As of 18th July 2020, CIF NS-Mumbai has announced new offer prices for HDPE grades Raffia, Blow Moulding, HM Film and Injection Moulding.
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As per our analysts, a major Indian producer stops production at its Terephthalic Acid plant plant.
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As of 18th July 2020, Reliance has announced a price revivision for DEG and MEG.
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North-western Europe witnessed a sharp decline of Phenol prices as informed by our analysts on 18th July 2020.
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Monoethylene Glycol prices climbed marginally in the international market as informed by our analysts.
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PTA prices climbed marginally in India as of 18th July 2020 registering an increase of $5/MT from the previous close.
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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.
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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.
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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.
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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.
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Our analysts have informed us that on July 17th, 2020 a major chinese producer restarted its No. 2 Styrene monomer (SM) unit following maintenance.
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Our analysts have informed us that on July 15th, 2020 a major chinese producer restarted its Vinyl acetate monomer unit following maintenance.
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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.
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Styrene Monomer prices have recorded a marginal increase in South-Korea and Japan as mentioned by our analysts.
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The price of Acrylonitrile was reported to be down in the Asian market on Friday.
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Our analysts have informed us that on July 16th, 2020 a major chinese producer stopped production at its HPDE unit following maintenance.
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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.
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As of 17th July 2020, price revisions have been announced for energy products Naphtha, Butadiene, and Crude Oil for the international market.
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As of 16th July 2020,Crude oil prices went up for Indian Basket, Opec, North-West Europe and the US Gulf on Thursday.
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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.
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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.
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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.
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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.
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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.
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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.
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