The Indian rupee opened lower on Today. It was trading at 66.63 per USD against previous closing.

Latest Chemical Bulk Prices of Acetone, Aniline, Benzene, Formaldehyde, MEG, Methanol, IPA, EDC, C9 Solvent, MEK, MIBK, Phenol, MMA, Toluene, Acrylonitrile, Acetic Acid, Butyl Acetate, Butyl Cellosolve, BAM, C10, Caustic Soda, Cyclohexane, Cyclohexanone, Ethyl Acetate, Isobutanol, Mix Xylene, MTO, NBA, N-Hexane, Octanol, Propylene Glycol, Styrene Monomer, N-Propanol, Chloroform, Butyl Carbitol, Ethyl Acrylate, DMF, MDC, Ortho Xylene, VAM, Laws, Methylene Dichloride, N-butanol, MP Diol.

On May 2, 2016, Para Xylene price in South East Asia was noted higher by $5 per metric tonne to $820per metric tonne on CFR basis.

On May 2, 2016, Ortho Xylene price in South Korea was assessed higher by $30 per metric tonne.

On May 2, 2016, Mixed Xylene price in South Korea was assessed higher by $5 per metric tonne.

In India, PET prices are likely to remain stable at the prevailing rates in the near term as the demand pattern is not expected to change from the current trend.

Reliance Industries Limited (RIL) has rolled over its ex-works price for PVC this month, on account of weak demand. In similar fashion, Indianpetrochem observed from its price database, that the market price for imported PVC declined in major trading hubs across India in April month.

Saudi Arabia based SABIC has announced its latest PP offers to India. According to an industry based source, 

Saudi Arabia based SABIC has announced its latest HDPE offers to India. According to an industry based source, the source 

Saudi Arabia based SABIC has announced its latest LDPE offers to India. According to an industry based source, the price of 

Saudi Arabia based SABIC has announced its latest LLDPE offers to India. According to an industry based source, the price of LLDPE (Film) 

OPEC daily basket price on May 2, 2016 was assessed lower at USD 42.47 per barrel as compared to the price USD 42.70 per barrel on April 29, 2016.

On May 2, 2016, Crude oil price in Europe market was reported lower at $45.83 per barrel as compared to the price $47.33 per barrel on April 29, 2016.

On May 2, 2016, Crude oil price in Middle East was noted lower at $43.31 per barrel as compared to the price $43.96 per barrel on April 29, 2016.

On May 2, 2016, Styrene Monomer (SM) price in South Korea was assessed marginally higher at USD 1050 per metric tonne on FOB basis as compared to the price USD 1045 per metric tonne on April 29, 2016.

On May 2, 2016, Propylene price in North West Europe (NWE) was reported lower at Euro 585 per metric tonne on CIF basis as compared to the price 

On May 2, 2016, Ethylene price in North West Europe (NWE) was reported significantly higher at USD 1065 per metric tonne on CIF basis as 

On May 2, 2016, Ethylene price in North East Asia (NEA) was reported to remain unchanged at USD 1190 per metric tonne on a CFR basis 

Taiwan based Shinkong Synthetic Fibers Corporation (SSFC) has planned to resume its Polybutylene terephthalate (PBT) unit.

The International Crude Oil price of Indian Basket as assessed by (PPAC) under the Ministry of Petroleum and Natural Gas was quoted at USD 44.59 per barrel on May 2, 2016.

Japan based Tokuyama Corporation is planning to shut its Isopropyl alcohol (IPA) unit.

Latest Chemical Bulk Prices of Acetone, Aniline, Benzene, Formaldehyde, MEG, Methanol, IPA, EDC, C9 Solvent, MEK, MIBK, Phenol, MMA, Toluene, Acrylonitrile, Acetic Acid, Butyl Acetate, Butyl Cellosolve, BAM, C10, Caustic Soda, Cyclohexane, Cyclohexanone, Ethyl Acetate, Isobutanol, Mix Xylene, MTO, NBA, N-Hexane, Octanol, Propylene Glycol, Styrene Monomer, N-Propanol, Chloroform, Butyl Carbitol, Ethyl Acrylate, DMF, MDC, Ortho Xylene, VAM, Laws, Methylene Dichloride, N-butanol, MP Diol.

China based Fujian Refining & Petrochemical Company Limited (FREP) has declared to go offline its Butadiene (BD) unit.

Saudi Arabia based Rabigh Refining and Petrochemical Company (Petro Rabigh) has announced to start its new Pheno/Acetone unit.

Braskem and IDESA are starting its ethane cracker. According to information received from an industry-based source, the company has planned to