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  • Market Updates As On 28-03-2020 keyboard_arrow_down
    Styrene Monomer & Benzene

    This week, SM prices stumbled in Asia. Prices witnessed a steep fall, mainly on account of dull upstream energy rates and a plunge in benzene feedstock values.

    FOB Korea SM prices were at USD 520/mt levels, a fall of USD 90/mt from the last week.
    CFR South East Asia SM prices were at USD 590/mt levels, a week on week tumble of USD 65/mt.

    CFR India prices were at USD 580/mt levels, a slide of USD 90/mt from the last week.
    CFR China prices were at USD 550/mt levels, a tumble of USD 80/mtweek on week.

    FOB Korea Benzene prices went down at USD 320/mt levels on Friday, a major drop of USD 110/mt week on week.

    Ethylene

    Ethylene prices edged lower in Asia. The price fall was attributed to a week on week decline in upstream crude and naphtha values.

    CFR North East Asia Ethylene prices went down at USD 530/mt level, a fall of USD 50/mt from the last week.
    CFR South East Asia prices were at USD 500/mt levels, a decline of USD 40/mt week on week.

    Propylene

    This week, Propylene prices in Asia plunged.

    FOB Korea Propylene prices were at USD 650/mt levels, a fal of USD 70/mt from the last week.
    CFR China Propylene prices were at USD 640/mt levels, a week on week drop of USD 85/mt.

    CFR South East Asia Propylene prices were assessed lower at USD 620/mt levels, a major drop of USD 120/mt from the previous week.
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  • Plant News As On 28-03-2020 keyboard_arrow_down
    💧 CNOOC and Shell Petrochemicals Co (CSPC) is likely to hold he operations at the solvents plant.
    As per the sources, the company plans to shutdown the plant in early April 2020. The plant is expected to stay under maintenance for about a month.
    Located at Huizhou in China, having Phenol capacity of 220,000 tonnes/year and Acetone capacity of 130,000 tonnes/year.

    💧 Deepak Phenolics halts the operations at its Polyvinylchloride plant in Sahupuram.
    Sources say the company has pulled up the plant on 25 March 2020, owing to a nation wise lockdown caused by COVID-19 outbreak. The plant will probably remain off till mid-April 2020.
    The plant is located at Sahupuram in Tamil Nadu, India, having a production capacity of 150,000 mt/year.

    💧 Deepak Phenolics holds the operations a its Acetone and Phenol plant at Dahej, Gujarat.
    Sources say that the company has recently undertaken an unplanned shutdown a the plant due to a nation-wide lockdown caused by COVID-19 outbreak. The plan is expected to remain shut till mid-April 2020.
    Located at Dahej, in the western Indian state of Gujarat. Phenol having a production capacity of 200,000 mt/year and Acetone of 120,000 mt/year.
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  • Plant News As On 27-03-020 keyboard_arrow_down
    💧 Kellin Chemicals a subsidiary of Feixiang Group has recommenced its Isopropanol plant.
    As per the sources, the company recently resumed its operations at the plant following an unplanned outage. The plant was pulled up for about one week due to feedstock unavailability issues.
    Located at Zhangjiahang in Jiangsu province of China, has an Acetone based plant having a production capacity of 120,000 mt/year.

    💧 Gujarat State Fertilizer & Chemical (GSFC) has taken its Melamine unit offline due to a forced lockdown pan India, by the Indian government.
    Sources believe the company hold the operations at the unit on 25 March 2020. The units are expected to remain off till mid-April 2020.
    Located in Vadodara in the Gujarat state of India, the two units have a production capacity of 15,000 mt/year and 40,000 mt/year.

    💧 Sanjiang Fine Chemicals took off its Monoethylene Glycol unit.
    Sources say the company pulled up the operations a the unit for a turnaround on 26 March 2020. The unit will remain under maintenance for at least 3-4 days.
    The unit is located in Zhejiang province in China, having a production capacity of 258,000 mt/year.
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  • Market Updates As On 26-03-2020 keyboard_arrow_down
    Syrene Monomer & Benzene

    On Wednesday, SM prices edged lower in Asia. The price fall was attributed to dull upstream energy and Benzene values.

