As of 6th August, 2020, the price of Acetone/Phenol dropped in the Mumbai market due to the decreasing number of bookings and fluctuating demand and shortage of material.

As of 6th August 2020, despite stronger upstream energy values, ethylene prices remain steady in Europe but drop down for Asia.

The Indian rupee (INR) opened today at Rs74.93 versus the dollar(USD).

As per our analysts, a major International producer has shuts its Paraxylene plant due to maintenance

As of 6th July  2020, major Chinese producer shuts its IPA unit following a turnaround

As of 6th August 2020, Benzene prices have picked up internationally due to high upstream energy values and improved buying sentiments in the region.

PTA prices climbed marginally in the international market as of 6th August 2020 registering an increase of $5/MT from the previous close.

China and South-East Asia witnessed a sharp decline of Acetone and Phenol prices on 6th August  2020.

As of 6th July 2020, HPL has announced price revision for LLDPE, HDPE and PP.

As of 6th July 2020, GAIL has announced price revision for LLDPE film grade and LLDPE drip grade

Ethylene has recorded a price drop in the Asian market as reported by our analysts.

As per our analysts, a major Chinese producer has resumed operations at its PP and PE unit following a turnaround

On Wednesday, despite weaker upstream naphtha values and dull regional demand trends, propylene prices were quoted to be steady in Asia as per our analysts.

As of 6th August 2020, RIL has announced price revisions for HDPE and LLDPE for the Indian Domestic market.

As of 5th August 2020, our analysts have informed us that Acetone prices have gone down in China as the prices record their ninth week of decline.

In the Kolkata market, the price of Chemicals are on a downward trend due to shortage of material during the pandemic.

IPA demand is down in the Indian domestic market even though it is used in the production of Hand sanitizers.

The Indian rupee (INR) opened today at Rs 74.79 versus the dollar(USD).

As per our analysts, a major CHinese producer has taken its SM plant off-stream following a technical issue.

As of 5th August 2020, a major International producer takes its Group 1 base oil unit off-stream due to maintenance.

As of 5th August 2020, a major chinese producer is in plans to take its PP unit off stream due to maintenance.

As per our analysts, a major chinese producer has taken its LLDPE unit off-stream following a turnaround.

As per our analysts, Naphtha prices have gone down for the European markets with bearish demand cues.

In the Delhi market, the price of Chemicals are fluctuating due to strong demand patterns in the region and shortage of material due to the pandemic.

A Delhi market trader has confirmed as of 4th August 2020 that the price of MIBK has increased in the Delhi market.

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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