News & Bulletin Updates

Mostly used in paints and coatings, MX saw an upswing mid-September onward as the monsoons withdrew and the festive season stepped in.

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The company halted operations at the plant in end-September, 2020.

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After the increase last week ethylene prices were assessed flat in Asia this week.

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Shandong Shenchi Chemical has taken off-stream its propylene unit for unplanned maintenance.

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Chemplast Sanmar has restarted its Cuddalore's Polyvinyl Chloride (PVC) unit following a planned outage.

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0.8 million tonnes of assorted chemicals are slated to come into Indian ports over the next few weeks
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Oct 09, 2020: Crude prices up

The international crude oil price of Indian Basket was quoted at around $41.56 per barrel on Oct 09th, 2020.

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PVC prices in the International market remain unaffected, with prices remaining unchanged.

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Naphtha prices have moved up in Japan and Europe on account of positive buying trends in their respective countries.

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Various market traders have confirmed as of 9th October 2020

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The company halted operations at the plant on October 4, 2020.

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BPCL  has announced a price revision for MTO.

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RIL has increased their prices by Rs 0.50/kg with the new basic price of Benzene being Rs 38/kg

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The price of DEG has been cut by Rs 0.80/kg with the new basic price of DEG being Rs 37.30/kg.

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The price of MEG has been cut by Rs 1/kg with the new basic price of MEG being Rs 41.90/kg.

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MX prices have declined in the US Gulf owing to the soft demand trends.

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Toluene prices picked up in the international market as of 9th October 2020.

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The price rise was triggered by stronger demand trends in the region.

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The company is currently operating the plant at 100% of production capacity levels.

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The company is likely to halt operations at the plant on October 12, 2020.

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The company undertook an unplanned outage at the unit on October 7, 2020.

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The company is likely to complete a turnaround at the plant by mid-October, 2020.

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As per our reliable sources,they informed us that After the last Price Revision which came in effect from 1st oct 2020.

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Demand trends in major markets like China remained quiet due to the National Day holidays.

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On Thursday, despite stronger upstream naphtha values propylene prices stayed steady.

 

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