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After talking to various sources in the market our analysts have given a brief overview of the Ahmedabad chemical market.

LPG intake as feedstock rose in northwest Europe from an estimated 282,000 metric tons to 650,000 metric tons in June.

As of Aug 12, 2020, Crude oil prices went up for Indian Basket, OPEC but the prices were assessed to be down in North-West Europe and the US Gulf on Wednesday.

Butadiene (BD) prices were recorded to be steady in South Korea, China, South East Asia, Rotterdam, and US Gulf due to stable demand patterns in the respective countries.

Naphtha prices were registered to move upwards in Japan on account of active demand trends in the region.

As of 10th August, 2020, latest chemical tanker load bulk prices for Indian chemical market according to our analysts. Acetone, Acetic Acid, Butyl Acetate, C9 Solvent, IPA, Methanol, n-Butanol, Phenol, SM, Toluene, VAM, PG, OX, Octanol, Acrylonitrile, BAM, BGE, Butyl Acetate, Ethyl Acetate, Ethyl Acrylate, Butyl Cellosolve,  Cyclohexane, DEG, EDC, Isobutanol, MEK, MIBK,  MEG, MX are recorded as follows.

In the Delhi market, the price of Chemicals are fluctuating due to strong demand patterns in the region and shortage of materials due to the pandemic.

Our analysts, after talking to various sources in the Mumbai market have reported that the price of IPA has come down because of weakening demand and shortage of supply.

As of 12th August, 2020, Acetonitrile prices have drifted down in the Mumbai market as informed by our analysts.

Our analysts after taking to various sources in the market and taking into account factors such as buying trend and product availability has announced price prediction for PP PE and PVC.

As of 12th August 2020, Indian Rupee opened at $74.78 as informed by our analyst.

As per our analysts, a South Korean producer is heard to have offered its PVC resin suspension grade at the Nhava Sheva port.

As of 12th August 2020 the Ethylene market was stable in Asia despite higher upstream crude and naphtha values.

As of 12th August 2020, as per our analysts, a major Chinese producer has restarted production at its NO. 3 PP unit.

As of 12th August 2020, our analysts have informed us that a major International producer has taken its base oil unit off-stream following a turnaround due to maintenance.

As per our analysts a major International producer has taken its No. 4 MEG unit off stream following a turnover due to maintenance.

As of 12th August 2020, MEG prices have seen a gradual rise in the international market on the back of improved buying sentiments in the region.

n-Butanol prices have dropped down in China and SE Asia owing to the soft demand trend in the region.

As of 12th August 2020, Benzene prices pick up internationally due to high upstream energy values and improved buying sentiments in the region as informed by our analysts.

The international crude oil price of Indian Basket was quoted at around $43.99 per barrel on Aug 10, 2020.

Propylene prices have increased slightly in Japan while remaining steady in Asia and in some parts European and US Gulf countries on account of stable demand trends in the respective countries.

Ethylene prices have dropped down in Japan and South Korea while remaining unchanged in Asia’s other regions and Europe.

The Indian Polymer market is undergoing an upward price trend movement as the market struggles to be stable since the last price revision by major producers and aso due to the restrictions imposed by the Lockdown.

As of 10th August 2020, our analysts have gathered a market overview for the Hyderabad market after talking to various traders.