News & Bulletin Updates

The demand for EDC was assessed as good in the Indian market, according to market sources, as underlying end use demand is active

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The demand for Methanol during the month in Mumbai was up because the supply was less right now, but since June shipments

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Huntsman is in plans to restart an ethylene unit following a turnaround in Port Neches, Texas, US. According to information

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Propylene prices drifted lower in the international market which in turn impacted domestic prices. On Monday, in India,

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Daqing Petrochemical Company in China is planning to shut its Acrylonitrile Butadiene Styrene (ABS) plant for maintenance

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Maruzen Petrochemicals Company Limited is preparing to restart its 115 ktpa monoethylene glycol (MEG) plant in Japan.

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Demand for Polycarbonate (PC) has been moderate in Indian markets and there have been no major changes in prices.

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Phthalic Anhydride (PAN) demand is sluggish in India and this has skewed the market dynamics, favouring a fall in prices for the chemical in India.

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China’s Jilin Petrochemical is planning to restart itsa Methyl Isobutyl Ketone (MIBK) plant following a maintenance turnaround by end of June, 2018.

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Monoethylene Glycol prices were found flat in Europe, South East Asia, China and India on June 19, 2018. The following prices were recorded:

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Acrylonitrile price inched up in US Gulf and Europe from$1955/MT FOB to $1995/MT FOB and from $2000/MT CIF to $2015/MT CIF.

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On Monday, PTA prices moved down in SE Asia from $855/MT to $850/MT in FE Asia from $835/MT to $830/MT and in India from $860/MT.

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On June 18, 2018, VCM prices remained steady in Far East Asia at $710/MT (CFR), South East Asia at $740/MT (CFR), China at $710/MT (CFR),

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In South East Asia and North East Asia, caustic soda prices stayed steady on June 18 at $490/MT CFR and $491/MT FOB basis, 

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On Monday, Crude prices rose in NW Europe from $73.44/bbl to $75.34/bbl (Brent), in US Gulf from $65.06/bbl to $65.95/bbl

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On Monday, Methanol price was found flat in India at USD 380/MT(CFR), South Korea at USD 423/MT (CFR), SE Asia from $426/tonne(CFR),

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On Monday, Phenol prices remained steady in SE Asia, China and NW Europe at $1340/MT(CFR), $1275/MT(CFR) and 1170 Euro/MT respectively.

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On Monday, EDC prices remained steady in Far East Asia at $335/MT (CFR), South East Asia at $325/MT (CFR), China at 335/MT (CFR)

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On June 18, naphtha prices went down in Japan from $659/MT to $625/MT (CFR), in Singapore from $71.90/bbl to $68.44/bbl

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Taiwan-based Nan Ya Plastics Corporation has planned to restart its Monoethylene glycol (MEG) plant after complete maintenance  work

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China's Sinopec Anqing Company is planning to restart its production facility of No.2 Acrylonitrile (ACN) plant in 

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Acrylonitrile prices were found to have increased in FE Asia, and SE Asia on June 16, 2018. The following prices were recorded: 

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In the International chemical market, Acrylonitrile prices have  registered no change on June 16, 2018. The price of US 

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Indian’s DCW restarted its PVC plant last week in Sahupuram, Tamilnadu, following an unplanned shutdown late May.

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Evonik Degussa (China) is in plans to restart a Methyl methacrylate (MMA) unit following a turnaround.

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