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

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

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

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

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.

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

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.

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

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

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

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

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

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

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

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

As of 22nd August 2020 PX prices have declined in the international market owing to the soft demand trends in the region.

As of 22nd August 2020, Phenol prices were seen to be dropping in NW Europe as informed by our analysts.

As of 22th August 2020 Acrylonitrile prices have picked up in the International Market.

As of 22nd August 2020 our analysts have informed us that a major International producer has plans to build a Co2 to Methanol plant in India.

Our analysts after talking to various sources in the market have given the brief outlook on the International Polymer market.

As of 21st August, 2020, latest chemical tankers load bulk prices for Indian chemical market according to our analysts. Acetone, Acetic Acid, Butyl Acetate, C9 Solvent, IPA, Methanol, n-Butanol, Phenol

As of 21st August 2020, chemical prices in Ahmedabad are reported to be down.

After talking to various sources in the market our analysts have given a brief overview of the Kolkata chemical market.

As of 21st August 2020 our analysts have informed us that CHina plans to expand their crude oil storage following increasing imports.

As of 21th August 2020, Toluene prices have been reported to have dropped in the International Market.

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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