News & Bulletin Updates

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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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As of 1st September 2020, the prices of chemicals were reported to be down in the Ahmedabad market.

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Hazira has announced a price revision for DEG as of 1st September 2020.

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As per our analysts GSFC has announced a price revision for Cyclohexane as of 1st September 2020.

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As of 1st Sept 2020, DOP prices were seen to be dropping in the international market.

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Our analysts have reported that Mixed Xylene (MX) and Benzene prices have declined in the US Gulf owing to soft demand trends in the region.

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According to a source the company has planned to commence a turnaround at the plant on September 1, 2020. The plant is likely to remain off-line for about one month.

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The company is likely to shut the plant for maintenance on September 1, 2020.

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Price announcements were made by HPL, GAIL, BPCL, Supreme and OPaL

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As of 29th August 2020, Dollar opened at Rs 73.24 and is trading up as of now

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Announcements involve PP, PE, PET and PVC prices

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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