It is not just ethylene prices, another prominent feedstock material, propylene, witnessed downward pressures globally.
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Ethylene prices declined in South-East Asia, India, North-East Asia, and North-West Europe on account of diminishing demand patterns in the respected countries. This will have a spillover impact going ahead on the end price.
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Butadiene (BD) prices have been static in South Korea, China, South East Asia, Rotterdam, and US Gulf because of a steady interest pattern on Thursday.
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With OPEC at war, naphtha prices are falling and our prediction is that in sympathy with crude price drops, prices will continue to journey southwards with concomitant impact on the end price.
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There are too many uncertainties in the market just now. The coronavirus attack has upset all calculations. Demand was meant to come down but availability is also a problem, so the twin impact is still uncertain on prices but for the fact that feedstock prices are also going down as OPEC, Russia and the US get entangled in a price war. No one can keep you posted on these developments better than we can.
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The escalating crisis over coronavirus has taken yet another turn with the announcement of a wholesale travel ban by the Indian government
This has implications for the Indian petrochemical sector
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The company has paused the operations at the plant on 4th March 2020. Further details on the duration
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Caustic soda prices remained steady in North-East Asia and South-East Asia on 11 March 2020.
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The company has already begun operating from last weekend. The FM is likely to remain under force
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Monoethylene Glycol (MEG) price drops in Asia on wednesday due to dull demand trends in the region
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Styrene Monomer prices were assessed to be low in some international markets. This price drop was
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Wednesday, saw Benzene prices dropping in some international markets due to dull demand in the region
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On Wednesday, March 11, 2020, OPEC daily basket price was registered to move downward by $0.17 per barrel. It was reported to be lower at
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Were all prices rolled over or were incentive schemes introduced?
Find out what all major producers did
Also, what is the road ahead for polymer prices from here? Will PP prices go down earlier than others?
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Thailand-based TPI Polene Public Company Limited (TPIPL) has announced its latest ethylene vinyl acetate (EVA) offer to India with effect from March 12, 2020.
Click on Details for more
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It is a big unit, and it has now come on stream
Click on Details to know more
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China's PET resin manufacturer China Resources (Holdings) Co., Ltd. (CRC) has announced its latest polyethylene terephthalate (PET) offer to India today.
Find out what it is.
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MEK price has gone up from Rs 225 per kg to Rs 230 Domestic Intact in Chennai on limited stocks and
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Prices have been ruling high but not for long, it seems
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Find out why that is so, when there is a shortage of material at this juncture at the port and in the
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Hindustan Organic Chemicals Limited (HOCL) has declared a downward price revision for Acetone with effect
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On March 10, 2020, OPEC daily basket price was registered to move upward by $1 per barrel. It was cited to be higher at
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Weak feedstock demand is wreaking havoc in the market ..................................................
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Get a full perspective on what is going on in the oil & gas market as of today ............................
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After talking to a Mumbai market trader, MEK prices have decreased in Mumbai due to Fluctuation
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