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Our analysts have informed us that a major Chinese producer has restarted production at its No. 2 PTA plant.

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As of 2nd September 2020, Dollar opened at Rs 73.05 which is higher from the previous close.

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Bengaluru has become the second major city after Pune with the highest number of active Covid-19 cases, even as the caseload is falling in Mumbai, Chennai, and Delhi.

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Sep 02, 2020: Crude Oil Overview

As of Sep 02, 2020, Crude oil prices went up for Indian Basket, North-West Europe and the US Gulf on Tuesday while the OPEC Price went down.

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Naphtha prices pick up in Europe on account of active demand trends. On Sep 2nd, 2020, the price increased in Europe from $380/MT to $387/MT (CIF), a hike of $7/MT.

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Pet prices remain unaffected in the International market on Tuesday.

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Various market traders have confirmed as of 2nd September 2020 that the price of chemicals  has increased in the Chennai market.

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Our analysts have reported a price revision for  N-Butanol as of 2nd September 2020 for Kandla Port.

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Various market traders have confirmed as of 2nd September 2020 that the price of chemicals  has increased in the Ahmedabad market.

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As of 2nd September 2020, Benzene prices picked up in Asia due to high upstream energy values and improved buying sentiments in the region as informed by our analysts.

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As of 2nd September 2020, MEG prices have picked up in the international Market.

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The company is likely to resume operations at the unit by September 22, 2020. The unit was shut on May 9, 2020 owing to economic fundamentals.

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The company has halted operations at the plant on September 1, 2020.

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PTA prices climbed marginally in the international market as of 2nd September 2020 registering an increase of $5/MT from the previous close.

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As per our analysts Ethylene prices have picked up in Asia as of 2nd September 2020.

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As of 2nd September 2020, Dollar opened at Rs 73.05 which is higher from the previous close.

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As per our analysts a major Chinese producer resumes its Linear low-density polyethylene (LLDPE) Production in Shandong.

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As of 2nd September 2020, a Saudi Arabian producer is offering HDPE pipe grade on a CFR Nhava Sheva Port basis

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As of 2nd September 2020, a Saudi Arabian producer is offering PP Raffia, film and BOPP grade on a CFR Nhava Sheva Port basis.

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As of 2nd September 2020, a Saudi Arabian producer is offering LDPE film grade on a CFR Nhava Sheva Port basis.

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Find out what kind of fundamental changes have been brought about in the plastic recycling industry in the US by the pandemic. India is a different market from the US, but will there be some parallels?. Click on Details for more

 

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Market sources were still waiting on the impact on monoethylene glycol shipments after the closure of a big unit.

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The acrylonitrile market is expected to receive firm support in the week starting

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The Asian styrene market is likely to see fewer arrivals at ports as domestic supply is increasing with the return of two major domestic producers.

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The company resumed operations at its plant on August 31, 2020.

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8At least 8 vessels are on wait at Kandla with their chemical cargoes

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We cover the entire matrix of chemical vessels sailing to India for unloading
8Our analysis shows that an ethane vessel is coming in for RIL at Dahej
8RIL is also importing orthoxylene, paraxylene, methanol and CBFS in large quantities

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

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

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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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Jun 02, 2020: Tested title