On March 8, 2021, MEG prices drifted down on the back of weakening demand and shortage of supply at Mumbai Port.

Shortage of supply accompanied by a growing demand has led to an increase in BGE prices at Kandla port.

The Mumbai polymer market witnessed a rise in BDGE prices.

On March 8, 2021, formaldehyde prices increased in the Ahmedabad market.

On March 8, 2021, phenol prices were assessed lower at Kandla port.

Mumbai and Kandla polymer market witnessed a decrease in methanol prices today.

Brunei Methanol Co has brought its methanol plant on-stream early this week.

Huntsman resumes production at its maleic anhydride unit in Germany.

Celanese Corporation has brought its acetic acid plant on-stream.

Petronas Chemical Group is likely to start maintenance turnaround at its methanol unit.

8JBF RAK, has announced a force majeure on supplies of PET from its plant at Geel, Belgium.

A revision in PS prices has been announced by Supreme Petrochem.

An increase in PVC imported and RIL K6701 grade prices has been noted on March 6, 2021.

On March 6, 2021, the purchase trend for EVA prices increased by Rs.2-3/Kg in the open markets of Mumbai, Delhi, Chennai, Ahmedabad and Hyderabad.

DOP prices have increased today, in the Kolkata market. Shortage of supply has contributed to the price rise.

On March 6, 2021, VAM prices drifted down on the back of weakening demand and shortage of supply at Kandla Port.

On March 6, 2021, MTO prices increased in the Chennai market. A growing demand in the imported market contributed to this price rise.

Shortage of supply accompanied by a growing demand has led to an increase in methanol prices at Kandla port.

On March 6, 2021 moderate buying trends have been reported by our Petrochem analysts in the Chennai polymer market.

Petrochem analysts have reported price changes in HDPE and LLDPE in the Delhi polymer market as of March 6, 2021.

Price changes in the Mumbai polymer market have been reported by our Petrochem analysts.

On March 6, 2021, Petrochem sources confirmed that formaldehyde prices have slipped in the Ahmedabad market. 

The international crude oil price of Indian Basket was quoted at around $64.12 per barrel on March 06, 2021.

Prices for MDC have been revised by GACL. 

MEG prices have increased in the Mumbai market today, indicating a shortage of supply accompanied by a growing demand.