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Our analysts have reported that despite higher upstream crude and naphtha values, ethylene prices were assessed to be flat in Asia on Wednesday.

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SK Global Chemical (SKGC)is likely to resume operations at the plant by early-July, 2020.

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Wednesday saw PP prices remaining stable in spite of strong upstream trends prevalent in the market.

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Formosa Petrochemical Corp (FPCC) is expected to start a turnaround at its Group II base oils unit by end-July 2020.

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Polychem is likely to halt operations at its monoethylene glycol (MEG) unitfor catalyst change work in early-July, 2020.

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Formosa Chemical and Fibre Corp (FCFC) is likely to have a complete turnaround at its Styrene monomer (SM) unit by early-July, 2020.

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Para Xylene (PX) prices climbed marginally in the South - East Asian and South Korean markets.

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Acetone and Phenol prices on 2nd July 2020 were recorded to be high in China and SE Asia.

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Our analysts have informed us that Benzene as of 2nd July 2020 has recorded a price rise in India, South Korea and Japan.

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Ningbo Keyuan is likely to have a complete turnaround at its Styrene Monomer (SM) plant by early-July, 2020.

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As of 1st July 2020, RIL, GAIL,HPL, IOCL, OPal and BCPL have announced a rate revision as reported by our analysts.

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As predicted by our analysts, RIL has raised prices as under.

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Benzene prices recorded a price drop in the Asian market according to our analysts as of 1st July 2020.

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Our analysts have reported that Toluene prices have risen in some parts of the international market.

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MX prices climbed in the US Gulf region on the back  of limited product availability and strong demands as reported by our analysts.

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Para Xylene (PX) prices climbed marginally in the US Gulf and Rotterdam market as reported by our analysts.

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As of 1st July 2020, the domestic chemical market prices have been on an upward trend.

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On Tuesday the Mumbai, Delhi and Ahmedabad markets witnessed a few buying activities for Polycarbonate, following resumption of trade in the Phase 1 lockdown lifting.

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Delhi polymer market is in a fluctuating state with prices gradually increasing.

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As of 30th June, 2020, the import offers for Kolkata Port in US/MT are as follows

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WIth extensive primary and market research, our analysts have predicted the price to be announced for 1st July 2020.

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The import offers for Nhava Sheva Port in US/MT

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PVC, LLDPE and PP futures opened higher than yesterday according to our analysts and have maintained the gradual price rise.

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LyondellBasell is all set to increase US polypropylene prices by 3 cent/lb as reported by our analyst.

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Following a turnaround, the company is set to resume operations at the Group II base oil plant in mid-July, 2020.

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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