News & Bulletin Updates

As of 6th October 2020 OX prices have declined in the  international market owing to the soft demand trends.

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Acrylonitrile prices picked up in the international market as of 6th October 2020.

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PX prices have drifted down in Rotterdam and US Gulf owing to the soft demand trends in the region.

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The company started turnaround at the plant on October 1, 2020.

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The company has plans to start turnaround at the unit this week.

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The company is likely to halt operations at the units by early-October, 2020.

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The company is likely to start turnaround at the unit on October 20, 2020.

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PTA manufacturing capacity of Hengli will climb to around 16.6 million tons a year, making the refiner the China top manufacturer leaving behind the present market giant Yisheng Petrochemical.

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Oct 06, 2020: STYRENE MONOMER

Asian styrene prices are likely to be range bound this week, tracking upstream crude oil and benzene values amid the week-long holiday in China.

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Asian purified terephthalic acid spot discussions are expected to remain limited with Chinese trade participants away from the market until Oct.8.

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Asia's monoethylene glycol prices

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Asia's monoethylene glycol prices would most likely be stable this week as markets in China

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Oct 06, 2020: ACRYLONITRILE

Far East Asia acrylonitrile prices are likely to be further supported this week as buyers across Asia are facing increasingly tighter spot supply.

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The company resumed operations at the plant in early-October, 2020.

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The company is likely to halt operations for maintenance at the unit on October 10, 2020.

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Celanese Corporation resumed operations at the Vinyl acetate monomer unit in end-September, 2020.

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India is heavily dependent on chemical imports.
We are carrying here data on a chemical import slate totalling up to 1 million tonnes

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As of 6th October 2020 on monday Acetonitrile prices have declined in the domestic market

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As of 6th October 2020 Acetic Acid price picked up in India on the back of strong demand trends in the region coupled with high saturation in the market.

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LyondellBasell and Sasol today announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol’s 1.5 MM ton ethane cracker, 0.9 MM ton low and linear low-density polyethylene plants, and associated infrastructure for a total consideration of US$2 Billion.

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Despite bearish upstream costs, propylene prices were assessed flat in Asia on Monday.

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CFR Far East Asia EDC prices were assessed at the USD 315/mt levels, while CFR South East Asia EDC prices were assessed at the USD 345/mt levels, both up USD 5/mt from the previous week.

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As of 6th October 2020, the dollar opened at Rs 73.16 which is up from the previous days close.

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As of 5th October Kandla has announced price revision for Methanol.

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As of 5th October 2020, SM prices have declined in the Asian market owing to the soft demand trends.

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