Chemical Market Update






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Latest News

  • SM & Toluene Market Updates keyboard_arrow_down
    Styrene Monomer

    On Tuesday, SM prices edged lower in Asia. Weaker buying sentiments and a fall in upstream benzene rates, together supported the price drop.

    FOB Korea SM prices went down at USD 800/mt levels, a fall of USD 5/mt from Monday’s levels.
    CFR China prices were assessed down at USD 820/mt levels, a decline of USD 5/mt day on day level.

    Toluene

    On Tuesday, Toluene prices tend to direct downward in Asia. The price fall was made dull regional demand trends in China.

    FOB Korea Toluene prices assessed down at USD 600/mt levels, slides by USD 5/mt from Monday’s assessed levels.
    CFR China Toluene prices went down at USD 615/mt levels, a drop of USD 5/mt level day on day.
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  • Phenol & Acetone Values Escalates In Asia keyboard_arrow_down
    In spite stronger benzene values, phenol prices edged higher in some parts of Asia, this week.

    CFR South East Asia prices went up at USD 905/mt levels, an increase of USD 5/mt week on week levels.
    CFR China Phenol prices continued to remain flat at USD 920/mt levels.

    FOB Korea Benzene prices assessed at the USD 665/mt levels on Tuesday, a week on week rise of USD 20/mt.

    Acetone prices also gained in some parts of Asia. The price gain improved buying sentiments and limited product availability.

    CFR South East Asia Acetone prices went up at USD 620/mt levels, a rise of USD 5/mt from the last week.
    CFR China prices were assessed at USD 625/mt levels, remaied unchanged from the last week. Demand trends continued to remain dull in the region.
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  • MMA, ACN & Methanol Plant News keyboard_arrow_down
    💧 Shandong Hongxu Chemical has undertaken its Methyl Methacrylate (MMA) plant for an unplanned shutdown.
    As per sources, the company has shut its operations at the plant on 15 February 2020. The exact date and duration of the shutdown are been undisclosed.
    The plant has a production capacity of 75,000 mt/year. Located at Dongying in Shandong, China.

    💧 Ineos Nitriles schedules to put its Acrylonitrile (ACN) plant off-stream.
    Sources say the company might shut its operations at the plant on 2 March 2020 for a maintenance turnaround. The plant will probably remain off for around a week.
    The production capacity of an ACN plant is 100,00 mt/year. Located in Dormagen, Germany.

    💧 Celanese Corporation has planned to take its Methanol unit offline in Clear Lake, Texas.
    Sources believe, the company has started its turnaround at the unit in early February 2020. The unit will probably recommence the production in mid-March 2020.
    The unit has a production capacity of 1.3 million mt/year. Located in Clear Lake, Texas, the U.S.
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  • Polypropylene Plant News keyboard_arrow_down
    💧 Sinopec Beihai has put its Polypropylene (PP) unit offline for maintenance purposes.
    As per the sources, the company has pulled up its operations at the PP unit in the mid of February 2020. The unit is expected to remain off for about three months.
    The production capacity of a PP unit is 200,000 mt/year. Located in Beihai, Guangxi, China.


    💧 Xuzhou Haitian has recommenced its Polypropylene (PP) plant which was under maintenance.
    Sources say the company has resumed its operations at the plant on 17 February 2020. The plant was pulled up in early February 2020.
    The PP plant has a production capacity of 200,000 mt/year. Located at Xuzhou, in Jiangsu province of China.


    💧 North Huajin Chemical Industry has resumed its No. 2 Polypropylene (PP) unit following a maintenance turnaround.
    Sources believe, the company has restarted its operations at the plant on 16 February 2020. The plant was pulled up for maintenance on 8 February 2020.
    The unit has a production capacity of 50,000 mt/year. Located in the Liaoning province of China.
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  • Market Views As On 18-02-2020 keyboard_arrow_down
    Acetone and Phenol prices are expected to upsurge as the major international plants are shut down.

    Acetone current market rates at Ex Deepak Phenolics are ₹64.00/Kgs and is expected to up at ₹68.00/Kgs.
    Phenol current market rates are ₹76.00/Kgs and are expected to go up at ₹80.00/Kgs.

    The outbreak of coronavirus has caused disruption in transportation in order to that theres been raise in freight charges. To that, there is no shipment and thus increases the price in the market. Citric Acid is at ₹81/Kgs in today's date.
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  • Market Updates As On 18-02-2020 keyboard_arrow_down
    Benzene

    On Monday, Benzene prices edged higher in Asia. The price rise made firmer upstream crude rates and also rose downstream SM values.

