News & Bulletin Updates

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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.

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

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

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

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

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

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

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

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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.

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

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

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

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

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

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

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As per our analysts, Ethylene prices remain unchanged for CFR North East Asia, FD North West Europe and CIF North West Europe as of 22nd July 2020.

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As of 22st July 2020, Crude oil prices went up for Indian Basket, Opec, North-West Europe and the US Gulf on Wednesday.

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As of 22st July 2020, Crude oil prices went up for Indian Basket, Opec, North-West Europe and the US Gulf on Wednesday.

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As of 22nd July 2020, Benzene prices pick up internationally due to high upstream energy values and improved buying sentiments in the region as informed by our analysts.

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Monoethylene Glycol prices climb marginally in the Asian market as informed by our analysts.

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Our analysts have informed us that the prices of PP, PE and PVC are expected to remain unchanged for the coming week.

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Propylene prices remain unchanged in the international market on Tuesday.

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Pet prices remain unaffected in the international market on Tuesday.

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The Indian Rupee on Tuesday closed 17 paise up against USD.

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Recent studies have found that chemical recycling (pyrolysis) of mixed plastic waste emits 50% less CO2 than incineration of the same waste.

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8At least 8 vessels are on wait at Kandla with their chemical cargoes

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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

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RIL has a giant crude to chemical game plan
It is extremely ambitious in its scale

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Production margins were hovering at multi-year lows in early July as oversupply continues to pressure the polyester chain.

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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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Jun 02, 2020: Tested title