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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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Aug 31, 2020: Crude Oil overview

As of 23st July 2020, Crude oil prices went down for Indian Basket, OPEC, North-West Europe and the US Gulf.

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As per our analysts, Naphtha prices have registered an upward movement in Europe while the prices of Japan have no change in the markets.

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As of 31st August 2020, Butadiene (BD) prices remain unchanged for South Korea, Rotterdam, US Gulf, SE Asia and China due to steady demand patterns in the region.

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As of  31st August 2020, Methanol price picks up in the international market on the back of strong demand trends in the region.

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As of 31st August 2020, OX prices have seen a gradual rise in Korea and Rotterdam on the back of improved buying sentiments in the region.

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As per our analysts, Acetone prices have drifted down in the Mumbai market.

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After talking to a trader in Ahmedabad our analyst has reported that SM prices are down because of less demand.

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Our analysts after talking to various sources in the market have given price predictions for PP, HDPE, LLDPE, LDPE, PVC and PET for 1st September 2020.

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As per our analysts, a major US refinery sustains damage due to Hurricane Laura.

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As of 29th August 2020, Dollar opened at Rs 73.25 as informed by our analyst.

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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