Looking at the present scenario, international offers at Indian ports and other price governing factors

The international crude oil price of Indian Basket was quoted at around $49.93 per barrel on Dec 23, 2020.

According to market sources, the demand for acrylic was assessed higher in major domestic markets as end use demand was active.

SAN prices were cited as constant in Mumbai, Delhi and Ahmedabad.

On December 23, 2020, Petrochem sources confirmed that phenol prices have slipped at Kandla port.

On December 23, 2020, chemical import prices drifted down on the back of weakening demand together with supply being considerably tight.

On December 23, 2020, acetic acid  prices drifted down on the back of weakening demand and shortage of supply.

As per our analysts and reliable domestic market sources, methanol prices have been decreasing continuously this week indicating a shortage of supply with a growing demand in the Mumbai market.

8There are several cargoes of phos acid and sulphuric acid coming in.

LNG cargoes in the next few days are slated to come in from the following terminals:
8Das Island
8Ras Laffan
8Punta Europa
8Soyo Cameroon
8Sabine pass
8Ingleside

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We have sixty chemicals, we give four versions in chemicals and this is something no one does, imported intact or bulk, imported repack, domestic bulk or intact and domestic repack. 

PET prices in the domestic market were stable in spite of lower international prices.

ABS prices in India are not likely to undergo any major change in the near term as demand for the raw material is expected to remain steady.

N-Butanol prices have increased continuously this week indicating a shortage of supply with a growing demand in the Mumbai market.

On December 22, 2020, MIBK prices witnessed a rise at Kandla.

On December 22, 2020, Toluene  prices drifted down on the back of weakening demand and shortage of supply.

An increase in crude and propylene notations continue to offer stable to firm ground in the PP market.

Prices of PE variants were assessed stable to soft in HDPE & LLDPE.

Isomer MX prices were assessed stable in Asia on December 21, 2020.

On December 21, 2020 toluene prices were assessed lower in Europe. Prices fell, mainly on the back of weaker regional demand.

We monitor more than 1500 prices every day on our petrochemical sites across different cities. We have the most comprehensive coverage in India.

8There is a very interesting read on the myth of recycling
8Those involved must read it

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8Here is a big opportunity

8For the Gulf countries, energy transition has been a tough call but they are gearing up to it
8Find out what is their strategy for the refinery and petochemical sector
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