News & Bulletin Updates

As per our analysts GSFC has announced a price revision for Cyclohexane as of 1st September 2020.

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As of 1st Sept 2020, DOP prices were seen to be dropping in the international market.

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Our analysts have reported that Mixed Xylene (MX) and Benzene prices have declined in the US Gulf owing to soft demand trends in the region.

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According to a source the company has planned to commence a turnaround at the plant on September 1, 2020. The plant is likely to remain off-line for about one month.

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The company is likely to shut the plant for maintenance on September 1, 2020.

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Price announcements were made by HPL, GAIL, BPCL, Supreme and OPaL

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As of 29th August 2020, Dollar opened at Rs 73.24 and is trading up as of now

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Announcements involve PP, PE, PET and PVC prices

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Aug 31, 2020: Crude Oil overview

As of 23st July 2020, Crude oil prices went down for Indian Basket, OPEC, North-West Europe and the US Gulf.

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As per our analysts, Naphtha prices have registered an upward movement in Europe while the prices of Japan have no change in the markets.

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As of 31st August 2020, Butadiene (BD) prices remain unchanged for South Korea, Rotterdam, US Gulf, SE Asia and China due to steady demand patterns in the region.

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As of  31st August 2020, Methanol price picks up in the international market on the back of strong demand trends in the region.

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As of 31st August 2020, OX prices have seen a gradual rise in Korea and Rotterdam on the back of improved buying sentiments in the region.

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As per our analysts, Acetone prices have drifted down in the Mumbai market.

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After talking to a trader in Ahmedabad our analyst has reported that SM prices are down because of less demand.

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Our analysts after talking to various sources in the market have given price predictions for PP, HDPE, LLDPE, LDPE, PVC and PET for 1st September 2020.

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As per our analysts, a major US refinery sustains damage due to Hurricane Laura.

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As of 29th August 2020, Dollar opened at Rs 73.25 as informed by our analyst.

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With the new regulation put in place after the border clash between China and India, Indian refiners have refused to deal with China-linked companies for Crude oil import.

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As of 31th August 2020 our analysts have informed us that Gujarat Alkalies and Chemicals Limited (GACL) is planning a mega expansion plan with respect to chemicals such as Caustic Soda, Chloromethanes, Phosphoric Acid, Hydrazine Hydrate and Chlorotoluene.

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As of 31th August 2020, our analysts have informed us that a major international producer has halted operations at its Acrylonitrile plant on August 28, 2019.

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According to our sources, a major CHinese producer shuts its PVC unit for maintenance.

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As per our analysts Hazira has announced a price revision for BAM as of 31st  August 2020.

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As per our analysts HCL has announced a price revision for Acetone as of 31st August 2020.

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The company halted operations at the units on August 26, 2020 as a safety measure ahead of hurricane laura.

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