Pet Prices have been reported to be stable in South Korea, South East Asia, NE Asia, NW Europe, and the US Gulf due to steady demand patterns in the region.
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Naphtha prices have been registered to move up in Japan and Europe on account of positive buying trends in the respective countries.
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ABS prices pick up in India, South Korea and South East Asia on the back of increasing buying trends in their respective markets.
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As of 6th August, 2020, the price of Acetone/Phenol dropped in the Mumbai market due to the decreasing number of bookings and fluctuating demand and shortage of material.
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As of 6th August 2020, despite stronger upstream energy values, ethylene prices remain steady in Europe but drop down for Asia.
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The Indian rupee (INR) opened today at Rs74.93 versus the dollar(USD).
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As per our analysts, a major International producer has shuts its Paraxylene plant due to maintenance
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As of 6th July 2020, major Chinese producer shuts its IPA unit following a turnaround
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As of 6th August 2020, Benzene prices have picked up internationally due to high upstream energy values and improved buying sentiments in the region.
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PTA prices climbed marginally in the international market as of 6th August 2020 registering an increase of $5/MT from the previous close.
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China and South-East Asia witnessed a sharp decline of Acetone and Phenol prices on 6th August 2020.
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As of 6th July 2020, HPL has announced price revision for LLDPE, HDPE and PP.
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As of 6th July 2020, GAIL has announced price revision for LLDPE film grade and LLDPE drip grade
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Ethylene has recorded a price drop in the Asian market as reported by our analysts.
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As per our analysts, a major Chinese producer has resumed operations at its PP and PE unit following a turnaround
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On Wednesday, despite weaker upstream naphtha values and dull regional demand trends, propylene prices were quoted to be steady in Asia as per our analysts.
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As of 6th August 2020, RIL has announced price revisions for HDPE and LLDPE for the Indian Domestic market.
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As of 5th August 2020, our analysts have informed us that Acetone prices have gone down in China as the prices record their ninth week of decline.
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In the Kolkata market, the price of Chemicals are on a downward trend due to shortage of material during the pandemic.
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IPA demand is down in the Indian domestic market even though it is used in the production of Hand sanitizers.
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The Indian rupee (INR) opened today at Rs 74.79 versus the dollar(USD).
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As per our analysts, a major CHinese producer has taken its SM plant off-stream following a technical issue.
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As of 5th August 2020, a major International producer takes its Group 1 base oil unit off-stream due to maintenance.
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As of 5th August 2020, a major chinese producer is in plans to take its PP unit off stream due to maintenance.
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As per our analysts, a major chinese producer has taken its LLDPE unit off-stream following a turnaround.
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