News & Bulletin Updates

Bulletin Updates

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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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Asia naphtha markets are finding support from pockets of demand, helping to keep spot prices afloat, along with the product's crack spread.

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As per our analysts, the demand for n-butanol (NBA) in Asia is recovering gradually from a trough in the first quarter at the height of the coronavirus pandemic, but a rebound in 2-EH prices is unlikely because its demand has not recovered.

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As of 29th July 2020, the Union Health Ministry has exempted hand sanitizers from the requirement of sale licence for its stocking or sale under the Drugs and Cosmetics Act, 1940 and the Drugs and Cosmetics Rules, 1945.

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Datang International Duo Lun Coal Chemical has starts turnaround at polypropylene units.

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As of 29th July 2020, our analysts have recorded the price of propylene to be steady in the Asian.

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A major chinese producer of chemicals is in plans to take its methanol unit off stream following a turnaround.

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As of 29th July 2020, Toluene prices were seen dropping in the international market due to dull demand in the region.

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China and South-East Asia witnessed a sharp decline of Acetone and Phenol prices as informed by our analysts on 29th July 2020.

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As per our analysts, the price of IPA in Chennai has come down because of demand being low.

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A Mumbai market trader has confirmed as of 29th July 2020 that the price of 2EHA has increased in the Indian market.

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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