    FOB Korea SM prices went down at UDS 510/mt levels, a fall of USD 40/mt from Tuesday's assessed levels.

    FOB Korea Benzene prices were at the USD 320/mt levels on Wednesday, a sharp drop of USD 20/mt from Tuesday.

    Propylene

    On Wednesday, despite of bearish regional buying sentiments and weaker downstream PP demand trends, propylene prices managed to remain steady in Asia.

    FOB Korea Propylene prices were at USD 685/mt levels, whereas CFR China Propylene prices were at USD 695/mt levels, both unchanged from Monday's assessed levels.

    Ethylene

    Ethylene prices were assessed flat in Asia.

    CFR North East Asia Ethylene prices were assessed at USD 550/mt level, whereas CFR South East Asia prices were assessed at USD 520/mt levels, unchanged from Tuesday's assessed levels.
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  • Plant News As On 26-03-2020 keyboard_arrow_down
    💧 Sinopec Maoming has taken its Polypropylene unit offline owing to technical issues.
    As per the sources, the company has taken on an unplanned shutdown at the PP unit on 22 March 2020. The unit is expected to stand off for about 2 to 3 weeks.
    It is located in Guangdong, China, having a production capacity of 200,000 mt/year.

    💧 Hebei Tianlu New Energy Company tend to hold its No. 2 Methanol unit.
    Sources say the company has begun a turnaround at the unit on 25 March 2020. The unit will probably stand off for about a week or two.
    The No. 2 Methanol unit is located at Hebei province of China, having a production capacity of 100,000 mt/year.

    💧 Shandong Chambroad Petrochemicals has halted the operations at its No. 1 Propylene unit.
    Sources believe the company has started a maintenance at the plant on 25 March 2020. The plant is likely to restart production on 8 May 2020.
    The plant is located in Shandong province of China, having a production capacity of 125,000 mt/year.

    💧 Nippon Shokubai brought its No. 2 Acrylic Axid unit on-stream following a maintenance turnaround.
    As per the sources, the company has restarted the operations a the uni on 24 March 2020. The unit was pulled up for catalyst change work on 7 February 2020.
    The No. 2 Acrylic Acid unit is located at Cilegon, West Java in Indonesia, having a production capacity of 80,000 mt/year.
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  • Market Updates As On 25-03-2020 keyboard_arrow_down
    Benzene & Styrene Monomer

    On Tuesday, Benzene prices stumbled in Asia. Weaker upstream energy values and persistent decline in downstream SM rates, together supported the price drop.
    FOB Korea Benzene prices went down at USD 340/mt levels, a sharp day on day fall of USD 25/mt.

    FOB Korea SM prices on Tuesday were assessed lower at USD 550/mt levels, a minor decline of USD 15/mt from Monday's levels.

    Ethylene

    Ethylene prices tend to direct downward in Asia, on Tuesday. Prices fell, as demand trends continued to remain dull coupled with weaker upstream crude and naphtha values.

    CFR North East Asia Ethylene prices were assessed lower at USD 550/mt level, fall of USD 20/mt a day on day.
    CFR South East Asia prices went down at USD 520/mt levels, a drop of USD 5/mt from Monday's levels.

    Toluene

    Toluene prices edged lower in Asia on Tuesday.

    FOB Korea Toluene prices went down at UDS 320/mt levels, a fall of USD 10/mt from Monday's levels.
    CFR China Toluene prices were assessed lower at USD 385/mt levels, a drop of USD 5/mt day on day.
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  • Plant News As On 25-03-2020 keyboard_arrow_down
    💧 Jiangsu Sopo brings is Methanol plant online in Zhenjiang, Jiangsu province.
    As per the sources, the company recommence the operations a the plant following an unplanned outage on 22 March 2020. The plant was pulled up on 16 March 2020 due to technical issues.
    The plan is located at Zhenjiang in Jiangsu province, China, having a production capacity of 500,000 mt/year.

