Our analysts have reported a price rise of PVC in Europe on the back of increasing costs of ethylene and key producers shutting their facilities due to the pandemic.
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China is heavily dependent on propane imports due to the inability to use domestic materials.
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The Northwest Europe (NWE) naphtha market is set to maintain its upward trend in June as informed by our analysts.
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The provincial government in Canada has launched its Alberta Petrochemicals Incentive Program.
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The company is expected to undertake a planned shutdown at the plant on July 12, 2020 as reported by our analysts.
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The company started maintenance work at the plant on July 9, 2020 as a result of which its phenol and acetone plant were taken off stream.
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The company is planning to shut the cracker for maintenance on October 12, 2020 according to our analysts.
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A major international producer has halted operations at its Methanol unit on July 10th, 2020 as informed by our analyst.
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Toluene prices have recorded a marginal increase in the US Gulf and Rotterdam region registering a gain of Cent 2/Gallon for Us Gulf and $ 5/MT for Europe.
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The price for Acrylonitrile was reported to be down in the Asian market on Friday as of 10th July 2020.
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PTA prices climbed marginally in India as of 10th July 2020 registering an increase of $5/MT from the previous close.
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Our analysts have informed us that MEG prices were falling in Asia as of 10th July 2020.
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Our analysts have informed us that the plants of NGL Fine-Chem Limited in Tarapur and Navi Mumbai are in operation but due to restrictions on people movement the capacity utilization is currently at about 60-70%.
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The Chennai chemical market prices are fluctuating because of demand being high and supply being low as of 9th July 2020.
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As of 9th July, 2020, in Mumbai market, price of Acetonitrile decreases due to fluctuation in demand and shortage of material.
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A major international producer has halted operations at the unit on July 9, 2020 as informed by our analyst.
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According to our analysts a major international chemical producer has taken its MEG Unit off-stream.
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As of 9th July 2020, South Korean Yeochun Naphtha Cracking Center has increased the contract price of Butadiene by $18/t.
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As of 9th July 2020, price revisions have been announced for energy products Naphtha, Butadiene and Crude Oil for the international market.
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The company started maintenance work at the plant on July 9, 2020 as a result of which its phenol and acetone plant were taken off stream.
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As of 9th July, 2020, Methanol has recorded a price rise in Asia and China on the back of strong demand trends in the region.
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Acetone and Phenol prices fell sharply in China on the back of inactive demand patterns in the region.
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As of 9th July 2020, benzene recorded a price drop in the Asian market according to our analysts.
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On Thursday, 9th July 2020, PX prices edged lower in Asia.
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The Ahmedabad chemical market prices as of 8th July 2020 are fluctuating because the demand is high and the supply is low.
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