News & Bulletin Updates

The company is likely to resume operations at the unit by this weekend.

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The company resumed operations at the plant in mid-September, 2020.

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Toluene price rise in the International market was attributed to strong demand trends in the region also coupled with high saturation in the market.

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The company resumed operations at the plant on September 17, 2020.

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The company is likely to halt operations at the unit for maintenance on October 10, 2020.

 

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As per our analysts JNPT has announced a price revision for Acetic Acid as of 19th September 2020.

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As per our analysts Aegis has announced a price revision for Methanol as of 19th September 2020.

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As per our analysts price revision for BAM as of 19th September 2020 in Kandla.

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RIL, IOCL and Haldia Petrochemicals Limited announces price revision for PE, PP, and PVC.

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Reports of continued tight product availability and bullish upstream crude and naphtha values supported the sharp price gain across the Asian regions.

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Reports of persistent constrained product availability, coupled with bullish upstream crude and naphtha values, has led Ethylene sellers to raise their prices across the Asian regions.

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Major International producer has shut its polypropylene (PP) unit for unplanned maintenance.

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As of 18th September 2020, Dollar opened at Rs 73.47 which is up from the previous close.

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Prices climbed higher, mainly on account of bullish Ethylene feedstock rates and stronger PVC demand and pricing trends.

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Kandla has announced a price revision for C9 Solvent as of 18th September 2020.

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The company halted operations at the unit on September 12th, 2020.

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The company slashed production at its plant to around 50% of the capacity levels on September 16th, 2020.

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As of 18th September 2020 SM prices have declined in the Asian market owing to the soft demand trend

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Acrylonitrile prices picked up in the Asia market as of 18th September 2020.

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As of 18th September 2020, PTA prices picked up in the International Market.

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Demand for hand sanitizers has declined, and recently, also newcomers to the IPA market in the spring are exiting the market and re-focusing on their previous products.

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The company's No. 1 and No. 2 MEG plants at the site, each with 120,000 mt/year capacity, are running at 90%-100% capacity in September. 

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The company is likely to shut the plant for maintenance by early-December, 2020 for a period of around 4 weeks. Earlier, the plant was scheduled for maintenance by October 2020.

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Major producer from Thailand is heard to have offered its Vinyl acetate monomer (VAM) at the USD 740/mt levels.

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The company has scheduled a turnaround at the unit in the second half October for a period of around 20 days.

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