As per sources, acrylonitrile prices today have increased from the previous day indicating a shortage of supply with a growing demand in the domestic market.
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The company is currently operating the plant at 100% of production capacity levels.
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SM prices surged across the Asian regions.
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The company is expected to operate its styrene monomer (SM) units at lower rates of around 75% of production capacity levels, owing to weak economic fundamentals.
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The company recently halted operations at the plant for maintenance.
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The price gain was supported by stronger upstream gasoline values.
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The sharp price rise was on the back of stronger regional buying sentiments and bullish global cues.
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The price fall was on the back of a fall in upstream crude values and softer regional demand trends.
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The price rise was attributed to improved regional buying inquiries.
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Reliance Industries Ltd (RIL) is likely to complete turnaround at its polypropylene (PP) unit.
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The price fall was on the back of weaker regional buying sentiments and sufficient product avails.
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The price gain was supported by higher upstream energy values and improved buying sentiments in key markets like China.
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TK Chemical has taken a polyethylene terephthalate (PET) unit off-stream for a turnaround.
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Acrylonitrile prices picked up in the US Gulf and MED market.
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As of 7th November 2020, PX prices have drifted down in the international market owing to the soft demand trends in the region
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PTA prices have declined in the international market owing to soft demand trends.
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Methanol prices picked up in Asian markets on the back of strong demand trends coupled with high saturation in the market.
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The company recently resumed operation at the plant on November 6, 2020.
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This company halted operations at the unit on November 5, 2020
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The company is currently operating its plant at 100% of its production capacity levels.
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The company has halted operations at the plant on November 6, 2020.
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The company has recently undertaken an unplanned shutdown at the unit owing to power failure.
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The international crude oil price of Indian Basket was quoted at around $40.57 per barrel on November 06, 2020.
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Butadiene prices were assessed to be higher in South Korea and China while remaining unchanged for South East Asia, Rotterdam and US Gulf as of November 06, 2020
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Naphtha prices have registered a downward movement in Europe while moving up in Japan owing to fluctuation in the markets.
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