As informed by our analysts a major International producer shuts its methanol plant unit for a maintenance turnaround.

As informed by our analysts, a major Chinese chemical producer is in plans to halt production at its MEG unit owing to technical issues.

As of 4th August 2020, a major Indian producer is in plans to shut its PTA unit following a turnaround.

As of 4th August 2020, PAN prices fell in the international market due to unavailability of raw materials and restrictions imposed due to the pandemic.

As of 4th August 2020, Benzene prices picked up in the Asia and China market due to high upstream energy values and improved buying sentiments in the region .

ABS prices have been reported to be unchanged for South Korea, FE Asia, South East Asia, India, NW Europe, and the US Gulf due to steady demand patterns in the region.

EDC prices went up in Europe and the US Gulf as informed by our Analysts.

As of 1st August 2020, GAIL has announced a price revision for HDPE, LLDPE and PE grades as informed by our analysts.

As of 1st August, 2020, BPCL has announced price revision for PP and PE for the domestic market. Local prices of PP grades have been decreased by Re.1/kg basic.

As per our analysts, India's plastics industry expects to see resurgence in demand after first quarter sales crashed over 50% due to coronavirus pandemic induced countrywide lockdown.

Our analysts, after talking to various sources in the Mumbai market have reported that the price of IPA has come down because of weakening demand and shortage of supply.

As of 1st August 2020, NPAC prices dropped down in the Kandla port due to the decreasing number of bookings and fluctuating demand and shortage of material.

According to our analysts this price drop was prompted by a tumble in upstream crude rates.

As of 1st August 2020, Toluene prices were seen dropping in India and the US Gulf.

Asian imports and demand for IPA has been picking up during the pandemic since its use in the production of hand sanitizers which was previously a niche market.

As of 1st August 2020, IOCL has announced a price revision for PP and PE grades as informed by our analysts.

The Indian Rupee on Saturday opened 0.12 paise up against USD.

As per our analysts a major International producer has undertaken an unplanned shutdown at the cracker on July 31, 2020.

A major International producer has brought on-stream its polyvinyl chloride (PVC) plant following a maintenance turnaround.

SPL has announced a revision in its PS prices as of 1st August 2020.

As of 1st August 2020, RIL has announced a price change for HDPE,PP,LLDPE,LDPE, PET and PVC as informed by our analysts.

South-East Asia and Far-East Asia witnessed a marginal price hike of Acrylonitrile as informed by our analysts. on account of active demand trends in the region.

As of 31st July 2020, the price of EDC and VCM remains unchanged from the previous close as informed by our analysts.

A Mumbai market trader has confirmed as of 31st July 2020 that the price of MIBK has increased in the Indian market.

As of 31st July, 2020, the price of Acetonitrile dropped down in the Mumbai market due to fluctuating demand and shortage of material.

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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