On Thursday, ethylene prices fell, as buying sentiments continued to remain soft coupled with ample regional product avails.
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Idemitsu Kosan, has brought on-stream its naphtha cracker following a turnaround.
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On Thursday, propylene prices drifted lower in Asia.
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Sinopec-SK Wuhan Petrochemical, has undertaken a planned shutdown at its No.1 polypropylene (PP) unit in Hubei.
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SM prices picked up in some international markets. According to our analysts, this price rise was triggered by stronger demand trends in the region.
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As of 30th October, 2020, Phenol prices have declined in Asia owing to soft demand trends in the region.
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The price fall was on the back of weaker upstream energy values and dull demand trends in key markets.
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As of 30th October 2020, PX prices have drifted down in the international market owing to the soft demand trends in the region.
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The company is likely to shut the unit on October 31, 2020 owing to bearish market conditions.
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A South Korean trader is heard to have offered Japanese Methyl ethyl ketone (MEK) at USD 1270/mt levels in Pakistan.
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The company resumed operations at the plant on October 27 2020.
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Get the full chemical import matrix
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The company resumed operations at both the units on October 28, 2020.
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Domestic price revisions of PP and PE have been announced by Indian Oil Corporation Limited (IOCL).
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Reliance Industries Ltd (RIL) has brought on-stream its Low Density Polyethylene (LDPE) unit after a brief turnaround.
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On Thursday, October 29, 2020, the Indian rupee ended 24 paise lower to close at 74.10 against the US dollar, from its Wednesday's close of 73.86.
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HDPE all grades:
On completion of APP 75%<= quantity < 85% - Re.0.75/kg
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An LLDPE film offer from the US has been offered on the 28th of October with validity until the 30th
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The international crude oil price of Indian Basket was quoted at around $39.07 per barrel on Oct 29, 2020.
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Ethylene prices have been found to move down in some parts of Asia Owing to decreasing demand.
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ABS prices picked up in India, Far East Asia and SouthEast Asia on the back of increasing buying trends in their respective markets.
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As of 29th October, 2020 SM prices witnessed a steep rise in Japan/South Korea/Rotterdam Prices spiked, mainly on account of bullish regional buying trends, limited product avails and stronger benzene feedstock values.
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As of 29 th October, 2020 Toluene prices climbed, mainly on account of stronger upstream costs and continued stronger regional demand trends.
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As of 29 th October, 2020, IPA prices slipped in the domestic market despite high upstreams costs.
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Acetic Acid prices have continuously increased from this month indicating a shortage of supply with a growing demand In the domestic market.
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