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

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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.

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

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

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

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The Asian market has seen more demand for lighter naphtha grades, but not enough to significantly support arbitrage flow from Europe as of 31st July 2020.

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RIL's overall exports declined 34.8% to 32,681 crore compared to the corresponding period of the previous year as per reports.

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Mitsubishi Chemical Corp. recently decided to acquire two German carbon-fiber recycling companies, CFK Valley Stade Recycling GmbH & Co. KG (CFK) and carboNXT GmbH (carboNXT) as part of the company’s efforts to promote the circular economy.

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Major International chemical producer has restarted its Methanol plant following a turnaround due to maintenance.

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As per our analysts, a major Chinese producers has shut its PX unit following a turnaround due to maintenance.

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As of 31st July 2020, SM prices were seen dropping in Japan and South Korea .

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Our analysts have informed us that Ethylene prices have remained stable for Asia as of 31st July 2020.

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Lifting Discount schemes will be announced for PP post 1st August 2020 taking into account the weakening buying sentiments for the Indian market.

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Our analysts afterlooking at the ongoing  crisis of the pandemic, current open bazaar scenario,

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Our analysts have reported that if this pandemic becomes the new normal, demands for petrochem and chemicals may decrease in the long term scenario for the EU market.

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As of 30 July 2020, Crude oil prices went up for Indian Basket, North-West Europe and the US Gulf on Thursday.

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Naphtha prices drop in Japan while moving up in Europe owing to uneven demand in the markets.

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As of 30th July, 2020, OX prices have drifted down in some parts of the Indian markets including kandla port.

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As per our analysts, a major international producer is in plans to shut its MA plant for maintenance.

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Our analysts have reported that Mixed Xylene prices have declined in the US Gulf owing to the soft demand trends in the region.

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As of 30th July 2020, Benzene prices pick up internationally due to high upstream energy values and improved buying sentiments in the region as informed by our analysts.

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The Indian Rupee on Thursday opened 0.03 paise up against USD.

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As per our analysts the price of polypropylene has dropped down in Asia from the previous close.

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India is a net importer of PVC. It is short by around 2 MMTA and yet how is it that it ended up exporting a huge quantity of PVC to China?

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A major Japanese producer of chemicals is in plans to bring its phenol and acetone methanol unit on stream as informed by our analysts.

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8At least 8 vessels are on wait at Kandla with their chemical cargoes

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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

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RIL has a giant crude to chemical game plan
It is extremely ambitious in its scale

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Production margins were hovering at multi-year lows in early July as oversupply continues to pressure the polyester chain.

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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