Indian Oil Corporation has announced price revision for polymer wef November 1, 2020.

As predicted, major domestic producer Reliance Industries Limited has increased the rate of PE in the domestic market wef November 1, 2020

The price revision are:

Supreme Petrochemicals Limited (SPL) has raised polystyrene prices in the domestic market.

Reliance Industries Limited has announced an increase in local PP prices wef November 1, 

2020.

Reliance Industries Limited has announced a hike in local PVC prices wef November 1, 2020.

Major domestic producers have increased PET prices wef November 1, 2020.

As of 31st October, 2020 IPA prices have declined in the Mumbai market owing to soft demand trends.

As of 31st October, 2020 PTA prices tumbled in Asia this week.

As of 31st October, 2020 Acrylonitrile prices slipped in the domestic market despite high upstreams costs.

The international crude oil price of Indian Basket was quoted at around $39.07 per barrel on October 31st, 2020

As of  Oct 31st 2020, Naphtha prices fell significantly in Japan owing to lackluster demand trends in the region.

EDC Prices were assessed up on Oct 31, 2020.

Hazira has announced a price revision for DEG.

JNPT has announced a price revision for acetone.

As per our analysts, GSFC has announced a price revision for Cyclohexane.

Acrylonitrile prices picked up in the US Gulf and MED market.

Despite high upstream costs, Toluene prices slipped in the international market.

Methanol price picked up in some international markets on the back of strong demand trends.

The company is likely to operate the unit at curtailed capacity levels until November 2020 owing to technical issues.

The company is likely to resume operations at the unit by November 9, 2020.

Bearish buying trends in major markets like China and ample product availability, coupled with a week on week plunge in upstream crude and naphtha values, together pressured propylene prices lower in Asia.

Korea Kumho Petrochemical Co (KKPC), is in plans to take off-stream a Polystyrene (PS) unit.

A sharp week on week drop in upstream crude and naphtha rates, has further supported the price fall.

Thai Polyethylene Co, a subsidiary of Siam Cement Group is in plans to shut its high density polyethylene (HDPE) plant.

Get the as-of-yesterday chemical import matrix into India