On June 16, 2023, Petrochem sources revealed that phthalic anhydride prices in the Mumbai market had fallen.

The domestic market for Vinyl Acetate Monomer (VAM) saw a significant shift as prices fell in the Kandla area.

Ortho-Xylene costs have risen in Mumbai's domestic market.

The domestic market for butyl acetate recently saw a drop in pricing, particularly in the Hazira sector, where rates fell.

The chemical sector's Petrochem sources have reported a large increase in cyclohexane in the Kandla market.

8Hanwha TotalEnergies Petrochemical, a joint venture between South Korea's Hanwha Corporation and France's TotalEnergies, has successfully restarted its cracker in South Korea

8Leading acetic acid manufacturer Lotte INEOS Chemical plans to shut down its acetic acid facility for maintenance

8Chevron Phillips Chemical's ethylene unit in the US has gone offline due to an unplanned shutdown, disrupting the supply of ethylene

8Methanol prices in the US remain stable despite weaker crude values

8The open market of Mumbai experienced a subdued buying sentiment on Thursday, indicating a cautious approach from buyers

8It was a quiet trading day on Thursday as the purchasing trend in Delhi's open market remained weak

8Buying trends were muted in the open markets of Bangalore on Thursday, prices for various plastic resins remained unchanged from the previous day

8Mangalore Refinery and Petrochemicals Limited (MRPL) has announced an incentive scheme for polypropylene (PP) lifting in June 2023. The scheme is linked to the CQI (Continuous Quality Improvement) 2023-24 program

8The Polyethylene Terephthalate (PET) pricing in India's domestic markets has been announced by Reliance Industries Ltd (RIL)

8Styrene Monomer (SM) prices were assessed higher in Asia by improved buying trends in the region and bullish upstream benzene prices

8Toluene prices in Europe remained stable, whereas they increased in Asia

8A leading Iranian producer and supplier has offered a new grade of LDPE Film at a competitive price

8The stability in MX prices comes despite a rise in downstream PX prices.

8Solvay and Corre Energy join forces to advance clean energy storage by collaborating on the development of a Compressed Air Energy Storage (CAES) facility in Germany, with Solvay providing salt caverns as a crucial step towards expanding its commitment to sustainable energy solutions

8The Austrian company, ALPLA to build a PET recycling plant in South Africa with an output of 35,000 tonnes of recycled PET material, marks the company’s entry into the African recycling market

8CPGC and BASF have accelerated onboard for CO2 capture system development

8The RCEP trade agreement, which would remove up to 90% of tariffs on products exchanged between the two areas and increase trade by $4.5 billion, has been discussed between Sri Lanka and ASEAN

8Continental launches sustainable tire series with top EU performance, available in 19 sizes, hitting dealers in July

8The rubber market is poised for remarkable growth, with a projected trajectory towards reaching an impressive market size of USD 50 billion by the year 2031, reflecting a combination of forward-looking expectations and the industry's dynamic potential for innovation, expansion, and economic impact

8The Osaka Exchange's November delivery rubber contract dropped to 209.7 yen ($1.50) per kg, while the Shanghai futures exchange reported an increase to 12,085 yuan ($1,686.41) per metric ton for September delivery