On September 1, 2021 polyamide 6 (M28RC) prices moved higher in the Ludhiana polymer market

Polyamide 6 (M28RC) prices fell today in the domestic market of Delhi

The Kandla Port sources reported a rise in cyclohexanone prices today.

Styrene monomer prices are slowly increasing in Hazira.

DBP prices are slowly increasing in the Mumbai market.

Cyclohexanone prices registered a sharp rise in the imported market of Mumbai. 

DEG prices have been announced at Hazira.

New benzene prices have been announced at Vizag.

Market sources reported a cut in Hazira’s NBA prices today.

SM prices moved higher today in the Mumbai chemical market.

Domestic market sources reported a rise in Mumbai’s VAM prices today.

8Tight supply in Europe has decreased the flow of arbitrage naphtha into Asia for the second consecutive month for the August loading program
8And the upcoming volumes for the September loading program is slated to remain thin due to a decrease in demand from Asia's end-users for October

8Chinese PP raffia deals were done at $1,175-1,180/t on a fob basis, destined for South Asia and South America
8A major Chinese supplier was offering $1,175/t FOB to India. Freight rates from China to India have surged to $200-230/t compared with $170-180/t two weeks
ago.
8But higher demand is likely to keep prices up

8Asia Bulk Sacks Private Limited (ABSPL) is engaged into manufacturing polypropylene and high density polyethylene woven bags and fabrics which find application in industrial packaging materials for fertilisers, tarpaulins, cement, sugar, plastic polymers, food grains, chemicals, salt etc. The company operates with total installed capacity to produce 5400 metric tonnes of woven sacks per annum. But for reasons best known to the company, it is refusing to cooperate with a rating agency in assessing the quality of its debt. The point to note however is that the bank has also given an NOC for the ratings to be withdrawn.
Among other companies in the non-cooperation list are
8Padma Polymers Ltd
8CIL Nova Petrochemicals Ltd
8Siddharth Carbochem Products Ltd
8Hemani Industries Ltd
8Haritha Fertilisers Ltd

8There is a major turnaround maintenance coming up in a large petrochemical plant
8And there is a need for services for the turnaround

8Here is a major public sector engineering company providing "Virtual Training- Design & Layout of Underground Piping System & Service Corridor Planning in Refinery & Petrochemicals"

8A chemical conference is coming up of all places in Bhubaneshwar

8Many have touted methanol as a future fuel for the shipping industry
8There are now many competing fuels
8How far will methanol go?

8Here is an interesting work on using yeast to create alternative petrochemical processes
8New advances in bio-technology is allowing for novel processes to break through

8Even as companies such as IOC and RIL look for investments from Saudi Arabia in the refinery and petrochemical segment, here is this giant Saudi company setting up a JV with an investment of $6.1 billion to build a mega petrochemical complex in China

8Digitizing chemical & petrochemical plants is the new trend
8Digitization 4.0 is on now
8And the deliverables are very impressive

8Do not ignore Central Asia
8There is big scope for chemical and petrochemical outreach there

Get the weekly outlook in Asia here for key products
8Naphtha
8MTBE
8Toluene
8Isomer MX
8Ethanol
8Methanol
88Propylene
8PE
8MEG
8PTA
8And recycled plastics

8India is unlikely to be a great specialty super power anytime soon
8India’s exports have climbed a meagre 50% during the past decade, while a few countries like Vietnam been able to quadruple their exports in the same period through aggressive policies
8Clearly, there is a long way to go

8An anti-dumping duty is lifting the fortunes of this company sky high