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

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

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

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

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

In the Chennai market, the prices are fluctuating due to strong demand patterns in the region and shortage of material due to the pandemic.

Despite weaker upstream SM rates and softer regional buying sentiments, ABS prices were assessed stable in the international market as of 28th July 2020.

Ethylene Prices have recorded no change in South Korea, Japan, NE Asia, China, South East Asia, NW Europe and US Gulf due to a constant demand trend on Tuesday.

Pet prices in the International market remain unaffected by the Covid-19 epidemic as of 28th July 2020 reflecting no price change from its previous close.

The Directorate of Disinvestment, Government of Punjab calls “Expression Of Interest” for the strategic disinvestment of Punjab Alkalies & Chemicals Limited

According to our analysts, after talking to various sources in the domestic market the price of IPA in the Mumbai market has come down because of weakening demand and shortage of supply.

In the Indian chemical market, this week the price of MIBK has decreased due to fluctuation in demand and shortage of material.

As of 28th July 2020, N-Butanol prices have seen a gradual rise in the international market on the back of improved buying sentiments in the region.

In the Kolkata market, the price of  some Chemicals is fluctuating due to strong demand patterns in the region and shortage of material.

IPCL has announced a price revision for MEG as of 28th July 2020.

Bis Phosphoric Acid(2EH) prices pick up in the International market as mentioned by our analysts.

Reliance has announced a price revision for MX and MEG as of 27th July 2020.

GSFC has announced a price revision for Cyclohexane as of 27th July 2020.

Today In the Delhi market, the price of Chemicals are fluctuating due to strong demand patterns in the region and shortage of material due to the pandemic.

As per our analysts, a major producer of chemicals is in plans to restart its No. 2 Purified terephthalic acid (PTA) unit following a planned maintenance.

OX prices pick up in CFR SE Asia region on the back of limited product availability and strong demands as reported by our analysts.

As of  27th July 2020, Methanol price picks up in some international markets on the back of strong demand trends in the region.

As per our analysts, DOW is in plans to increase prices of all PE resins for the month of August.

The Indian Rupee on Monday Opens 0.07 paise up against USD.

Butadiene prices were assessed to be higher in South Korea, China and Rotterdam.

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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