On Thursday, ethylene prices fell, as buying sentiments continued to remain soft coupled with ample regional product avails.

Idemitsu Kosan, has brought on-stream its naphtha cracker following a turnaround.

On Thursday, propylene prices drifted lower in Asia.

Sinopec-SK Wuhan Petrochemical, has undertaken a planned shutdown at its No.1 polypropylene (PP) unit in Hubei.

SM prices picked up in some international markets. According to our analysts, this price rise was triggered by stronger demand trends in the region.

As of 30th October, 2020, Phenol prices have declined in Asia owing to soft demand trends in the region.

The price fall was on the back of weaker upstream energy values and dull demand trends in key markets.

As of 30th October 2020, PX prices have drifted down in the international market owing to the soft demand trends in the region.

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.