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

As of  29th August 2020, Methanol price picks up in some International markets on the back of strong demand trends in the region.

As of 29th August 2020, Benzene prices have dropped in the International Market.

As of 29th August 2020, our analysts have informed us that the rates of Phenol are surging as suppliers are facing delivery issues due to the restrictions imposed because of the pandemic.

As of 29th August 2020, our analysts have informed us that the price of Solvent C9 has been hiked owing to trouble in berthing the vessel at the port causing 4 to 5 days of delay.

As of 29th August 2020, our analysts have informed us that GNFC may increase the price of Cyclohexanone for the Mumbai market.

As of 28th July 2020, Purified Terephthalic Acid prices fell in Asia due to unavailability of raw materials and restrictions imposed due to the pandemic.

As of 28th August 2020, MEG prices have picked in the Asia Market.

As of 28th August 2020 a major International producer is all set to resume operations at its Maleic anhydride (MA) plant by end-August 2020.

As of 28th August 2020, our analysts have informed us that a major International producer has  halted operations at the unit on August 27, 2020.

As per our analysts, Hurricane Laura has hit the energy facilities along Texan Gulf Coast resulting in many facilities shutting down.

As of 28th August 2020, Dollar closed at Rs 74.39 as informed by our analyst.

As of 28th August 2020, Dollar opened at Rs 74.85 as informed by our analyst.

As of 28th August 2020, our analysts have informed us that the company re-continued the operations at the units on 26 August 2020.

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

Our analysts have reported that the price of MIBK and Phenol have dropped down in the Mumbai market because corresponding International prices of Phenol and MIBK are down and also because bookings are falling.

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

As of 27th August 2020, the prices of chemicals were reported to be down in the Chennai market.

As per our analysts GNFC has announced a price revision for Acetic Acid as of 27thAugust 2020.

As per our analysts Hazira has announced a price revision for BAM as of 27th August 2020.

As per our analysts Dahej has announced a price revision for Chloroform as of 27th August 2020.

As of 27th August 2020, our analysts have informed us that a major Thai producer has planned to resume operations at its linear alkyl benzene (LAB) plant by end-August, 2020.

As of 27th August 2020, according to sources a major Indian producer is likely to resume operations at the unit by end-August, 2020.

As of 27th August 2020, Toluene prices have picked up in the International Market.

As of 27th August 2020, MEG prices have seen a gradual rise in the international market on the back of improved buying sentiments in the region.

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

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

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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