As per our analysts, Naphtha prices are moving up in Japan and Europe as of 3rd July 2020.

India is also currently planning to tighten restrictions on more than 370 goods originating from China, as per a source at the Ministry of Commerce.

Delays in consignment release could heavily disrupt domestic production in India as many Indian companies are highly dependent on Chinese imports as per our reports.

As per our reports, in the first half of the 2020 Asia has imported high volumes of US crude which could be a false alarm for OPEC producers.

A major International manufacturer has undertaken a planned shutdown at its No. 1 Polypropylene (PP) unit.

As of 3rd July 2020, Propylene (PP) prices climb higher in Asia.

A major international methyl methacrylate (MMA) producer has undertaken an unplanned  shutdown at its MMA plant in China.

An International manufacturer from China halts operations at its Methanol-To-Olefins(MTO)  unit on July 1, 2020.

A major International manufacturer of Phenol and Acetone with a production capacity of 90,000 mt/year hasresumed operations at its Phenol-Acetone unit.

Our analysts have informed us that Benzene as of 3rd July 2020 has recorded a price rise in India, South Korea, Japan, Rotterdam and US Gulf.

Para Xylene (PX) prices climb marginally in the international market.

As per our analysts, Styrene Monomer prices have been registered to move upwards in some parts of the  international markets.

South-East Asia and Far-East Asia witnessed a marginal price hike of Acrylonitrile as informed by our analysts. on account of active demand trends in the region.

As per our sources, Enterprise Products Partners L.P. has announced that it has executed a long-term agreement with Marubeni Corporation to supply polymer grade propylene (PGP) from its second propane dehydrogenation plant (PDH 2), which is currently under construction.

Our analysts have assessed the price of PVC to be stable in the international market which is expected to reflect in the domestic market.

Haldia Petrochemical Limited (HPL),a flagship company of The Chatterjee Group (TCG) along with global equity firm Rhone capital has acquired majority stake at US based Lummus Technology.

As of 2nd July 2020, Acetone prices have increased in Chennai as per our source.

The prices of both 2EH and NBA were increased by Andhra Petro.

Our Analysts have informed us that Hindustan Organic Chemicals Limited (HOCL) has announced an upward price revision for Acetone with effect from July 02, 2020.

As per our sources, many products are stuck at the Kandla Port because of the new tensions brewing between China and India.

Shenhua Ningxia Coal Industry has undertaken a planned shutdown at its No.1 Polypropylene (PP) unit.

Formosa Petrochemical Corporation (FPCC), is likely to undertake a planned maintenance shutdown at its No.3 cracker unit by mid-August 2020 as reported by our analyst.

Our analysts have reported that despite higher upstream crude and naphtha values, ethylene prices were assessed to be flat in Asia on Wednesday.

SK Global Chemical (SKGC)is likely to resume operations at the plant by early-July, 2020.

Wednesday saw PP prices remaining stable in spite of strong upstream trends prevalent in the market.