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

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

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

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

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

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

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

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

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

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.