News & Bulletin Updates

Crude oil prices soared Thursday, posting the largest percent increase ever after US President Donald Trump said Russia and Saudi Arabia intended to end their price war by cutting yield.

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Thirumalai Chemicals shut its Phthalic anhydride (PA) plant last week.

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Butadiene (BD) prices went significantly down in China and South Korea on account of the downward in primary feedstock prices.

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Propylene prices are now moving forcefully down South Korea and China as crude oil prices crash.

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Ethylene prices have been found to continue to move down in South-East Asia, North-East Asia, and India owing to decreasing demand.

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The coronavirus episode controlled interest in a very much provided first-quarter European feedstocks showcase, however, the subsequent combination of frail LPG and naphtha costs neglected to pull in purchasers because of the more extensive financial vulnerabilities.

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Trump said at a news gathering oil industry had been "attacked", with oil costs having dived to 18-year lows in the midst of a fight for a piece of the pie between Saudi Arabia and Russia and fuel request being pummeled by coronavirus pandemic.

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Apr 01, 2020: RIL drop MX prices

Reliance Industries Ltd (RIL) has announced a downward price revision for Mix Xylene with effects from April 01, 2020. 

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Reliance Industries Limited (RIL) has revised its basic price of Toluene with effect from April 01, 2020.

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Hindustan Organic Chemicals Limited (HOCL) has declared an upward price revision for Acetone with effect from April 01, 2020. 

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Apr 01, 2020: RIL revises PVC price

Reliance Industries Limited (RIL) has announced a downward price revision for polyvinyl chloride (PVC) with immediate effect from April 1st, 2020

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Apr 01, 2020: MRPL slashes PP price

Mangalore Refinery Petrochemical Limited (MRPL) has reported a price revision for polypropylene (PP) grade with immediate effect.

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Brahmaputra Cracker and Polymer Limited (BCPL) has publicized its weekly price revision for high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE) and polypropylene (PP) grade with effective from April, 1st, 2020

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Reliance Industries Limited (RIL) has announced a price revision for polyethylene (PE) grades with effect from April 1st, 2020.

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Haldia Petrochemical Limited (HPL) and Indian Oil Corporation Limited (IOCL) has reported a price revision for polyethylene (PE) and polypropylene (PP) grade effective from April 1st, 2020.

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Apr 01, 2020: HMEL slashes PP price

HPCL-Mittal Energy Limited (HMEL) has announced a revision for polypropylene (PP) resulting in a downward movement of its price in effect from April 1st, 2020.

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ONGC Petro addition Limited (OPaL) has declared a price revision for polyethylene (PE) and polypropylene (PP) grade effective from April 1st, 2020.

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Gas Authority India Limited (GAIL) has reported price revision for polyethylene (PE) grade with effect from April 1st, 2020

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Apr 01, 2020: RIL declined PP price

Reliance Industries Limited (RIL) has announced a price revision for polypropylene (PP) grades with immediate effect

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Dhunseri Petrochem Ltd (DPL) and Indorama Ventures Limited (IVL) have announced a downward price revision for Polyethylene Terephthalate (PET) bottle-grade prices with the effect from April 1st, 2020

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What is the latest scientific forecast for Brent over the next two years, now that the virus attack is in full swing? Will it hit $10 levels, and if so, how long a time will it be for?

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Mar 31, 2020: RIL reduces PET price

Reliance Industries Ltd (RIL) has revised downward price revision for Polyethylene Terephthalate (PET) grade with effect from April 1st, 2020.

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Mar 31, 2020: MCPI shuts PTA plants

Materials Chemicals and Performance Intermediaries (MCPI), has shut its No. 1 and No. 2 purified terephthalic acid (PTA) units.

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Toluene prices drifted sharply lower across Asia. Prices tumbled, as demand continued to remain bearish coupled with a sharp fall in upstream rates, and sufficient product availability in the region.

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On Monday, PTA prices declined in Asia due to bearish upstream PX values, persistent dull regional demand trends coupled with bearish fellow polyester MEG feedstock values. Click on Details to find out by how much.

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