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

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

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

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

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

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.

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

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

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.

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

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

Propylene prices remain unchanged in the international market on Tuesday.

Pet prices remain unaffected in the international market on Tuesday.

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

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

Our analysts have informed us that the chemical prices in the Ahmedabad market have gone down on the back of diminishing imports and supply shortages.

Our analysts have reported that Mixed Xylene (MX) prices have declined in the US Gulf and Rotterdam owing to the soft demand trends in the region.

Domestic chemical market prices were seen to be fluctuating in Kandla port.

As of 21st July 2020, NPAC prices pick up in the Kandla port.This price rise is mainly due to high demand along with abundant supply.

As of 21st July 2020, future trading prices for the Chinese market were reported to pick up for PP but prices drift down for LLDPE and PVC from yesterday's close.

India’s Covid-19 outbreak which hit 1 million late last week is threatening to slow the recovery in some key downstream sectors in the Indian petrochemical market adding to the loss incurred.

As of 20th July 2020, the price of Acetone, MEK and MIBK in the Delhi chemical market has dropped down due to the decreasing number of bookings.

RIL announces a price drop for PTA  but prices for DEG and MEG picks up with effect from July 20th, 2020.

Reliance has announced a price revision for DEG and MEG as of 20th July 2020.

Our analysts have informed us that India is planning to stockpile crude in strategic  US petroleum reserves which can be used not only during emergencies but also for trade.

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

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

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

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

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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