News & Bulletin Updates

Bulletin Updates

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As of 25th August 2020 OX and MX prices have declined in Rotterdam owing to the soft demand trends in the region.

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Para Xylene (PX) prices climb marginally in the international market as per our analysts.

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As of 25th August 2020, SM prices have picked up in the Asia Market.

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As of 25th August 2020, our analysts have informed us that Asian mono ethylene glycol prices were down on the back of reduced demand.

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As of 25th August 2020, PTA Prices have remained unchanged in the Asia Market.

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As of 25th August 2020, our analysts have informed us in South Korea, a major producer has postponed the restart of the unit till end-September, 2020.

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As of 25th August 2020, our analysts have informed us that a major Chinese producer plans to restart its acetic acid plant following an unplanned outage.

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As per our analysts, GAIL has recorded a Turnover of Rs. 12,060 crore.

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As per our sources, a major International producer plans to restart its PP unit following a turnaround.

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Polypropylene spot and contract prices remain stable in Europe as per our analysts.

 

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As of 25th August, our analysts have informed us that a major International manufacturer restarts its refining unit.

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As of 25th August 2020, Dollar opened at $74.40 as informed by our analyst.

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As of 24th August, 2020, Methanol price picks up in Asia and NW Europe on the back of strong demand trends in the region.

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As per our analysts a major Chinese producer plans to restart its Butyl acrylate (butyl-A) unit following a turnaround.

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As of 24th August 2020 our analysts have informed us that a Japanese producer has shut its Group I base oil unit following a turnaround.

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Our analysts have reported that 2EH prices have declined in SE Asia and FE Asia due to sluggish demand trends in the region.

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As of 24th August 2020 OX and NBA prices have declined in South Korea  and SE Asia owing to the soft demand trends in the region.

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As of 24th August 2020, Toluene prices have picked up in the International Market.

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Our analysts have informed us that Oil India is incurring losses because production costs have risen in comparison to actual cost.

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IPCL has announced a price of DEG and MEG with effect from 22nd August, 2020.

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As per our analysts RIL has announced a price revision for PTA as of 22nd August 2020.

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As per our analysts HCL has announced a price revision for Acetone and Phenol as of 22nd August 2020.

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As of 22nd August 2020, a major International producer halted operations at its Melamine plant for maintenance on August 20th, 2020.

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As per our analysts, a major International producer company is expected to resume operations at the unit on August 24, 2020.

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As of 22nd August 2020, Toluene prices have dropped in the US Gulf and Rotterdam.

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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