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India’s ONGC seeks partner for majority-owned petchem project

The project currently produces 1.1 million tons/year of C2 and 400,000 tons/year of C3…

  • 12.09.2019

IOC plans cracker expansion in India

The company will reportedly increase its ethylene capacity by around 340,000 tons/year…

  • 12.09.2019

India rolls out plans to ban six single-use plastic products

The government is expected to announce a nationwide ban on October 2…

  • 06.09.2019

Fatal fire breaks out at ONGC’s oil and gas processing plant in India

Although the fire was brought under control within hours, three security personnel and a senior ONGC officer were killed…

  • 05.09.2019

India’s GAIL plans investment in new PP plant

The expanded capacity will be 60,000 tons/year…

  • 29.08.2019

Indian producer raises local PVC offers

Local producer lifts PVC prices in India amid currency depreciation and ahead of Taiwan major’s October offers...

  • 29.08.2019

India’s MRPL extends PP shutdown by around 20 more days

The plant was initially expected to remain shut less than 10 days...

  • 28.08.2019

India’s HPCL advances on new petchem project, reveals more investment plans

Technology selection has been completed for all of the units within the project...

  • 27.08.2019

Moody’s slashes growth forecasts for Asian countries

Sharp slowdown in the global economy has been weighing on the region...

  • 26.08.2019

PP plant updates in India: HMEL set for maintenance, MRPL shuts unit unexpectedly

Technical problems forced a shutdown at MRPL’s unit while HMEL is eyeing the end of August for maintenance…

  • 22.08.2019

Export PET prices from China signal stabilization after 6 weeks of declines

Players in the Asian PET markets began exercising caution late last week, with several considering the possibility that the current downturn may be coming to an end after a six-week period of consecutive declines...

  • 20.08.2019

SEA PE market remains under pressure from flood of competitive US offers

Southeast Asia’s PE markets have been receiving an increasing number of US offers since China started to impose %25 tariffs on LLDPE and HDPE imports from the US in August 2018. US producers have raised their shipments to the region, particularly to Vietnam, to compensate for loss of market share in China...

  • 19.08.2019

Indian producer lifts local PVC offers

The recent depreciation of the rupee against the US dollar is the main factor behind the price hike...

  • 15.08.2019

India’s auto industry sustains downtrend in July

The sales of passenger vehicles shrank by 31% year-on-year...

  • 14.08.2019

South Korean producer ups Sept PVC offers for India

Korean move comes after the hike by major Taiwanese supplier and tighter supply...

  • 14.08.2019

India’s GAIL achieves 15% hike in net profit for Q1

Revenues from operations were up by almost 6% in April-June quarter of the current fiscal year…

  • 13.08.2019

Reliance to reduce debt by virtue of deals with BP, Saudi Aramco

Aramco will acquire 20% stake of the Indian giant’s oil-to-chemicals division paying $15 billion...

  • 13.08.2019

Naphtha hits lowest of 2 years in Europe, 8 months in Asia; eyes on oil

Spot naphtha prices have been falling since early July both in Asia and Europe with cumulative losses reaching 15-16%. The recent levels suggest the lowest levels of 2 years in Europe and 8 months in Asia, according to the weekly average of ChemOrbis Price Index...

  • 13.08.2019

India’s central bank lowers interest rates

The key interest rate was reduced to 5.40%, the lowest figure since 2010...

  • 08.08.2019

Indian producer raises local PVC offers

Higher prices were attributed to the depreciation of the rupee...

  • 08.08.2019

Asia’s September PVC outlook takes shape amid dwindling supplies

While players in Asia’s PVC markets have wrapped up their August business with decreases of $30/ton, the September outlook begins to take shape in the midst of tighter supplies, currency devaluations and a few other factors that may play a role in the decision-making process of suppliers...

  • 08.08.2019

Thin demand, volatile styrene keep SE Asia PS market under pressure

Southeast Asia’s import PS market has remained on a stable to softer note as the bearish sentiment persists in the face of tepid demand and the continuing volatility in the spot styrene market...

  • 02.08.2019

Indian producer lowers local PVC prices

Demand tends to be traditionally weak during the monsoon season...

  • 01.08.2019

India extends ADD on PTA from Korea, Thailand by five years

The initial duties expired on July 24…

  • 25.07.2019

Import PVC prices hit multi-month lows in China, India after Aug pricing

Thin demand amid monsoon season in India has weighed on PVC prices…

  • 23.07.2019

784 record found.
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