CFR China phenol prices were assessed at the USD 695/mt levels, a week on week surge of USD 40/mt.

Deepak Fertilisers and Petrochemicals Corporation Limited, at its meeting held today, has  approved the allotment of 1,33,92,663 equity shares at a price of Rs.133 per equity share (including a premium of Rs.123 per equity share) after the finalisation of the basis of allotment of the issue, in consultation with the  BSE Limited.

As reported in our previous analysis, the price of Octanol has increased today in the Delhi market, according to trading sources.

The Ministry of Environment, Forest and Climate Change (MOEF&CC) has granted environment clearance (EC) to GAIL India Ltd.

The price of MEG has been increased by Rs. 2/kg with the new basic price of MEG being Rs. 43.90/kg.

As per sources MIBK prices have continuously increased from last week indicating a shortage of supply with a growing demand of 10%.

Dahej has announced a price revision for C10 Solvent.

PX prices have declined in the US Gulf/Rotterdam owing to the soft demand trends.

PTA prices have picked up in the Asian market.

CNOOC and Shell Petrochemicals Co (CSPC), has brought on-stream its low-density polyethylene (LDPE) unit following a turnaround.

CFR China propylene prices were assessed lower at the USD 910/mt levels, a day on day fall of USD 10/mt.

The company halted operations at the plant on October 17, 2020.

As reported in our previous analysis, the price of Aniline  has increased today in the Ahmedabad  market.

The plant has taken off-stream its Epoxy resins plant for a turnaround.

The company started maintenance at the plant on October 17, 2020.

Sinopec-SK Wuhan Petrochemical, has undertaken a planned shutdown at its cracker, in Hubei.

The company resumed operations at the plant last weekend. The plant was shut for maintenance on August 30, 2020.

The company recently halted production at the unit for maintenance.

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MTAP is a leading Japanese manufacturer of polymer flocculants and handles the production and sale of the same type of products as those to be transferred.

Mangalore Refinery & Petrochemicals Limited , in its 232nd Board meeting held on October 19

Chemical import matrix as on October 20, 2020

The international crude oil price of Indian Basket was quoted at around $41.9 per barrel on Oct 20, 2020.

Naphtha prices have been registered to drift down in Japan and Europe owing to sluggish demand trends in the region.

PET prices have been reported to be stable in South Korea, South East Asia, NE Asia, NW Europe, and the US Gulf