News & Bulletin Updates

Toluene prices have recorded a marginal increase in the US Gulf and Rotterdam region registering a gain of Cent 2/Gallon for Us Gulf and  $ 5/MT for Europe.

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The price for Acrylonitrile was reported to be down in the Asian market on Friday as of 10th July 2020.

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PTA prices climbed marginally in India as of 10th July 2020 registering an increase of $5/MT from the previous close.

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Our analysts have informed us that MEG prices were falling in Asia as of 10th July 2020.

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Our analysts have informed us that the plants of NGL Fine-Chem Limited in Tarapur and Navi Mumbai are in operation but due to restrictions on people movement the capacity utilization is currently at about 60-70%.

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The Chennai chemical market prices are fluctuating because of demand being high and supply being low as of 9th July 2020.

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As of 9th July, 2020, in Mumbai market, price of Acetonitrile decreases due to fluctuation in demand and shortage of material.

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A major international producer has halted operations at the unit on July 9, 2020 as informed by our analyst.

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According to our analysts a major international chemical producer has taken its MEG Unit off-stream.

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As of 9th July 2020, South Korean Yeochun Naphtha Cracking Center has increased the contract price of Butadiene by $18/t.

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As of 9th July 2020, price revisions have been announced for energy products Naphtha, Butadiene and Crude Oil for the international market.

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The company started maintenance work at the plant on July 9, 2020 as a result of which its phenol and acetone plant were taken off stream.

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As of 9th July, 2020, Methanol has recorded a price rise in Asia and China on the back of strong demand trends in the region.

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Acetone and Phenol prices fell sharply in China on the back of inactive demand patterns in the region.

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As of 9th July 2020, benzene recorded a price drop in the Asian market according to our analysts.

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On Thursday, 9th July 2020,  PX prices edged lower in Asia.

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The Ahmedabad chemical market prices as of 8th July 2020 are fluctuating because the demand is high and the supply is low.

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An Ahmedabad market trader has confirmed as of 8th July 2020 that the price of Aniline has increased in the Indian market.

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Our analysts have informed us that Reliance has announced a price decrease for MEG.

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Unaffected by the pandemic, Tata Chemicals in Q1 FY 2020-21 performed better than what was expected with an estimated 85% sales revenues projected for the first quarter of FY 2019-20.

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A major international chemical producer has shut its phenol-acetone plant due to maintenance as reported by our analysts.

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A major chinese chemical producer halts production at its No.1 MEG unit which was closed due to maintenance as reported by our analysts.

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Styrene Monomer (SM) prices have recorded a marginal increase in some parts of the international market as mentioned by our analysts.

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MEG prices were assessed to be falling in Asia according to our analysts.

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As of 8th July, 2020 PX prices edged lower in Asia.

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