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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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

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

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

The import offers for Nhava Sheva Port in US/MT

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

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

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

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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