Para Xylene (PX) prices climb marginally in the international market as per our analysts.

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 analysts, Ethylene and Propylene prices for CFR North East Asia, CFR South East Asia, FOC Korea, CFR China were recorded to be flat as of 24th July 2020.

Naphtha prices pick up in Japan and Europe on account of positive buying trends in the respective countries.

As of 23rd July 2020, IOCL has announced a domestic price revision for PP and HDPE

In the Kolkata market, the price of Chemicals is fluctuating due to strong demand patterns in the region and shortage of material.

A Mumbai market trader has confirmed as of 23rd July 2020 that the price of Acetonitrile has increased in the Indian market.

As of 23rd July, 2020, price of SM decreases due to fluctuation in demand and shortage of material in Mumbai market.

As of 23rd July 2020, CIF NS-Mumbai has announced new offer prices for HDPE grades Raffia, Blow Moulding, HM Film and Injection Moulding.

The plant will be designed to produce 450,000 metric tons per year (m.t./yr) of polypropylene.

As of 23rd July 2020, GAIL had announced a domestic price revision for HDPE grades HM and BM whereas all other grades have been rolled over.

GSFC has announced a price revision for Cyclohexane as of 23rd July 2020.

GNFC has announced a price revision for  Acetic Acid as of 23rd July 2020.

Qingdao Lidong is likely to halt operations at the plant for maintenance by early-August, 2020.

Panjin Northern Asphalt is likely to resume operations at the plant in end-July, 2020

PTA prices climbed marginally in the international market as of 23rd July 2020 registering an increase of $5/MT from the previous close.

China and South-East Asia witnessed a sharp decline of Acetone and Phenol prices as informed by our analysts on 23rd July 2020.

RIL as of 23rd July has announced discount schemes ‘X’ and ‘Y’ for MOU customers for PP which will be announced every month.

As of 23rd July 2020, RIL has increased the prices for HDPE BM grade whereas all other other grades have been rolled over as informed by our analysts.

With polymer markets sluggish, demand scenario weak and a continuous downward adjustment in the crude international prices.

Propylene prices have increased in South Korea, China and Europe on Wednesday due to increasing demand in the countries.

Naphtha price picks up in Japan while in Europe the prices declined owing to sluggish demand trends in the region.

As per our analysts, the price of Ipa in Chennai has come down because of reducing demand.

As of 22nd July, 2020, the price of Acetonitrile decreased in the Mumbai market due to fluctuating demand and shortage of material.

As of 22nd July, 2020, Acetic Acid Prices have increased  in Mumbai and Kandla Port as per our sources.

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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