News & Bulletin Updates

Sinopec Zhenhai Refining and Chemical Company plans to restart its Styrene Monomer (Feedstock of Polystyrene) plant in Zhenhai

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Iran's largest producers, Jam Petrochemical Company (JPC) has scheduled maintenance turnaround at high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE) plant 

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South Korea's LG Chem has planned to shut its HDPE/LLDPE swing plant for a maintenance turnaround in Yeosu facility. According to the information received  

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Saudi Basic Industries Corporation (SABIC) has recently closed its production facility of low-density polyethylene (LDPE) plant in the UK.

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Ethylene Vinyl Acetate (EVA) prices in Indian market have not undergone any fluctuation and moderate demand conditions prevailed in the market.

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The biggest Chinese producer, Tianye Chemicals has offered Polyvinyl Chloride (PVC) Suspension grade at USD 970/MT on CIF basis in India.

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The demand for Acetonitrile was observed to be positive in the Mumbai and Ahmedabad markets on Monday.

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In the Mumbai market, the price dipped on moderate demand to Rs 129/Kg for Imported Intact from Rs 130/kg excluding GST.

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The demand for Nylon 66 was good in the Indian market from the last few days, according to the market sources in Ahmedabad,

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The price trend for vinyl acetate monomer (VAM) has been moderate in the Kolkata, Chennai and Delhi market over the past few days.

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The demand for Mineral Turpentine Oil (MTO) was assessed good in the Indian market, according to market sources,  as underlying end use demand is good. 

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China-based Tianjin Soda has restarted it's acetic acid plant, According to information received from reliable sources the company has resumed operations

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TPC, The Polyolefin Company (Singapore) Pte Ltd has planned to take offline its low density polyethylene (LDPE) unit for a scheduled 

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In South East Asia, caustic soda price found no change on June 07, with the price at $535/MT on CFR basis on steady demand. 

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On Thursday, Naphtha prices went up in Europe from $638/MT to $641/MT (CIF) but the price went down in Japan from $654/MT to $648/MT (CFR)

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South Korea-based Daelim Industrial Co., Ltd. is planning to close its high density polyethylene (HDPE) production facility for a brief maintenance  

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On Thursday, Methanol price incremented  in Rotterdam from Euro 351/MT(FOB) to Euro 365/MT(FOB)  but the price noted no change

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On June 7, Crude prices rose in NW Europe from $75.36/bbl to $77.32/bbl (Brent), in US Gulf from $64.73/bbl to $65.95/bbl (WTI), in India

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Propylene prices have been moved up in US Gulf from Cent 43.75 to 45/Pound FD.Prices in India, Japan, SE Asia, China and South Korea 

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On June 7, 2018, Ethylene prices went up in India from $1220 to $1230/MT CFR, SE Asia from $1220 to $1230/MT CFR, NE Asia

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Acrylonitrile prices were found unchanged in Asian Market as well as in US Gulf and Europe chemical market on June 07, 2018.

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On Thursday, PTA price was found flat in SE Asia at $845/MT(FOB) in FE Asia at $830/MT(FOB) and in India at $850/MT(CIF)

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On Thursday, Acetone price found no change in SE Asia at $765/MT, in China at $680/ton and in NW Europe at 585 Euro/MT respectively.

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The price trend for DMF has been moderate in the Mumbai and Ahmedabad  market over the past few days, according to 

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Brunei Methanol Company Sendirian Berhad (BMC) has taken emergency shutdown at its methanol plant early this week.

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