Our analysts have assessed the price of PVC to be stable in the international market which is expected to reflect in the domestic market.

Haldia Petrochemical Limited (HPL),a flagship company of The Chatterjee Group (TCG) along with global equity firm Rhone capital has acquired majority stake at US based Lummus Technology.

As of 2nd July 2020, Acetone prices have increased in Chennai as per our source.

The prices of both 2EH and NBA were increased by Andhra Petro.

Our Analysts have informed us that Hindustan Organic Chemicals Limited (HOCL) has announced an upward price revision for Acetone with effect from July 02, 2020.

As per our sources, many products are stuck at the Kandla Port because of the new tensions brewing between China and India.

Shenhua Ningxia Coal Industry has undertaken a planned shutdown at its No.1 Polypropylene (PP) unit.

Formosa Petrochemical Corporation (FPCC), is likely to undertake a planned maintenance shutdown at its No.3 cracker unit by mid-August 2020 as reported by our analyst.

Our analysts have reported that despite higher upstream crude and naphtha values, ethylene prices were assessed to be flat in Asia on Wednesday.

SK Global Chemical (SKGC)is likely to resume operations at the plant by early-July, 2020.

Wednesday saw PP prices remaining stable in spite of strong upstream trends prevalent in the market.

Formosa Petrochemical Corp (FPCC) is expected to start a turnaround at its Group II base oils unit by end-July 2020.

Polychem is likely to halt operations at its monoethylene glycol (MEG) unitfor catalyst change work in early-July, 2020.

Formosa Chemical and Fibre Corp (FCFC) is likely to have a complete turnaround at its Styrene monomer (SM) unit by early-July, 2020.

Para Xylene (PX) prices climbed marginally in the South - East Asian and South Korean markets.

Acetone and Phenol prices on 2nd July 2020 were recorded to be high in China and SE Asia.

Our analysts have informed us that Benzene as of 2nd July 2020 has recorded a price rise in India, South Korea and Japan.

Ningbo Keyuan is likely to have a complete turnaround at its Styrene Monomer (SM) plant by early-July, 2020.

As of 1st July 2020, RIL, GAIL,HPL, IOCL, OPal and BCPL have announced a rate revision as reported by our analysts.

As predicted by our analysts, RIL has raised prices as under.

Benzene prices recorded a price drop in the Asian market according to our analysts as of 1st July 2020.

Our analysts have reported that Toluene prices have risen in some parts of the international market.

MX prices climbed in the US Gulf region on the back  of limited product availability and strong demands as reported by our analysts.

Para Xylene (PX) prices climbed marginally in the US Gulf and Rotterdam market as reported by our analysts.

As of 1st July 2020, the domestic chemical market prices have been on an upward trend.