Reliance Industries Ltd (RIL) has revised downward price revision for Polyethylene Terephthalate (PET) grade with effect from March 14, 2020.

The company commenced turnaround at the plant on March 12, 2020. The plant is expected to remain

One of the largest suppliers of PET plans to conduct scheduled maintenance but that is some time from now, immediately there will be no worries oversupply from it.

The unit went down for a week but output has been restored.

The company restarted its operations at the plant on 9 March 2020. The plant was pulled up for

On Thursday, Purified Terephthalic Acid prices fell in Asia.

Monoethylene Glycol (MEG) price drops in Asia on Thursday due to dull demand trend in regions like

The company has already started the operation at the unit on 9th March 2020 after being offline for

The price for Acrylonitrile was reported to be down in the international market on Thursday due to

Para Xylene prices have decreased in the international market on Thursday, due to soft buying trends

Fresh prices have been offered for March/April deliveries. Click on Read more

On Thursday, Phenol prices were assessed to be down in the NW Europe market. The price drop was a

It is not just ethylene prices, another prominent feedstock material, propylene, witnessed downward pressures globally.

Ethylene prices declined in South-East Asia, India, North-East Asia, and North-West Europe on account of diminishing demand patterns in the respected countries. This will have a spillover impact going ahead on the end price.

Butadiene (BD) prices have been static in South Korea, China, South East Asia, Rotterdam, and US Gulf because of a steady interest pattern on Thursday.

With OPEC at war, naphtha prices are falling and our prediction is that in sympathy with crude price drops, prices will continue to journey southwards with concomitant impact on the end price.

There are too many uncertainties in the market just now. The coronavirus attack has upset all calculations. Demand was meant to come down but availability is also a problem, so the twin impact is still uncertain on prices but for the fact that feedstock prices are also going down as OPEC, Russia and the US get entangled in a price war. No one can keep you posted on these developments better than we can.

The escalating crisis over coronavirus has taken yet another turn with the announcement of a wholesale travel ban by the Indian government
This has implications for the Indian petrochemical sector

The company has paused the operations at the plant on 4th March 2020. Further details on the duration

Caustic soda prices remained steady in North-East Asia and South-East Asia on 11 March 2020.

The company has already begun operating from last weekend. The FM is likely to remain under force

Monoethylene Glycol (MEG) price drops in Asia on wednesday due to dull demand trends in the region

Styrene Monomer prices were assessed to be low in some international markets. This price drop was

Wednesday, saw Benzene prices dropping in some international markets due to dull demand in the region

On Wednesday, March 11, 2020, OPEC daily basket price was registered to move downward by $0.17 per barrel. It was reported to be lower at