PAN prices climbed marginally in South-East Asia and Far-East Asia as of 6th July 2020.

MX prices climbed in the Rotterdam region on the back of limited product availability and strong demands as reported by our analysts.

A big petrochemical expansion is taking place in India, involving two large sized polypropylene and polyethylene projects. The promoter has begun placing orders against its petrochemical expansion

Atmanirbhar Bharat is both a great opportunity and a challenge for the Indian chemical and petrochemical industry. This can be a good base on which fresh capacities can be built, but active and sustained government support will be needed for this. But there are many challenges too

As per our analysts, GCC has released its price list for its polymer products as of 4th July 2020.

A major chinese polymers producer has shut its PP unit due to maintenance as reported by our analysts.

As of 4th July 2020, feedstock closing prices have registered an increase on all products except a few grades of Ethylene, Propylene and Naphtha.

The PET markets in Asia were hit hard due to the ongoing pandemic with this week’s $5 billion sale announcement unable to break the dreadlock.

As of 5th July, 2020, Styrene monomer prices rose sharply in Korea, China, South-east Asia and China.

A major chinese VAM producer has shut its VAN unit due to technical difficulties as reported by our analysts.

Our analysts have informed us that a major producer is set to restart its Group 1 base oil plant following a turnaround.

According to our analysts, a major international producer of PX has taken its No. 1 Paraxylene (PX) unit off stream.

On Saturday, 4th July 2020,  PX prices edged lower in Asia.

North-western Europe witnessed a sharp decline of Phenol prices as informed by our analysts on 4th July 2020.

MED(CIF) witnessed a marginal price hike of Acrylonitrile as informed by our analysts on account of active demand trends.

According to our analysts, toluene prices have started to drift down in the Asian market namely Japan, South Korea and China which can be attributed to a key manufacturer slashing prices.

Ethylene prices increased slightly in some parts of the International market on Thursday.

As per our analysts, Naphtha prices are moving up in Japan and Europe as of 3rd July 2020.

India is also currently planning to tighten restrictions on more than 370 goods originating from China, as per a source at the Ministry of Commerce.

Delays in consignment release could heavily disrupt domestic production in India as many Indian companies are highly dependent on Chinese imports as per our reports.

As per our reports, in the first half of the 2020 Asia has imported high volumes of US crude which could be a false alarm for OPEC producers.

A major International manufacturer has undertaken a planned shutdown at its No. 1 Polypropylene (PP) unit.

As of 3rd July 2020, Propylene (PP) prices climb higher in Asia.

A major international methyl methacrylate (MMA) producer has undertaken an unplanned  shutdown at its MMA plant in China.

An International manufacturer from China halts operations at its Methanol-To-Olefins(MTO)  unit on July 1, 2020.