    💧 Shenhua Ningxia Coal Industry has re-continued its Butadiene unit in Ningxia.
    Sources say the company has resumed the operations at the unit following an unplanned outage on 19 March 2020. The unit was hold owing to technical issues on 13 March 2020.
    The BD unit is located at Ningxia province of China, having a production capacity of 65,000 mt/year.
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  • Market Updates As On 24-03-2020 keyboard_arrow_down
    Ethylene

    On Monday, Ethylene prices edged lower in Asia. The price fall was attributed by a tumble in upstream energy values and dull buying sentiments across the Asian regions.

    CFR North East Asia Ethylene prices were assessed lower at USD 570/mt level, a fall of USD 10/mt from last assessed levels.

    CFR South East Asia prices were at USD 525/mt levels, a drop of USD 15/mt on the day.

    Styrene Monomer

    Styrene monomer prices tend to direct downward in Asia on Monday.

    FOB Korea SM prices were assessed down at UDS 565/mt levels, a slide of USD 45/mt from last Friday’s assessed levels.

    Benzene

    Benzene prices in Asia tumbled on Monday. The price fall was on the back of dull buying sentiments in the region.
    An abrupt drop recorded in downstream SM rates, further supported the price rise.

    FOB Korea Benzene prices went down at USD 365/mt levels, a fall of USD 65/mt from last Friday's levels.
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  • Styrene Monomer (SM) & Isopropanol (IPA) Plant News keyboard_arrow_down
    💧 Taiwan Styrene Monomer has recommence its No. 1 Styrene Monomer unit following an unplanned outage.
    As per the sources, the company resumed its operations at the unit on 19 March 2020. The unit remained off for about one month.
    The unit is located in Linyuan, Taiwan, having a production capacity of 180,000 mt/year.

    💧 Kellin Chemicals, a subsidiary of Feixiang Group is likely to shut is Isopropanol plant owing to feedstock unavailability.
    Sources believe the company has planned to pause the operations at the plant in the end of March 2020. The plant is expected to remain off for about a week or two.
    The plant is located at Zhangjiagang in Jiangsu province of China, having a production capacity of 120,000 mt/year.
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  • Methyl Methacrylate (MMA) Plant News keyboard_arrow_down
    💧 Roehm brought its Methyl Methacrylate plant on stream following a planned outage.
    As per the sources, he company recommenced he operations at the plant in early March 2020. The plant was put on hold for maintenance purposes on 24 February 2020.
    The plat is located in Shanghai, China, having a production capacity of 100,000 mt/year.

    💧 Jilin Petrochemical plans to shut its two Methyl Methacrylate units for a turnaround.
    Sources say the company is likely to hold the operations at both the units in early April 2020. The units are expected o remain under maintenance for about a month.
    The unit is located in Jilin, China, having a production capacity of 50,000 mt/year.
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  • Polypropylene (PP) Plant News keyboard_arrow_down
    💧 Pucheng Clean Energy brings its Polypropylene plant following an unplanned outage.
    Sources say the company has restarted its operations at the plant on 22 March 2020. The plant was pulled up for maintenance purposes on 17 March 2020.
    The plant is located at Shaanxi province in China, having a production capacity of 440,000 mt/year.

    💧 Xiang Lu Petrochemical has re-continued its Polypropylene plant following a turnaround.
    Sources believe the company has already started its production process at the plant on 19 March 2020. The plant remained under maintenance for about a week or two.
    The plant is located in Hubei, China, having a production capacity of 120,000 mt/year.
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  • Toluene & Benzene Updates As On 23-03-2020 keyboard_arrow_down
    Toluene prices edged lower in Asia, last week. The price fall was caused due to a plunge in upstream crude and gasoline values.
    Regional demand trends continued to remain weaker.
    Bearish downstream benzene rates, further pulled prices lower in Asia.

    FOB Korea Toluene prices went down at USD 340/mt levels, a major drop of USD 120/mt from the last week.
    CFR India Toluene prices were at USD 420/mt levels, a plunge of USD 130/mt from the last week.

    CFR China prices were assessed lower at USD 400/mt levels, abrupt fall of USD 105/mt week on week.
    CFR South East Asia prices were at USD 410/mt levels, a slide of USD 125/mt week on week.

