Market Flash

Yesterday, domestic toluene market mainly discussed the horizontal plate, crude oil prices rose, the Federal Reserve cut interest rates to boost commodity prices.

• Toluene

Some of the mainland methanol market continued to rise yesterday. At the beginning of the week, after the northwest enterprises reduced their prices and sold smoothly.

• Methanol
• Introduction

Yesterday, domestic o-phthalic anhydride trend rose, business sentiment strong. DOP downstream strong rebound release good, coupled with the increase in raw material benzene.

• Phthalic
• anhydride

Yesterday, the domestic DOP market continued to rise, and the merchants'tender sentiment remained strong. However, on the basis of caution, the new single delivery situation is not good.

• DOP

TVS Motor Company recently launched the country’s first ethanol-based motorcycle – the Apache RTR 200 Fi E100 – priced at Rs. 1.20 lakh (ex-showroom).

• ethanol
• motorcycle

As part of its US$850-mn investment at its Vadinar Refinery towards expansion into petrochemicals, Nayara Energy has licensed Unipol polypropylene (PP) process technology from W.R. Grace & Co. to produce broad range of PP grades from the 20-mtpa refin

• polypropylene

The government is reportedly planning to tighten the Corporate Social Responsibility (CSR) provisions in the company law, virtually making it mandatory for companies to make their CSR spend, failing which they would be penalised.

• CSR
• mandatory

Alok Masterbatches Pvt. Ltd., leading masterbatch producer, was conferred the ‘Golden Peacock Eco-Innovation Award’ for UVNox Mulch – an indigenously developed additive solution which has contributed to increasing efficiency of agricultural practices.

• eco innovation

Yesterday, the domestic phenol market fell to a low level, domestic factories downgraded to compensate for the decline, traders tried to maintain stable price operation of manufacturers.

• Phenol

Yesterday, the domestic pure benzene market trend shocked. Crude oil prices rose, external prices rose and fell.

• Pure
• Benzene

Yesterday, the domestic acetone market was still strong. With the slowdown of inflation, traders bid hard, low price is not easy to find, and the offer is high and low.

• Acetone

Yesterday, the domestic styrene market was weak. It was centralized arrival of cargo this week. Recent port inventory data rebounded slightly.

• styrene

Short-term methanol market volatility is mainly narrow, partial or small rebound.

• Methanol

Yesterday, the domestic ortho-phthalic anhydride market reorganized, and some of the bid sentiment came into being.

• Phthalic
• anhydride

Yesterday, the domestic DOP market went up, the merchants'tender sentiment was strong, the trading part improved, the volume of trade increased.

• DOP

Yesterday, the domestic phenol Market shocked, downstream buying atmosphere was too light, although cost support, but the shipment of traders is still not smooth.

• Phenol

Despite the rumors of factory increase and supplementary increase, the intra-venue trading atmosphere was fading, the high position was slightly reversed.

• Acetone

Yesterday, domestic toluene market talks shocked upward, the market supply was abundant, the center of gravity was wide upward, the downstream just needed to perform flat.

• toluene

Yesterday, domestic pure benzene market fell, crude oil prices rose, external prices fell.

• Benzene

Yesterday, domestic toluene Market talks shocked, including abundant toluene arrival in Hong Kong and demand is difficult to improve temporarily.

• Toluene