    FOB Korea Benzene prices went up at USD 670/mt levels, a rise of USD 15/mt from last Friday’s levels.
    FOB Korea SM prices were assessed higher at USD 805/mt levels, a rise of USD 5/mt on the day.

    SM

    In Asia, SM prices direct upwards on Monday. Prices climbed and made stronger upstream crude and benzene values, it also improved regional demand trends.

    FOB Korea SM prices went up at USD 805/mt levels, a gain of USD 5/mt from last Friday’s levels.
    CFR China prices were assessed up at USD 825/mt levels, an increase of USD 5/mt on the day.

    Ethylene

    In spite of stronger upstream crude rates, ethylene prices managed to remain flat in Asia. Buying sentiments continued to remain dull in key markets like China.

    CFR North East Asia Ethylene prices were at USD 800/mt levels, while CFR South East Asia Ethylene prices were assessed at USD 775/mt levels, both unchanged from last Friday’s levels.
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  • Plant News As On 18-02-2020 keyboard_arrow_down
    💧 Fund Energy has undertaken its Monoethylene Glycol (MEG) unit offline for maintenance purposes.
    As per the sources, the company has shut its unit on 17 February 2020. The unit is expected to remain off for around a week.
    The MEG unit has a production capacity of 500,000 mt/year. Located at Ningbo, Zhejiang, China.

    💧 Zagros Petrochemicals has resumed its No. 1 Methanol plant following an unplanned shutdown.
    Sources say the company recommenced the operations at the plant on 16 February 2020. The plant was pulled up on 11 January 2020 due to the feedstock natural gas unavailability.
    The No. 1 plant has a production capacity of 16,50,000 mt/year. Located in Assaluyeh, Iran.

    💧 Formosa Chemicals & Fibre Corp (FCFC) is likely to pull up its Styrene Monomer unit for no apparent reason.
    Sources believe, the company will probably halt the operations at the unit early this week owing to technical issues. The exact duration of the shutdown is not been divulged.
    The No. 3 SM unit has a production capacity of 720,000 mt/year. Located in Mailiao, Taiwan.

    💧 CNOOC and Shell Petrochemicals Co (CSPC) has put its No. 2 Polypropylene unit offline in Guangdong.
    As per the sources, the company has undertaken an unplanned halt at the unit on 14 February 2020. Further details on the duration of a shutdown are been undisclosed.
    The No. 2 PP unit has a production capacity of 400,000 mt/year. Located in Guangdong province of China.
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  • Crude Oil Edged Higher on Friday keyboard_arrow_down
    Crude oil prices direct towards north on Friday, on revival sentiments surrounding the concerns related to the deadly coronavirus outbreak in China.

    Brent crude rose by 1.74 percent making it at $57.32/barrel, whereas WTI futures rose by 1.23 percent making it at $52.05/barrel.

    As factories in China are reopening in the world’s second-largest economy, market sentiments will tend to recover.
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  • Benzene & Tolune Prices Stumble In Asia keyboard_arrow_down
    Benzene

    In spite of week on week rise in upstream energy values, benzene prices edged lower in Asia last week. The price fall made dull buying trends in major markets like China.

    FOB Korea Benzene prices were assessed at USD 655/mt On Friday, a fall of USD 20/mt week on week levels.

    Toluene

    Toluene prices tend to direct downwards last week in Asia. As demand trends in key markets like China continued to remain inactive due to the outbreak of deadly Coronavirus.

    FOB Korea Toluene prices were at USD 590/mt levels On Friday, whereas CFR China Toluene prices went down at USD 605/mt levels, tumbled USD 5/mt from the last week.

    CFR South East Asia prices were at USD 640/mt levels, a decline of USD 20/mt week on week levels.
    CFR India prices were assessed at USD 665/mt levels, a fall of USD 25/mt from the last week.
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  • MIBK & Propylene Plant News As On 17-02-2020 keyboard_arrow_down
    💧 LCY Chemical Corp schedules to recommence its Methyl Isobutyl Ketone (MIBK) plant.
    As per the sources, the company is likely to restart is operations at the plant by end of February 2020. The plant was pulled up in the second week of February 2020 owing to transportation disruption caused by the outbreak of coronavirus in the Wuhan region.
    The plant has a production capacity of 40,000 mt/year. Located in Jiangsu, China.

