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.

Naphtha prices have registered a downward movement in Japan while moving up in Europe owing to fluctuation in the markets.

After talking to a trader in Ahmedabad, it is revealed that imports are fluctuating, which has resulted in prices going down.

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

According to our analysts a major Chinese manufacturer of chemicals stops production at its monoethylene glycol unit following a turnaround.

Styrene Monomer prices have recorded a marginal increase in CFR India, CFR SE Asia and FOB Rotterdam as mentioned by our analysts.

North-western Europe witnessed a sharp decline of Phenol prices whereas Acetone prices climbed in NOrth West Europe as informed by our analysts on 25th July 2020.

According to our analysts, Saudi Arabia is in plans to hike its Asian August official selling price (OSP) for the third month due to rising benchmarks set by the Middle East.

As of July 24th, 2020, vinyl chloride monomer (VCM) prices have been found steady in FE Asia, SE Asia, China, NW Europe, and US Gulf due to constant demand trends in the respective countries.

Naphtha prices have registered a downward movement in Europe while moving up in Japan due to fluctuations in the markets.

As of 24th July 2020, IPA prices drift down in the Mumbai market due to dwindling demand in the regions.

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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