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.

Our analysts have informed us that on July 15th, 2020 a major chinese producer restarted its No. 1 Methanol-to-olefins (MTO) plant following maintenance.

Para Xylene (PX) prices climb marginally in the Asia market as of 16th July 2020.

Styrene Monomer (SM) prices have recorded a marginal increase in South-Korea as mentioned by our analysts.

As of 16th 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.

As of 16th July 2020, IOC Polymer has revised the prices for PP  HDPE and LLDPE as informed by our analysts.

As of 16th July 2020, HPL has increased the prices for PP HDPE LLDPE and LDPE as informed by our analysts.

As of 16th July 2020, RIL has increased the prices for PP, HDPE, LLDPE, and LDPE as informed by our analysts.

A domestic industry source informed us about domestic price revisions of PVC announced by Reliance Industries Limited (RIL).

A domestic industry source informed us about domestic price revisions of PE announced by GAIL.

As of 15th July 2020, IPA prices pick up in the Kandla port since IPA is used to make sanitizers  which has become a necessity during the pandemic.

As of 15th July 2020, a major producer of butyl acetate has shut its plant following an unplanned shutdown.

Taking the current market scenario into account, our analysts have predicted the prices for PP, LLDPE, LDPE and PVC for the 3rd week of July 2020.

Our analysts have informed us that due to the high cost of raw materials, a major chinese producer has shelved its new PDH unit.

As of July 14th, 2020, naphtha prices decline significantly in Japan and Europe owing to lackluster demand trends in the region.

Ethylene prices declined in South-East Asia, India, China, and North-West Europe owing to decreasing demand trends in the region.

Butadiene (BD) prices have been static in South Korea, China, South East Asia, Rotterdam, and the US Gulf due to a constant demand in the region.

As of 15th July 2020, a major South Korean chemical producer stops production at itsNo. 2 Paraxylene (PX) and Orthoxylene (OX) units owing to economic fundamentals.

As per our analysts, a major Iranian producer stops production at its No. 2 Methanol plant.

On Wednesday, 15th July 2020, PX prices edged lower in Asia on the back of weak upstream crude rates.

According to our analysts, toluene prices have started to drift down in the international market namely Japan, South Korea and China which can be attributed to a key manufacturer slashing prices.

As per our analysts, MEG prices were assessed to be falling in Asia.