News & Bulletin Updates

Gujarat State Fertilizer & Chemicals Limited has put up an outstanding performance in the latest quarterly results

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The company halted operations at the plant in early-November, 2020.

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The international crude oil price of Indian Basket was quoted at around $39.79 per barrel on November 5th, 2020.

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On Thursday, despite stronger upstream crude and naphtha values, propylene prices were quoted to be steady in Asia.

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Ethylene prices have been static in South Korea, Japan, NE Asia, China, South East Asia and NW Europe due to a constant demand trend on Thursday.

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As per sources, acrylonitrile  prices today have increased from the previous day indicating a shortage of supply with a growing demand in the domestic market.

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On November 5, 2020, ethanol prices went down in Mumbai Port.

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Grasim Industries Limited has entered into a definite agreement with Lubrizol Advanced Materials to produce CPVC resin,

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A price revision for acetone has been announced at Dahej.

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A price revision for acetic acid has been announced at JNPT.

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Reports of improved regional demand trends and stronger isomers have resulted in Benzene prices picking up in the  international market.

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As of 5th November, 2020,  SM prices witnessed a steep rise in Japan/South Korea/Rotterdam.

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Phenol prices have declined in the Asian market owing to  soft demand trends.

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PX prices have picked up in the  international market. This price rise was triggered by stronger demand trends in the region.

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The company's revenue grew by 20% YoY and stood at Rs 1,418.47 crore from Rs 1,181.47 crore in Q1 FY20.

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The company is likely to shut the unit for maintenance next week.

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The company halted operations at the plant in early-November, 2020.

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With effect from November 05, 2020, IOCL has hiked PPHP prices by Re. 0.50/kg basic.

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On November 05, 2020, LG Chem shut its 1.6mmt/year catalytic reforming unit at Yeosu, South Korea,

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Propylene prices were assessed flat in Asia. Product availability was reported to be ample in the region.

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SABIC UK Petrochemicals has declared a force majeure (FM) on supplies of low density polyethylene (LDPE) from its plant in Wilton, UK.

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Ethylene prices were assessed steady in Asia on Wednesday.

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Sinopec Yangzi Petrochemical has taken off-stream its No. 3 polypropylene (PP) unit following a brief maintenance.

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Get the full forward looking chemical import matrix here

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