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Latest News

  • 💡 Market updates keyboard_arrow_down
    Butyl Glycol Ether present Market price ₹65/Kg + GST. ⬆ Login to Read More
  • Basic Price changes w.e.f today 16/12/2019 keyboard_arrow_down
    RELIANCE

    Toluene price increased by ₹2.00/kg, New basic price, ₹59/kg+GST, Tanker Load, Ex Plant

    Mix Xylene price increased by ₹2.40/kg, New basic price, ₹51/kg+GST, Tanker Load, Ex Plant.
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  • Plant News as on today 16-12-2019 keyboard_arrow_down
    MEG Plant News

    Sharq Eastern Petrochemical Company intends to resume the operations of its No.3 Monoethlyene Glycol (MEG) plant in Jubail, Saudi Arabia in end-December 2019 which was inoperative from 24th November 2019 amid a maintenance turnaround. The No. 3 MEG plant gives an output of 4,50,000 mt/year.


    BPA Plant News

    Nan Ya Plastics has planned to resume the operations of its Bisphenol A (BPA) unit in Mailiao, Taiwan in end-December 2019 which remained inoperative from mid-November 2019 for maintenance. The BPA unit gives an output of 4,50,000 mt/year.


    MTBE Plant News

    Huizhou Yussen Chemical has planned to pause the operations of its Methyl Tertiary Butyl Ether (MTBE) plant in Guangdong, China in mid-December 2019 for a maintenance turnaround and is expected to remain inoperative for about a week. The MTBE plant gives an output of 6,00,000 mt/year.


    (As per sources)
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  • Booking Prices as on Today keyboard_arrow_down
    Booking Prices as on Today


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  • US-China to suspend its New round of tariffs that were to be imposed on 15th December 2019 keyboard_arrow_down
    The US and China have agreed to suspend a new round of tariffs on 13-12-2019, Friday that they had intended to impose on each other on 15th December 2019.





    Adding that the US will lower tariffs to 7.5% from 15% on $120bn worth of goods, as per President Trump and the US Trade Representative. The US had imposed part one of these on 1st September 2019 and part two of which was to be imposed on 15th December 2019.

    China as a retaliatory action also intended to impose tariffs of 5%-10% (probably on US low-density polyethylene (LDPE), Polyvinyl Chloride (PVC), Polycarbonate (PC), Caprolactam and phthalic anhydride) in response to the tariffs imposed by the US on 1st September 2019 (which included cell phones, laptop computers, video game consoles, some toys, computer monitors and certain types of footwear and clothing).

    The previously implemented tariffs have drowned the future of US-China Chemical imports & exports estimates also dragging commercials and other goods categories into it. The Market participants would feel relief after the removal of new set Tariffs.


    (As per sources)
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  • Weekly Oil Report as on 14-12-2019 keyboard_arrow_down


    (As per sources)
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  • Basic Price changes w.e.f 14-12-2019 keyboard_arrow_down
    HOCL

    Acetone price increased by ₹3.00/kg, New basic price, ₹52.50/kg+GST, Tanker Load.


    RELIANCE


    DEG price increased by ₹2.20/kg, New basic price, ₹56.30/kg+GST, Tanker Load.


    MEG price increased by ₹1.50/kg, New basic price, ₹48.70/kg+GST, Tanker Load.

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  • Methanol weekly booking prices keyboard_arrow_down
    Methanol Weekly Price


    Korea: $245/mt +5

    Taiwan: $236/mt +3

    Asia: $251/mt +4

    China: $215/mt +3
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  • Plant News as on today 13-12-2019 keyboard_arrow_down
    Acetic Acid Plant News

    Tianjin Soda has reduced the operating rates of its Acetic Acid plant (located in Lingang, Tianjin) in early-December 2019 to about 60% amid technical issues and is expected to operate low till mid-December 2019. The Acetic Acid plant has a production capacity of 3,50,000 mt/year.


    MTBE Plant News

    Taihe Forest Energy has planned to resume the operations of its Methyl Tertiary Butyl Ether (MTBE) plant located in Anhui, China. The plant is expected to wrap the maintenance work in mid-December 2019 which was commenced in early-November 2019. The MTBE plant gives an output of 50,000 mt/year.


    BPA Plant News

    Nan Ya Plastics intends to resume operations in its Bisphenol A (BPA) unit located in Mailiao, Taiwan. The maintenance work is expected to finish in end-December 2019 which was initiated in mid-November 2019. The BPA plant gives an output of 4,50,000 mt/year.


