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.

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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.

The price of Acrylonitrile was reported to be down in the Asian market on Friday.

Our analysts have informed us that on July 16th, 2020 a major chinese producer stopped production at its HPDE unit following maintenance.

As of 17th July 2020, future trading prices for the Chinese market were reported to pick up for LLDPE but prices drift down for PP and PVC from yesterday's close.

As of 17th July 2020, price revisions have been announced for energy products Naphtha, Butadiene, and Crude Oil for the international market.

As of 16th July 2020,Crude oil prices went up for Indian Basket, Opec, North-West Europe and the US Gulf on Thursday.

Naphtha prices were registered to move upwards in Japan on account of active demand trends but in Europe it went down by $2/MT from the previous days close.

On Thursday, PVC price moved marginally up in South-East Asia, Far-East Asia, India South Korea and Thailand on account of active demand trends in the respective regions.

As of 16th July 2020, HOCL has announced a basic price change for Acetone registering a decrease of Rs 2/kg from the previous days close.

As of 16th July 2020, Reliance has announced a basic price change for Mix Xylene registering an increase of Rs 1.50/kg from the previous days close.

A government led campaign to reduce the heavy reliance on Chinese imports of petrochemicals has led India to actively seek for other alternatives to it.

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.

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