    💧 Shandong Shenchi Chemical plans to resume its No. 1 propylene unit following a turnaround.
    Sources says, the company will probably begin its operations at the plant by last week of February 2020. The plant was put on halt for maintenance purpose on 10 January 2020.
    The No. 1 plant has a production capacity of 200,000 mt/year. Located at Dongying, in Shandong province of China.
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  • Phenol Basic Price changes of HOCL keyboard_arrow_down
    Basic Price Change As On 15-02-2020


    HOCL


    PHENOL Basic Price Increased By ₹1/kg, New Basic Price ₹81/kg+GST in Tanker Load Ex plant.
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  • Market Updates As On 15-02-2020 keyboard_arrow_down
    SM

    This week, SM prices edged lower in Asia. The price drop made weaker upstream benzene rates, along with dull demand trends in key markets like China.

    FOB Korea SM prices were at USD 800/mt levels, whereas CFR China prices were at the USD 820/mt levels, both fell by USD 30/mt from the last week.
    CFR India prices were at USD 815/mt levels, a drop of USD 25/mt on the week.
    CFR South East Asia SM prices were at USD 805/mt levels, a slide of USD 40/mt week on week levels.

    FOB Korea Benzene prices assessed lower at USD 655/mt levels on Friday, a week on week decline of USD 20/mt.

    Ethylene

    In Asia, Ethylene prices plunged this week. Prices drop made demand trend continued to stay dull in China, following the outbreak of deadly Coronavirus. The price fall was further supported by weaker downstream PE demand and pricing trends.

    CFR North East Asia Ethylene prices were assessed lower USD 730/mt level, a major drop of USD 80/mt from the last week.
    CFR South East Asia prices went down at USD 740/mt levels, a fall of USD 50/mt week on week levels.

    Propylene

    In Asia, despite a week on week gain in upstream energy values and limited product avails, propylene prices direct downwards this week.
    FOB Korea Propylene prices were assessed at USD 765/mt levels, whereas CFR China Propylene prices were at USD 770/mt levels, both fell by USD 50/mt from the last week.
    CFR South East Asia Propylene prices went down at USD 830/mt levels, a drop of USD 70/mt week on week levels.
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  • Chemicals Import Booking Prices keyboard_arrow_down
    Chemicals Import Booking Prices



    toluene, Mix xylene,benzene cfr import prices
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  • Plant News As On 15-02-2020 keyboard_arrow_down
    💧 BASF Petronas Chemicals has set its Acrylic Acid (AA) plant offline in Gebeng, Kuantan for no apparent reason.
    As per the sources, the company has pulled up its operations at the plant on 7 February 2020 owing to technical issues. The plant is expected to remain off for about a week.
    The plant has a production capacity of 160,000 tonnes/year. Located in Gebeng at Kuantan, Indonesia.

    💧 Jiangmen Handsome Chemical Development reschedules to keep its ethyl acetate (Etac) plant shut for an unspecified period.
    Sources say the company has delayed the beginning process of the plant following a maintenance turnaround due to insufficient feedstock availability. The plant was shut for maintenance on 23 January 2020 for about 10-14 days.
    The Etac plant has a production capacity of 350,000 mt/year. Located at Jiangmen in Guangdong, China.

    💧 Nanjing Chengzhi has shut its Butadiene (BD) unit for no apparent reason.
    Sources tend to believe the company has pulled up its operations at the unit on 10 February 2020. The exact duration of the shutdown is not been ascertained.
    The unit has a production capacity of 100,000 mt/year. Located at Nanjing in Jiangsu, China.

    💧 Tosoh has reduced the production capacity of its Polyvinyl Chloride (PVC) unit owing to partial maintenance.
    As per sources, the company is presently running its unit around 50% of production capacity levels.
    The unit has a production capacity of 250,000 mt/year. Located in Yokkaichi, Japan.

    💧 Asia Polymer Corp (APC) is likely to shut its Ethylene Vinyl Acetate plant due to insufficient feedstock availability.
    Sources say the company will probably halt its operations at the plant in March 2020 for around 8-10 days. The exact duration of the shutdown is not been ascertained.
    The EVA plant has a production capacity of 150,000 mt/year. Located in Kaohshiung, Taiwan.
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  • Basic Price Change As On 15-02-2020 keyboard_arrow_down
    Reliance

    DEG Basic Price Decreased By ₹2.60/kg+GST, New Basic Price ₹44.10/kg+GST
    ( Validate up to 21 Feb)

    GNFC

    Acetic Acid Basic Price Increased By ₹1.01/kg+GST, New Basic Price ₹32.47/kg+GST
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  • IPA, MIBK, Acetone Market Views keyboard_arrow_down
    💧 IPA

    IPA prices may surge up by ₹3.00 to ₹4.00/Kg on next Monday.
    The current market rates are ₹69.00/Kg+GST.

