GSFC has announced a price revision for Cyclohexane.

Vizag has announced a price revision for Benzene.

The company is currently operating the plant at 100% of production capacity levels.

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

The company halted operations at the plant on October 10, 2020.

The company is likely to resume production at the plant by mid-October, 2020.

Haldia Petrochemical Ltd (HPL) has announced X Incentive on PP for October 2020

CNOOC and Shell Petrochemicals Co (CSPC), has taken off-stream its low density polyethylene (LDPE) unit for turnaround.

Total chemical tonnage that is going to be processed in Indian ports is close to 0.9 million tonnes.
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Many domestic specialty chemical companies have invested in expanding their capacity in the last few years along with investing in R&D which has helped them in becoming major players in the chemical industry.  
Many Indian companies are looking for CRAMS opportunities for intermediates along with few domestic companies aiming for export market shares for finished products.
The India chemical industry size is estimated at ~$163 billion in FY18 is expected to reach ~ $300 billion by FY25 with an anticipated growth of 9% CAGR.
This industry is currently valued at $32 billion and is expected to reach $65 billion by FY25E. 
Growth from the domestic speciality chemical industry would be provided to by sub sectors like agrochemical, surfactants, aroma chemicals, plastic additives, water treatment chemicals, etc.
With China coming down hard on environment scofflaws, forcing small chemical industries to shut down, US President Donald Trump's tough import tariffs with China and COVID - 19 is making all global chemical buyers rethink and modify their supply chains. A shift in production and consumption towards Asian and South East Asian countries will lead to an increased demand for chemicals and petrochemicals. A modest shift of 5% in market shares from China to India can render a @8 billion opportunity for the Indian specialty chemical makers.

As of 12th October 2020, GAIL has announced MQAIS Linked Additional Discount scheme for October 2020 on fulfillment of MCQ % as follows:

As of 12th October 2020, HPCL has announced y and Z incentive amount for October 2020 on >= 100% CCS lifting:

JV with SK Gas in Saudi Arabia has added an IPA plant to its Jubail complex diving into Advanced Petrochemical in Saudi Arabia.

Naphtha prices opened lower as compared to previous days close, following a fall in crude oil prices on Friday.

The price of Methanol has been cut by Rs 0.25/kg. The new basic price of  Methanol at Rs 22.25/kg.

Reports of improved regional demand trends and stronger isomer CFR Korea and CFR SE Asia prices of OX were assessed to be up at the $ 530/ton and $ 545/ton levels. 

Methanol price picked up in some international markets on the back of strong demand trends in the region.

The company is currently operating its plant at 100% of production capacity levels.

The company has scheduled maintenance turnaround at the plant over the month of October 2020.

The company halted operations at the unit on October 7, 2020.

As of 12th October 2020, Coal India Ltd has invited global bids for a coal to methanol plant at Sonapur near Asansol. The others will be set up in Chhattisgarh, Maharashtra and Jharkhand.

Major Chinese producer has undertake a planned shutdown at its polyethylene terephthalate plant in Haining.

The company resumed operations at the plant early this week.

The price of Acrylonitrile has been increased by Rs 0.25/kg with the new basic price of  Methanol at Rs 22.50/kg.

GSFC  has announced a price revision for Cyclohexane.