    FOB Korea Benzene prices were at USD 430/mt levels on Friday, a tumble of USD 85/mt from the previous week.
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  • Plant News As On 23-03-2020 keyboard_arrow_down
    💧 LG Chem is currently operating its Ethylene Vinyl Acetate plant at curtailed capacity levels.
    As per the sources, the company has lowered its plants run rates at around 65% of production capacity levels on 18 March 2020. The production run rates has been set down due to technical issues.
    The plant is located in Shanghai, China, having a production capacity of 140,000 mt/year.

    💧 Tongliao Jinmei has brought is Monoethylene Glycol plant on-stream in Tongliao.
    Sources say the company has finished the turnaround at the plant in mid-March 2020. The plant remains off for around a week or two.
    The plant is located in Tongliao, China, having a production capacity of 300,000 mt/year.

    💧 Formosa Plastics Corp (FPC) take its No. 2 Acrylic Acid unit offline for a turnaround.
    Sources believe the company has started the turnaround at the unit on 20 March 2020. The unit will probably restart its production on 17 April 2020.
    The No. 1 unit is Located in Zhejiang, China, having a production capacity of 160,000 mt/year.
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  • Market Updates As On 21-03-2020 keyboard_arrow_down
    Mono-Ethylene Glycol & Ethylene

    This week, MEG prices edged lower in Asia. The price fall was in line with a drop in upstream Ethylene rates.

    CFR China MEG prices were at USD 415/mt levels, whereas CFR South East Asia prices were at USD 420/mt levels, both down by USD 60/mt from the last week.

    CFR North East Asia Ethylene prices were assessed at USD 580/mt levels, a drop of USD 45/mt week on week.

    Styrene Monomer & Benzene

    This week, SM prices crashes in Asia. The price drop was a result of a plunge in upstream energy and benzene rates, along with dull demand trends in the region.

    FOB Korea SM prices were at USD 610/mt levels, a fall of USD 105/mt from the last week.
    CFR China prices were at the USD 630/mt levels, a major fall of USD 110/mt week on week.

    CFR India prices were at USD 670/mt levels, whereas CFR South East Asia SM prices were at USD 655/mt levels, both down by USD 80/mt from the last week.

    FOB Korea Benzene prices were assessed lower at USD 430/mt levels on Friday, a drop of USD 85/mt week on week.
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  • Plant News As On 21-03-2020 keyboard_arrow_down
    💧 Formosa Plastics Corp (FPC) has pulled off its Ethyl Acrylate unit for a turnaround.
    As per the sources, th company has already commenced th turnaround at the unit on 13 March 2020. The exact time duration of the shutdown is been undisclosed.
    The unit is located at Ningbo in Zhejiang, China, having a production capacity of 10,000 mt/year.

    💧 Shandong Kaitai Petrochemical brings its No. 2 Acrylic Acid unit on-stream.
    Sources say the company restarted it operations at the unit on 18 March 2020. The unit was put on hold for unplanned maintenance on 8 February 2020.
    The unit is located in Shandong province of China, having a production capacity of 80,000 mt/year.

    💧 Formosa Plastics Corp (FPC) has put its No. 2 Butyl Acrylate unit offline for a turnaround.
    Sources believe the company has stared the turnaround t the unit on 19 March 2020. The unit will probably be begin again on 17 April 2020.
    The unit is located at Ningbo in Zhejiang, China, having a production capacity of 120,000 mt/year.

    💧 BP Petronas Acetyls (BPPA) is currently operating its Acetic Acid plant at curtailed capacity rates.
    As per the sources, the company has lower the run rates at the plant owing to national lockdown on 18 March 2020. The plant is forced to work at lower run rated until the end of March 2020.
    The plant is located at Kertih in Terrenganu, Malaysia, having a production capacity of 535,000 mt/year.
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  • Basic Price Change As On 21-03-2020 keyboard_arrow_down
    HOCL

    Acetone Basic Price Decreased By ₹1.50/Kgs , New Basic Price Is ₹58.00/Kgs+GST

    Reliance

    DEG Basic Price Decreased By ₹2.40/Kgs , New Basic Price Is ₹38.20/Kgs+GST
    MEG Basic Price Decreased By ₹3.10/Kgs, New Basic Price Is ₹40.40/Kgs+GST
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  • Market News As On 19-03-2020 keyboard_arrow_down
    Benzene & Styrene Monomer

    On Wednesday, Benzene prices tend to direct downwards in Asia.