    💧 MIBK

    MIBK prices are expected to rise on coming Monday around ₹80.00/Kg.
    The current market rates are ₹75.00/Kg+GST.

    💧 Acetone

    The current market rates of Acetone are at ₹64.75/Kg+GST, but are expected to go up by atleast ₹2.00/Kg.
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  • Market Updates As On 14-02-2020 keyboard_arrow_down
    Toluene

    On Thursday, Toluene edged higher in Asia. Prices rise made stronger upstream crude and gasoline rates.

    FOB Korea Toluene prices went up at USD 590/mt levels, a gain of USD 5/mt on a day to day level.
    CFR China Toluene prices assessed higher at USD 605/mt levels, a rise of USD 10/mt from Wednesday’s level.

    Benzene

    On Thursday, Benzene prices tend to go higher in Asia. On the back, firmer upstream crude values and rise in downstream SM rates were recorded.

    FOB Korea Benzene prices rose up at USD 660/mt levels, an increase of USD 5/mt day on day levels.
    FOB Korea SM prices assessed higher at USD 805/mt levels on Thursday, a rise of USD 5/mt from Wednesday.

    Propylene

    On Thursday, despite firmer upstream crude and naphtha values, Propylene prices managed to remain steady in Asia. On Wednesday, Demand trends were reported dull across the Asian regions.

    FOB Korea Propylene prices were assessed at USD 765/mt levels, while CFR China Propylene prices were assessed at USD 770/mt levels, both unchanged from Wednesday’s levels.
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  • Plant News As On 14-02-2020 keyboard_arrow_down
    💧 Shandong Yankuang Guohong Chemical Company has apparently reduced the production capacity of its Methanol plant.
    As per the sources, the company at present is operating the plant at around 70-50% of production capacity levels.
    The production capacity of a plant is 500,000 mt/. Located in Shandong province, China.

    💧 Jiangsu Sailboat Petrochemical has placed its Acrylonitrile (ACN) unit offline for no apparent reason.
    Sources say the company has pulled up its operations at the unit on 12 February 2020. Further details on the duration of an unplanned outage are been undisclosed.
    The No. 2 unit has a production capacity of 85,000 mt/year. Located in Lianyungang in the eastern province, China.

    💧 Kellin Chemicals, a subsidiary of Feixiang Group got started its Isopropanol (IPA) plant for maintenance purposes.
    Sources tend to believe the company has restarted its operations at the plant on 13 February 2020. The plant was pulled up on 5 January 2020.
    The acetone-based plant has a production capacity of 120,000 mt/year. Located at Zhangjiagang in Jiangsu province of China.

    💧 Tasco Chemical has planned to shut down its Maleic anhydride (MA) unit.
    As per the sources, the company has started a turnaround at the unit on 10 February 2020. The plant will probably remain off for about a week or two.
    The unit has a production capacity of 35,000 mt/year. Located in Kaohsiung, Taiwan.
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  • Outage At Ethyl Acrylate Unit Of Shenyang Paraffin keyboard_arrow_down
    💧 Shenyang Paraffin Chemical has put its Ethyl Acrylate unit offline for maintenance purposes.
    As per the sources, the company pulled up its operations at the unit on 4 February 2020. Further details on the duration of a shutdown are been undisclosed.
    The unit has a production capacity of 25,000 mt/year. Located at Shenyang in Liaoning province of China.
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  • Market Updates As On 13-02-2020 keyboard_arrow_down
    Ethylene

    On Wednesday, Ethylene prices were edged lower in some prominent parts of Asia. Prices fall made buying sentiments to remain dull in major markets like China, along with weaker downstream PE demand and pricing trends.

    CFR North East Asia Ethylene prices went down at USD 760/mt levels, a mild fall of USD 10/mt day on day levels.
    CFR South East Asia Ethylene prices assessed to remain steady at USD 755/mt levels.

    SM & Propylene

    Despite higher upstream crude and benzene values, SM & Propylene prices continued to remain stable in Asia on Wednesday.

    FOB Korea SM prices were at USD 800/mt levels and FOB Korea Propylene at USD 765/mt levels, both remain unchanged from Tuesday’s assessed levels.
    Whereas, CFR China SM & Propylene prices remained steady at USD 820/mt and USD 770/mt respectively.

    MEG

    In Asia on Wednesday, MEG prices were assessed steady. In spite of lower upstream costs and poor buying sentiments in China.
    CFR China MEG prices were at USD 525/mt levels, unchanged from Tuesday’s assessed levels.
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