Monoethylene Glycol prices climbed marginally in the international market as informed by our analysts.

PTA prices climbed marginally in India as of 18th July 2020 registering an increase of $5/MT from the previous close.

Our analysts have reported that the price rise of polypropylene can be attributed to a week on week rise in upstream crude and naphtha values.

As of 18th July 2020, Reliance Industries Limited (RIL) is in plans to shut its crude distillation unit (CDU) at its refinery complex in Jamnagar.

With global demand for ammonia expected to remain sluggish between 2020 and 2030 due to Covid-19, find out how top ammonia producers like India and Iran will go through their upcoming ammonia projects.

Plastics have an exponential market in India, with annual 13% annual growth for the last 5 years. What will be the outlook of Indian’s plastic industry post COVID-19.

Our analysts have informed us that on July 17th, 2020 a major chinese producer restarted its  No. 2 Styrene monomer (SM) unit following maintenance.

Our analysts have informed us that on July 15th, 2020 a major chinese producer restarted its Vinyl acetate monomer unit following maintenance.

As of 17th July 2020, Benzene prices pick up internationally due to high upstream energy values and improved buying sentiments in the region as informed by our analysts.

Styrene Monomer prices have recorded a marginal increase in South-Korea and Japan as mentioned by our analysts.

The price of Acrylonitrile was reported to be down in the Asian market on Friday.

Our analysts have informed us that on July 16th, 2020 a major chinese producer stopped production at its HPDE unit following maintenance.

As of 17th July 2020, future trading prices for the Chinese market were reported to pick up for LLDPE but prices drift down for PP and PVC from yesterday's close.

As of 17th July 2020, price revisions have been announced for energy products Naphtha, Butadiene, and Crude Oil for the international market.

As of 16th July 2020,Crude oil prices went up for Indian Basket, Opec, North-West Europe and the US Gulf on Thursday.

Naphtha prices were registered to move upwards in Japan on account of active demand trends but in Europe it went down by $2/MT from the previous days close.

On Thursday, PVC price moved marginally up in South-East Asia, Far-East Asia, India South Korea and Thailand on account of active demand trends in the respective regions.

As of 16th July 2020, HOCL has announced a basic price change for Acetone registering a decrease of Rs 2/kg from the previous days close.

As of 16th July 2020, Reliance has announced a basic price change for Mix Xylene registering an increase of Rs 1.50/kg from the previous days close.

A government led campaign to reduce the heavy reliance on Chinese imports of petrochemicals has led India to actively seek for other alternatives to it.

As of 16th July 2020, future trading prices for the Chinese market were reported to be higher for LLDPE, PVC but prices were stable for PP from yesterday's close.

Post COVID-19 Middle East to become the key supplier of petrochemicals and polyolefins specifically for the Asian market as reported by our analysts.

MEGlobal has rolled over its Asian Contract Price (ACP) for monoethylene glycol (MEG) to be shipped in August 2020.

July list and off-list selling prices for Vinyl Acetate Monomer (VAM) has been increased by Celanese in China.

Our analysts have informed us that on July 15th, 2020 a major chinese producer restarted its solvent plant following maintenance.

8At least 8 vessels are on wait at Kandla with their chemical cargoes

We cover the entire matrix of chemical vessels sailing to India for unloading
8Our analysis shows that an ethane vessel is coming in for RIL at Dahej
8RIL is also importing orthoxylene, paraxylene, methanol and CBFS in large quantities

RIL has a giant crude to chemical game plan
It is extremely ambitious in its scale

Production margins were hovering at multi-year lows in early July as oversupply continues to pressure the polyester chain.

The prices of almost all the petrochemical products discussed under pressure had declined in the broad range of 0.3%-29% y-o-y in FY20.

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