News & Bulletin Updates

Butadiene prices were reported to be stable in South Korea, China, South East Asia, Rotterdam, and US Gulf due to constant demand patterns in the region.

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Our analysts have informed us that Ethylene prices have dropped in Japan and South Korea.

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Chembond Chemicals Limited has reported a dip of 8.66% for Q1 FY21 in the company net profit and a 27.58% dip in its sales as reported by our analysts.

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Gujarat Narmada Valley Fertilizers & Chemicals Ltd has reported an increase of 152.11% in its Q4 FY20 whereas full-year net profit recorded a drop by 32.24%.

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As of 13th July 2020, our analysts have reported that a major international producer is to resume operations at its Monoethylene glycol (MEG) unit.

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As per our analysts, a chinese chemical producer is in plans to restart its Group II base oil plant following a turnaround.

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Ortho-Xylene prices drifted down in Asia as reports of sluggish regional demand sentiments pushed prices lower in the market.

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MX prices climbed in the South Korea and South East Asia region on the back of limited product availability and strong demands as reported by our analysts.

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As of  13th July 2020, Methanol price rises in some international markets on the back of strong demand trends in the region.

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As of 13th July 2020, future trading prices for chinese market were reported to be higher for PVC, LLDPE and PP from the previous close

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As of 13th July 2020, Brent crude prices were reported to be 0.99% less and WTI crude opened to be 1.01% less than the previously closed price.

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As of 13th July 2020, our analysts have reported the feedstock offer prices for Naphtha, Ethylene, Propylene and Styrene.

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An Italian chemical manufacturer is in plans to take its methyl methacrylate plant off-stream due to maintenance.

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A major international chemical manufacturer is planning to resume operation at its Monoethylene glycol (MEG) plant following a turnaround.

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As per our analysts, a major chinese chemical manufacturer has taken its Styrene Monomer plant off-stream.

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As per our analysts, benzene recorded a price drop in the Asian market.

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As of  11th July 2020, Methanol price rises in SE Asia on the back of strong demand trends in the region.

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As of 11th July 2020, Purified Terephthalic Acid prices fell in Asia due to unavailability of raw materials and restrictions imposed due to the pandemic.

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As of 11th July 2020,  PX prices goes down in the international market.

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Acetone and Phenol prices on 11th July 2020 were recorded to be high in NW Europe as informed by our analysts.

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GAIL (India) Limited through its start-up initiative ‘Pankh’ has announced plans to boost start-up companies operating in the area of Compressed BioGas (CBG) through investments.

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Our analysts have reported a price rise of PVC in Europe on the back of increasing costs of ethylene and key producers shutting their facilities due to the pandemic.

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China is heavily dependent on propane imports due to the inability to use domestic materials.

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The Northwest Europe (NWE) naphtha market is set to maintain its upward trend in June as informed by our analysts.

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The provincial government in Canada has launched its Alberta Petrochemicals Incentive Program.

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