Global Best Chemical & Petrochemicals Data Base, Chemical Prices

The coronavirus pandemic has exacerbated an unprecedented shift in the choices of the industrialists after a significant halt in the supply chains across the Northern hemisphere. Battered by the lack of reliability and transparency issues, economies are rerouting their supply chains after China became the origin of the threatening pandemic that the world is trying to get rid of. Although, China has become quite successful in defeating the contagion after struggling for almost three months, analysts assume that the outbreak high lightened the need of the hour for the world to contract their reliance for the essential raw materials and Active Pharmaceutical Intermediates to a specific region and protect it from other vulnerabilities. With its severe impact on global supply chains, the major economies which had been making good money through trade flows, are now only left with containers stranded in the wrong locations as there is an indefinite delay in the overseas shipments. ...

Prices of Asia’s naphtha sank to 18-years low in the month of March as evaporating demand, hammered by the crash in crude has hard hit the feedstock market. The scenario turned more unfavorable for the Asian naphtha market after several Asian economies declared force majeure due to the lockdown measures taken to contain the spread of novel coronavirus that has created a havoc across the globe. Halt in economic and industrial activities has curtailed the gasoline and jet fuel demand that has exacerbated the refiners to introduce huge production cuts. Indian refiners had to revise their export and import tenders after the government announced nationwide lockdown till mid of the April month. This has prompted several Indian refiners such as ONGC Petro additions Ltd and Hindustan Petroleum Corp. Ltd to cut their crude throughputs while others had to withdraw their tenders. The lockdown has made the state-owned refiner, Bharat Petroleum Corp Ltd (BPCL) postpone its month-long mai...

IPA Pricing Analysis Despite soaring demand and rise in international prices, the prices of IPA in India declined marginally after March 5 as an outcome of restrictions imposed by the government to prevail the availability of sanitizers at an affordable price. IPA has turned out to be the most preferred chemical commodity among its other alternatives due to its superior properties. Although the domestic prices currently lie between INR 69-72 per kg, IPA prices are anticipated to climb to INR 95-100 per Kg taking into consideration the surging demand in the domestic market. Moreover, with disruption in supply chain, profitability of the domestic manufacturers as the sole provider of the product is anticipated to witness a significant rise. Visit more info:  https://www.chemanalyst.com/NewsAndDeals/NewsHome •      Dow starts sanitizer production in Germany In order to fight against rising coronavirus cases in Germany, Dow has started a ha...

Polymer producers around the world are forced to curtail their production activities as the combined blow of Coronavirus and crude oil crash has hard hit the sector. Prices of Polyethylene and Polypropylene in the international markets have followed a downtrend as feedstock ethene, ethane and propylene witnessed downward pressure due to sudden slump in crude oil. The oil price war initiated by Saudi Arabia has brought a huge downturn in the oil industry which is anticipated to impact almost all the economy driving sectors of the world. When China is resuming factory operations, the unprecedented campaigns launched by the governments in rest of the countries to prevent the spread of the contagious virus have almost put a halt on the economic activities. Asian refiners are curtailing production sensing muted demand from the downstream polymer industry. Demand Outlook Demand for polymers being used in food packaging, healthcare products and sanitizers is high as consumpt...