News & Bulletin Updates

We carry here a round-up of Indian market prices for commodity and engineering polymers across the cities of Delhi, Mumbai, Chennai, Ahmedabad, Kolkata, Ludhiana, Jaipur, Bangalore, Hyderabad and Kanpur. These are latest ruling prices.

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In Europe, price of Crude oil was assessed lower by $0.86 per metric tonne to USD 44.97 per metric tonne on May 3, 2016.

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In Japan, price of Naphtha was assessed lower significantly at USD 402 per metric tonne on May 3, 2016.

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In South East Asia, price of Methanol was assessed lower by USD 2 per metric tonne to USD 235 per metric tonne on May 3, 2016.

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In South East Asia and Far East Asia, price of PTA was assessed lower by USD 10 per metric tonne.

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In South East Asia, price of MEG was quoted higher by USD 5 per metric tonne.

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In South East Asia, price of Phenol was declined by USD 20 per metric tonne.

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In South East Asia, price of Acetone was declined by USD 10 per metric tonne

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On May 3, 2016, Para Xylene price in South East Asia was assessed lower by $10 per metric tonne.

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On May 3, 2016, Toluene price in South Korea was hiked by $5 per metric tonne to $615 per metric tonne on FOB basis in the country.

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On May 3, 2016, Styrene Monomer (SM) price in South Korea was declined by $5 per metric tonne.

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On May 3, 2016, Benzene price in South Korea was noted to remain uchanged at $650 per metric tonne on FOB due to stable demand.

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OPEC daily basket price on May 3, 2016 was assessed lower at USD 41.02 per barrel as compared to the price USD 42.47 per barrel on May 2, 2016.

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United States of America based Chevron Phillips Chemical Corporation has planned to restart its Sweeny No.24 Ethylene Unit.

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Indorama Ventures Public Company Limited has hiked its basic price of PET with effect from May 1, 2016.

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The International Crude Oil price of Indian Basket as reported by (PPAC) under the Ministry of Petroleum and Natural Gas was reported at USD 43.05 per barrel on May 3, 2016. This was lower than price of USD 44.59 per barrel on May 2, 2016.

In Rupee terms, the price of Indian Basket decreased to Rs 2852.72 per barrel on May 3, 2016 as compared to Rs 2958.23 per barrel on May 2, 2016.

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The Indian rupee opened lower on Today. It was trading at 66.63 per USD against previous closing.

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Latest Chemical Bulk Prices of Acetone, Aniline, Benzene, Formaldehyde, MEG, Methanol, IPA, EDC, C9 Solvent, MEK, MIBK, Phenol, MMA, Toluene, Acrylonitrile, Acetic Acid, Butyl Acetate, Butyl Cellosolve, BAM, C10, Caustic Soda, Cyclohexane, Cyclohexanone, Ethyl Acetate, Isobutanol, Mix Xylene, MTO, NBA, N-Hexane, Octanol, Propylene Glycol, Styrene Monomer, N-Propanol, Chloroform, Butyl Carbitol, Ethyl Acrylate, DMF, MDC, Ortho Xylene, VAM, Laws, Methylene Dichloride, N-butanol, MP Diol.

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On May 2, 2016, Para Xylene price in South East Asia was noted higher by $5 per metric tonne to $820per metric tonne on CFR basis.

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On May 2, 2016, Ortho Xylene price in South Korea was assessed higher by $30 per metric tonne.

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On May 2, 2016, Mixed Xylene price in South Korea was assessed higher by $5 per metric tonne.

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In India, PET prices are likely to remain stable at the prevailing rates in the near term as the demand pattern is not expected to change from the current trend.

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Reliance Industries Limited (RIL) has rolled over its ex-works price for PVC this month, on account of weak demand. In similar fashion, Indianpetrochem observed from its price database, that the market price for imported PVC declined in major trading hubs across India in April month.

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Saudi Arabia based SABIC has announced its latest PP offers to India. According to an industry based source, 

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Saudi Arabia based SABIC has announced its latest HDPE offers to India. According to an industry based source, the source 

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