The company is likely to shut the unit on October 31, 2020 owing to bearish market conditions.

A South Korean trader is heard to have offered Japanese Methyl ethyl ketone (MEK) at USD 1270/mt levels in Pakistan.

The company resumed operations at the plant on October 27  2020.

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The company resumed operations at both the units on October 28, 2020.

Domestic price revisions of PP and PE have been announced by Indian Oil Corporation Limited (IOCL).

Reliance Industries Ltd (RIL) has brought on-stream its Low Density Polyethylene (LDPE) unit after a brief turnaround.

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.

HDPE all grades:

On completion of APP 75%<= quantity < 85% - Re.0.75/kg

An LLDPE film offer from the US has been offered on the 28th of October with validity until the 30th

The international crude oil price of Indian Basket was quoted at around $39.07 per barrel on Oct 29, 2020.

Ethylene prices have been found to move down in some parts of Asia Owing to decreasing demand.

ABS prices picked up in India, Far East Asia  and SouthEast Asia on the back of increasing buying trends in their respective markets.

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.

As of 29 th October, 2020 Toluene prices climbed, mainly on account of stronger upstream costs and continued stronger regional demand trends.

As of 29 th October, 2020, IPA prices slipped in the domestic market despite high upstreams costs.

Acetic Acid prices have continuously increased from this month  indicating a shortage of supply with a growing demand In the domestic market.

Indian refiners have turned their focus to raising production of petrochemicals to cater for rising demand and help hedge against lower refined fuel margins, the country's oil secretary and company officials said on Wednesday.

The Yulong project to be built in Yantai, Shandong, China’s hub for independent oil refineries, consists of a 400 000 bpd refinery and a 3 million tpy ethylene plant, Reuters reported in June.

The company is likely to halt operations at the unit in November 2020.

Satyam has announced a price revision for ethyl acetate.

Kandla has announced a price revision for  Butyl Acetate.

As per sources Toluene prices have increased from last week indicating a shortage of supply with a growing demand in the domestic market.

Liaoning Bora / LyondellBasell, has taken off-stream its polypropylene (PP) plant for unplanned maintenance.

The company resumed operations at the cracker on October 27, 2020.