On Friday, Ethylene Dichloride (EDC) prices registered lower in China, Far East Asia, and South-East Asia, owing to inactive demand.

Propylene prices continued to move inexorably downwards in Japan, South East Asia, India and North-West Europe.

Ethylene prices are now moving forcefully down in South-East Asia, India, North-East Asia, North-West Europe, and US Gulf.

Oil prices continued to fall on Monday, threatened by both the virus attack and the collapse of the OPEC cartel.

Butadiene (BD) prices went down significantly in Europe on account of depressed demand.

On Monday, Asian naphtha prices were down 17% from close on March 21. This is likely to have an add-on negative impact on end prices.

There is a lockdown currently in place in major cities where petrochemicals are traded.
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Hindustan Organic Chemicals Limited (HOCL) has declared a downward price revision for Acetone with effect from March 21, 2020.

Reliance Industries Limited (RIL), JBF Industries Limited and Dhunseri Petrochem Ltd (DPL) have announced a downward price revision for Polyethylene Terephthalate (PET) bottle-grade prices with the effect from March 23, 2020

The city of Mumbai is under shut down as of now, with orders from the government to work from home. And this is having all kinds of repercussions in the chemical and petrochemical market.

Friday saw N-Butanol prices remain unchanged, click on Details for more

Purified Terephthalic Acid prices fell in India and Asia. Click on Details for more

Meanwhile, MEG prices dropped on Tuesday in Asia due to dull demand in the region.l. Click on Details for more

The city of Mumbai is under shut down as of now, with orders from the government to work from home. 

MEG prices have fallen in Mumbai due to lackluster demand and extra stock availability. Click on Details for more

Celanese Corporation is probably going to shut its ethanoic acid plants for a quick turnaround. Click on details to find out more

BP Zhuhai, a part of BP PLC, has packed up its No. 3 purified terephthalic acid (PTA) plant for a maintenance turnaround. Click on Details to find out how long it is going to stay offstream.

The company postponed the restart of the plant to March 2020. The plant was pulled up for unplanned maintenance work on 5 February 2020, and was supposed to start in early march 2020. Click on Details for more

Paraxylene prices were reported down in the international market.This price fall was in line with bearish

The run on IPA, which is used for sanitizers, has led to a severe shortage of the material. “Stocks have run out everywhere, it seems, even as prices have skyrocketed,” a trader told this website. Click on Details

Mixed-Xylene prices fell in the US Gulf market. This fall was a result of dull buying trends and weak

Toluene prices dropped in Asia. The price fell due to bearish upstream cues from crude and gasoline

Benzene's prices have weakened in the market. Click on Details for more

Ethylene prices have moved down in North-West Europe while remaining unchanged in Asia and the US.

Haldia Petrochemicals Limited (HPL) has reported a price revision for Polypropylene (PP) and polyethylene (PE) grade with effect from March 19, 2020.

RIL has a giant crude to chemical game plan
It is extremely ambitious in its scale

Production margins were hovering at multi-year lows in early July as oversupply continues to pressure the polyester chain.

The prices of almost all the petrochemical products discussed under pressure had declined in the broad range of 0.3%-29% y-o-y in FY20.

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