Saudi Arabia is prepared to support extending oil cuts by OPEC and its allies into June and is also ready to prolong its own voluntary cuts to boost prices amid a new wave of coronavirus lockdowns, a source briefed on the matter said on Monday.

Ammonia Storage Tank Greenfield Project
8Cost - Rs 200 crore
Ammonia/Nitric Acid/SOP Greenfield Project
8Cost - Rs 200 crore

8A fertilizer project has sadly ended in India
8Know more about it

8Find out more on what researchers are up to

8A raft of new projects has pushed PDIL's turnover and profits up

8Fujian Binhai Chemical, has brought its acrylic acid unit on-stream

8Hyosung Cai Mep shuts its PP unit owing to technical glitches

8Formosa Plastics Corp has taken its Methyl-A plant off-stream

8ENEOS Corporation, has taken its No.1 & No.2 PX units off-stream

Looking at the current market scenario, buying momentum & other price governing factors, it seems that Indian producers may announce revision in polymer prices.

On March 31, 2021, the purchase trend for EVA decreased by Rs.1/kg in the polymer markets of Mumbai, Delhi, Chennai, Ahmedabad, and Hyderabad.

An increase in PVC imported and RIL K6701 grade prices has been noted on March 31, 2021.

On March 31, 2021, the purchase trend for PBT decreased by Re.0.50-1/Kg in the polymer markets of Mumbai, Delhi, Chennai, Ahmedabad, and Hyderabad.

On March 31, 2021 Petrochem analysts reported price changes in HDPE and LLDPE in the Jaipur polymer market.

On March 31, 2021, moderate buying activities were reported by our Petrochem analysts in the polymer markets of Kanpur.

Price changes, on March 31, 2021, in the Bangalore polymer market have been reported by our analysts.

On March 31, 2021, styrene monomer prices increased in the Mumbai market.

Octanol prices have seen an increase in the Kandla port.

On March 31, 2021, ethyl acetate prices drifted down on the back of weakening demand and shortage of supply in the Ahmedabad market.

A Saudi Arabian producer is heard to have offered its PS in Nepal.

N Propanol prices have been revised at Hazira.

A producer from Saudi Arabia has offered its HDPE in Nepal.

On March 31, 2021, the Mumbai polymer market witnessed a rise in ABS (MIF45) prices.

On March 31, 2021, the demand for PBT was moderate and prices have been remaining steady for the last week.

PET prices in the domestic market were stable in spite of lower international prices.