    FOB Korea Benzene prices went down at USD 445/mt levels, a fall of USD 35/mt day on day.
    FOB Korea SM prices also went down at USD 630/mt levels, a drop of USD 60/mt from Tuesday’s levels.

    Ethylene

    On Wednesday, despite a drop in upstream crude and naphtha values, Ethylene prices managed to remain flat in Asia, on Wednesday.

    CFR North East Asia Ethylene prices were at USD 620/mt levels, and remain unchanged from Tuesday’s levels.
    CFR South East Asia Ethylene prices were assessed steady at USD 570/mt levels.

    Mono-Ethylene Glycol

    MEG prices edged lower in Asia, on Wednesday. Prices fell, as demand trends continued to remain dull in the region.

    CFR China MEG prices were at USD 445/mt levels, whereas CFR South East Asia prices were at USD 450/mt levels, both down by USD 10/mt from Tuesday’s assessed levels.

    Propylene

    Propylene prices were assessed stable in Asia, on Wednesday.

    FOB Korea Propylene prices were assessed at USD 750/mt levels, whereas CFR China Propylene prices were assessed at USD 755/mt levels, both unchanged from Tuesday’s assessed levels.
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  • Plant News As On 19-03-2020 keyboard_arrow_down
    💧 PTT Phenol brings its No. 2 Phenol an Acetone unit on-stream following a maintenance turnaround.
    As per the sources, the company recommenced its operations at the unit in mid-March 2020. The unit was pulled up on 15 January 2020.
    The No. 2 Phenol and Acetone has a production capacity of 250,000 mt/year and 155,000 m/year . Located in Map Ta Phut in Rayong province of Thailand.

    💧 Brunei Methanol Co (BMC) undertook its Methanol plant owing to technical issues.
    Sources say the company has undertaken an unplanned shutdown the plant on 18 March 2020. The plant will probably resume its production process in next week.
    The plant has a production capacity of 850,000 mt/year. Located at Sungai Liang Industrial Park in Brunei.

    💧 Dongming Huayi Yuhuang New Material delays the recommence process a its Methyl Methacrylate plant.
    Sources believe the company postponed the restart of the plant to end-March 2020. The plant was pulled up for an unplanned maintenance work on 5 February 2020, was supposed to start in early March 2020.
    The plant has a production capacity of 50,000 mt/year. Located in Shandong, China.
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  • Basic Price Change As On 18-03-2020 keyboard_arrow_down
    Deepak Phenolics

    Phenol New Basic ₹68.75/kg+GST (Advance) / ₹71.00/kg+GST (Credit)
    Acetone New Basic ₹56.00/kg+GST (Advance) / ₹58.00/kg+GST (Credit)
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  • Market Updates As On 18-03-2020 keyboard_arrow_down
    Benzene & Styrene Monomer

    Benzene prices edged lower in Asia, on Tuesday. The price drop weakened upstream crude values and inactive regional buying trends. An increase in downstream SM rates further pulled prices lower in Asia.

    FOB Korea Benzene prices went down at USD 480/mt, a fall of USD 20/mt day on day.

    FOB Korea SM prices assessed lower at USD 690/mt levels, a drop of USD 20/mt from Monday’s assessed levels.

    Propylene

    Dull upstream crude and naphtha values, dragged down Propylene prices across the Asian regions, on Tuesday. Weaker regional buying sentiments, coupled with weaker downstream PP demand and pricing trends, supported the price fall.

    FOB Korea Propylene prices were at USD 750/mt levels, whereas CFR China Propylene prices were at USD 755/mt levels, both down by USD 15/mt from Monday’s assessed levels.

    Mono-Ethylene Glycol

    MEG prices down adjusted in Asia, on Tuesday.

    CFR China MEG prices were at USD 455/mt levels, whereas CFR South East Asia prices were at USD 460/mt levels, both down by USD 15/mt from Monday’s assessed levels.
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