News & Bulletin Updates

Propylene prices remain unchanged in the international market as of tuesday.

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As of 14th July 2020, Ethylene Dichloride (EDC) prices have been found to be steady in FE Asia, SE Asia, China, NW Europe, and US Gulf due to constant demand trends in respected countries.

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As of 14th July 2020, Naphtha prices fell significantly in Japan owing to lackluster demand trends in the region, sparked by the Coronavirus scare.

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As of 14th July 2020 Delhi chemical market is in an upwards trend with prices gradually increasing.

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As per our analysts, the Chennai chemical market is coming up to par to what was before the pandemic as its markets and industry open for business.

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Despite weak upstream rates and soft regional buying sentiments, ABS prices were assessed stable in the international market on Wednesday.

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Celanese raises its prices for Vinyl Acetate Monomer (VAM) sold in Asia outside China (AOC) in effect for orders shipped on or after 8th July, 2020.

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Our analysts have informed us that a major polymer producer from Korea is all set to bring its Ethylene unit on-stream following a planned outage.

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As per our analysts, a Taiwanese Producer is offering Polyvinyl Chloride In India for August 2020 on a CIF Nhava Sheva port basis.

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As of 14th July 2020, EDC and VCM prices were quoted to be steady in Asia.

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A major japanese manufacturer of chemicals is likely to bring its Vinyl Acetate Monomer plant on stream.

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As of 14th July 2020, a major US chemical manufacturer is in plans to restart its Aromatics plant following a planned turnaround.

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According to our analysts, a major chinese chemical manufacturer has undertaken a planned shutdown at the plant from the 2nd week of July, 2020.

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As per our analysts, Styrene Monomer (SM) prices have recorded a marginal pick up in Japan and South Korea.

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Ortho-Xylene prices drift down in NW Europe as reports of sluggish regional demand sentiments push prices lower in the market.

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As of 14th 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.

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As of 14th July 2020, Purified Terephthalic Acid prices fell in Asia due to unavailability of raw materials and restrictions imposed due to the pandemic.

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As per our analysts polypropylene in Asia is expected to stay firm on the back of firm upstream prices.

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Pet prices remain unaffected registering no change in the International market as of 13th July 2020.

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As of 13th July 2020, vinyl chloride monomer (VCM) prices are stable in FE Asia, SE Asia, China, NW Europe, and US Gulf.

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Naphtha price picks up in Europe while in Japan Naphtha shows no change from the previous close as of 13th July 2020.

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Butadiene prices were reported to be stable in South Korea, China, South East Asia, Rotterdam, and US Gulf due to constant demand patterns in the region.

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Our analysts have informed us that Ethylene prices have dropped in Japan and South Korea.

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Chembond Chemicals Limited has reported a dip of 8.66% for Q1 FY21 in the company net profit and a 27.58% dip in its sales as reported by our analysts.

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Gujarat Narmada Valley Fertilizers & Chemicals Ltd has reported an increase of 152.11% in its Q4 FY20 whereas full-year net profit recorded a drop by 32.24%.

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