    (As per sources)
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  • Price Changes In Asia keyboard_arrow_down
    Benzene

    On Wednesday, Benzene prices dives in Asia. Fall in prices, drops the upstream energy values making regional buying trends poor.
    FOB Korea Benzene prices drops to USD 705/mt levels, fall of USD 30/mt from Tuesdays levels.
    Decline prices further supports a fall in feedstock toluene rates and weaker SM values

    Toluene

    On Wednesday, Toluene prices tends to fall in Asia. Supporting the price drop, the demand trend declines in upstream energy values.
    FOB Korea toluene price drops down to USD 680/mt FOB Korea levels, decrease of USD 10/mt from Tuesdays assessed levels.
    CFR China prices drops to USD 680/mt levels, decrease of USD 5/mt day on day.
    In the domestic markets of China, Toluene prices tends to fall at Yuan 5550/mt ex-tank levels.

    MEG

    Inspite of weaker upstream Ethylene values, MEG prices went up in Asia.
    CFR China MEG prices, increase up to USD 575/mt, rise of USD 5/mt day on day.
    On Wednesday, feedstock ethylene prices evaluates to be at USD 745/mt CFR North East Asia levels, drop of USD 10/mt from Tuesdays levels.
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  • Plant News As On 12-12-2019 keyboard_arrow_down
    Acrylonitrile (ACN) Plant News

    Sinopec Anqing, plans to restart both its Acrylonitrile (ACN) units which was under maintenance. The sources believes that the comapny is likely to resume operations at the units by the end of December, 2019. The unit was undertaken on November 1, 2019
    Both the units have a production capacity of 80,000 mt/year and 130,000 mt/year, respectively. Located in Anquing, China.

    Polyethylene (PE) Plant News

    Shenhua Ningxia Coal Industry, plans to undertake maintenance at the polyethylene (PE) plant in May 2020. The sources believes that the comapny schedules to shut the plant in May 2020 for a period of around 7-8 weeks.
    The PE plant has a production capacity of 450,000 mt/year, Located in Ningxia, China.

    PP & LPDE Plant News

    Shenhua Coal to Liquid and Chemical Co., intend to shut its polypropylene (PP) and Low density polyethylene (LDPE) units. The sources believes that the company will schedule to turnround the units in April 2020 for a period of around 6-7 weeks.
    The PP unit has a production capacity of 330,000 mt/year and LDPE unit has a production capacity of 300,000 mt/year, Located in Yulin, China.

    (As per sources)
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  • Methanol and MIBK Plant News keyboard_arrow_down
    Methanol Plant News

    Tangshan Zhongrun Coal Chemical has planned to resume the operations of its Methanol plant in Hebei, China on 15th December 2019 which remained offline from 22nd November 2019 amid maintenance turnaround. The Methanol plant consists of two units giving an outcome of 1,00,000 mt/year each.


    MIBK Plant News

    Mitsui Chemicals has paused the operations of its Methyl Isobutyl Ketone (MIBK) plant in Yamaguchi, Japan on 8th December amid economic issues and the inoperative duration is not disclosed. The MIBK plant gives an output of 30,000 mt/year.


    (As per sources)
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  • SM Plant News keyboard_arrow_down
    Jiangsu Leasty Chemical has resumed the operations of its No. 2 Styrene Monomer (SM) unit in Jiangsu, China which has completed its maintenance on 8th December 2019. The unit was inoperative from 1st November 2019. The No. 2 SM unit gives an output of 2,00,000 mt/year.

    Shandong Yuhuang has planned to pause the operations of its No. 2 Styrene Monomer (SM) plant in Shandong, China on 11th December 2019 and is expected to remain under maintenance for about a week. The No. 2 unit gives an output of 2,00,000 mt/year.

    (As per sources)
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  • Basic Price changes w.e.f today 11/12/2019 keyboard_arrow_down
    SI Group

    Acetone price increased by ₹5.00/kg, New basic price ₹65/kg+GST, Tanker Load.

    DEEPAK PHENOLICS

    Acetone, New basic price, ₹51/kg+GST, Advance & ₹52.50/kg+GST, Credit.

    GNFC

    Ethyl Acetate price decreased by ₹1.50/kg, New basic price, ₹53.50/kg+GST, Tanker Load.
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  • Plant News as on today 10-12-2019 keyboard_arrow_down
    MTBE Plant News

    Shandong Shenchi Chemical has resumed the operations of its Methyl Tertiary Butyl Ether (MTBE) plant in Shandong, China on 7th December 2019 which remained inoperative for a maintenance turnaround since 1st December 2019. The MTBE Plant gives an output of 4,00,000 mt/year.


    ACN Plant News

    Petkim has planned to pause the operations of its Acrylonitrile (ACN) plant in Aliaga, Turkey on 22nd December 2019 for maintenance and is expected to remain offline for about 15 days. The ACN plant has a production capacity of 90,000 mt/year.


    Methanol Plant News

    Shaanxi Yulin Natural Gas Chemical has resumed the operations of its Methanol plant in Shaanxi, China on 4th December 2019 which was paused for an expansion process on 25th October 2019. The plant capacity is enhanced by 1,00,000 mt/year and gives an output of 7,00,000 mt/year.


    (As per sources)
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