News & Bulletin Updates

The company is likely to resume operations at its Deer Park plant by early-November, 2020 following a maintenance turnaround.

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A major US producer plans to bring on-stream a methyl methacrylate (MMA) plant in Beaumont.

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PTA prices were assessed flat in Asia

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A major producer from Europe is heard to have offered Phenol at the USD 635-640/mt levels.

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A major producer from South Korea is heard to have offered Phenol at the USD 675/mt levels.

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The arrival of Hurricane Delta in the eastern part of Texas and Louisiana could result in  regional power outages causing additional production to remain offline.

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The company is likely to start maintenance at the plant on October 20, 2020.

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The company has brought on-stream its Polypropylene (PP) units following an unplanned outage.

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Get the full line up here, of all chemicals imported into India. 

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As reported in our previous analysis, the price of Phenol has been going down but as of today the price of Phenol has increased in the Mumbai market, according to trading sources.

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The price of Methanol has been cut by Rs 0.75/kg.

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PX prices have declined in the Korea/SE Asia owing to the soft demand trends.

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Reports of improved regional demand trends and stronger isomer FOB Korea and CFR Japan and CFR China prices

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A Chinese petrochemical producer is planning to take off-stream its No.1 Polypropylene (PP) unit in Zhoushan, Zhejiang

 

 

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Major Thai producer has taken off-stream its ethylene vinyl acetate (EVA)/low density polyethylene (LDPE) plant.

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Major International producer restarts its Polypropylene plant following a maintenance turnaround.

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The company has undertaken an unplanned shutdown at the unit on October 11, 2020.

 

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Despite high upstream costs, benzene prices slipped in the international market.

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Sichuan Shengda Chemical is in plans to undertake a planned shutdown, at its purified terephthalic acid (PTA) unit in Nanchong.

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There is a cyclone alert signal no. 9  hoisted at Chennai, Ennore, Kattupalli & Karaikal.
All inward movements for these ports have been suspended.

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Oct 12, 2020: Sunday prices

8This is evident from the pile-up of crude vessels at receiving ports.
8RIL however is witnessing an uptick in crude vessel offloading, with the line-up of vessels waiting coming down a little.
8Meanwhile, RIL is likely to complete the turnaround at its polypropylene (PP) unit and resume operation on November 12, 2020, as reported by our sister site www.indianpetrochem.com. The unit was shut for maintenance in mid-October, 2020. Located at Jamnagar in Gujarat, India, the PP unit has a production capacity of 480,000 mt/year.
8Also, the company's No#1 TPA plant at Hazira with a capacity of 510 KTPA of TPA is undergoing a planned shutdown
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Oct 12, 2020: Crude Oil overview

The international crude oil price of Indian Basket was quoted at around $42.17 per barrel on Oct 12, 2020.

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Naphtha prices were recorded to be static in Japan and Europe due to a steady demand trend on Monday.

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Butadiene prices were assessed to be higher in South Korea, China and South-East Asia, while remaining unchanged for Rotterdam and US Gulf

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The price of DEG has been slashed  by Rs 2/kg. The new basic price of DEG being Rs 38/Kg.

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