As of 20th July 2020, GNFC has announced a price revision for Acetic Acid with Basic price decreasing by Rs 1.01/Kg.

Mixed Xylene (MX) prices have declined in Korea and SE Asia owing to the soft demand trend in the region.

According to our analyst the price of DOP In South-East Asia and Far-East Asia pics up on the back of improved buying sentiments in the region.

Our analysts have reported that 2EH prices have declined in SE Asia and FE Asia due to sluggish demand trends in the region.

As of 20th July, 2020, Methanol price picks up in Asia and NW Europe on the back of strong demand trends in the region.

IOCL’s 300,00 barrels per day Paradip refinery to be shut for maintenance work for 22 days

Naphtha prices have registered a downward movement in Japan while moving up in Europe owing to fluctuation in the markets.

Butadiene (BD) prices have been reported to be steady in South Korea, China, South East Asia, Rotterdam, and US Gulf.

Ethylene prices have moved down in the US Gulf while remaining unchanged in Asia and Europe.

Our Analysts have informed us that Vizag has announced an upward price revision for Benzene and Toluene with effect from July 18th, 2020.

Price revision which had been announced on 16th July 2020 saw prices of LLDPE and PP along with HDPE had gone up.

As of 18th July 2020, CIF NS-Mumbai has announced new offer prices for HDPE grades Raffia, Blow Moulding, HM Film and Injection Moulding.

As per our analysts, a major Indian producer stops production at its Terephthalic Acid plant plant.

As of 18th July 2020, Reliance has announced a price revivision for DEG and MEG.

North-western Europe witnessed a sharp decline of Phenol prices as informed by our analysts on 18th July 2020.

Monoethylene Glycol prices climbed marginally in the international market as informed by our analysts.

PTA prices climbed marginally in India as of 18th July 2020 registering an increase of $5/MT from the previous close.

Our analysts have reported that the price rise of polypropylene can be attributed to a week on week rise in upstream crude and naphtha values.

As of 18th July 2020, Reliance Industries Limited (RIL) is in plans to shut its crude distillation unit (CDU) at its refinery complex in Jamnagar.

With global demand for ammonia expected to remain sluggish between 2020 and 2030 due to Covid-19, find out how top ammonia producers like India and Iran will go through their upcoming ammonia projects.

Plastics have an exponential market in India, with annual 13% annual growth for the last 5 years. What will be the outlook of Indian’s plastic industry post COVID-19.

Our analysts have informed us that on July 17th, 2020 a major chinese producer restarted its  No. 2 Styrene monomer (SM) unit following maintenance.

Our analysts have informed us that on July 15th, 2020 a major chinese producer restarted its Vinyl acetate monomer unit following maintenance.

As of 17th July 2020, Benzene prices pick up internationally due to high upstream energy values and improved buying sentiments in the region as informed by our analysts.

Styrene Monomer prices have recorded a marginal increase in South-Korea and Japan as mentioned by our analysts.

RIL has a giant crude to chemical game plan
It is extremely ambitious in its scale

Production margins were hovering at multi-year lows in early July as oversupply continues to pressure the polyester chain.

The prices of almost all the petrochemical products discussed under pressure had declined in the broad range of 0.3%-29% y-o-y in FY20.

dfd