Polymerupdate - Indian Crude Oil Processed by Refineries

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22-Sep-2015TNS DATA LOG: Indias Crude Oil Processed By Refineries - Aug 19.61 Mln Tn - 15:33

(Click the file attachment icon in the menu bar to see Indias crude oil processed by refineries in tabular and graphic formats.)

MUMBAI (TickerNews Service): Indias crude oil processed by refineries in metric tonnes detailed by ministry of petroleum & natural gas. Source: Petroleum Planning & Analysis Cell.

Oil Companies Aug15 Jul15 Aug14 (%)change overmonth yearTotal PSU Oil Companies 11,861,540 11,604,874 10,976,381 2.21 8.06IOCL 4,558,393 4,749,107 4,572,185 -4.02 -0.30-Koyali, Gujarat 1,190,817 1,256,234 1,111,829 -5.21 7.10-Mathura, Uttar Pradesh 703,472 757,257 663,383 -7.10 6.04-Panipat, Haryana 1,086,831 1,191,240 1,314,783 -8.76 -17.34-Haldia, West Bengal 667,202 663,362 649,983 0.58 2.65-Barauni,Bihar 565,999 533,943 511,922 6.00 10.56-Guwahati,Assam 78,504 84,597 80,145 -7.20 -2.05-Digboi,Assam 53,402 49,060 46,227 8.85 15.52-Bongaigaon,Assam 212,166 213,414 193,913 -0.58 9.41HPCL 2,488,730 2,078,215 1,478,065 19.75 68.38-Mumbai,Maharashtra 693,210 689,869 674,480 0.48 2.78-Visakh,Andhra Pradesh 858,162 466,226 803,585 84.07 6.79-HMEL-GGSR, Bathinda, Punjab 937,358 922,120 n.a. 1.65 --BPCL 2,906,138 2,911,171 2,858,217 -0.17 1.68-Mumbai, Maharashtra 1,094,920 1,099,242 1,139,414 -0.39 -3.91-Kochi, Kerala 938,091 928,297 945,541 1.06 -0.79-NRL-Numaligarh, Assam 252,934 252,558 250,715 0.15 0.89-BORL-Bina 620,193 631,075 522,547 -1.72 18.69CPCL 556,679 754,343 871,822 -26.20 -36.15-Manali, Tamilnadu 508,392 705,248 829,092 -27.91 -38.68-Narimanam,Tamilnadu 48,287 49,095 42,730 -1.65 13.00ONGC 1,351,599 1,112,037 1,196,092 21.54 13.00-Tatipaka,Andhra Pradesh 2,558 5,281 5,260 -51.55 -51.36-MRPL-Mangalore,Karnataka 1,349,041 1,106,756 1,190,832 21.89 13.29

Total Private Oil Companies 7,757,642 7,061,486 7,559,205 9.86 2.63

Total Private Oil Companies 7,757,642 7,061,486 7,559,205 9.86 2.63Reliance Inds 5,998,742 5,306,186 5,857,905 13.05 2.40-Jamnagar,Gujarat 2,787,694 2,815,981 2,749,000 -1.00 1.41-(Sez), Jamnagar,Gujarat 3,211,048 2,490,205 3,108,905 28.95 3.29Essar Oil Ltd.,VadinarGujarat 1,758,900 1,755,300 1,701,300 0.21 3.39

Grand Total 19,619,182 18,666,360 18,535,586 5.10 5.85

(End)Compiled by Geetanjali Rao and Laxmi Bhatt

Phone: +91 (22) 66866010. [email protected]

Copyright (c) TickerPlant Ltd.

TNS DATA LOG: Indias Crude Oil Output - Aug 3.19 Mln Tn, Up 5.6% On Yr - 14:06

MUMBAI (TickerNews Service): Indias crude oil output in thousand tonne,detailed by ministry of petroleum and natural gas. Change on month and yearand target achieved in percent, figures in parenthesis indicate decline.Source: Ministry of Petroleum and Natural Gas. (www.petroleum.nic.in).

(Click the file attachment icon in the menu bar to see Indias crude oiloutput in tabular and graphic formats.)

Monthly Update:---------------Aug Aug month year -change on- targettarget 2015* ago ago month year achieved------- ------- ------- ------- ----- ----- --------Total 3,147.9 3,193.1 3,134.2 3,024.5 1.9 5.6 101.4-ONGC 1,934.3 1,929.2 1,880.9 1,859.6 2.6 3.7 99.7-Oil India 302.5 276.0 275.1 298.3 0.3 (7.5) 91.3-DGH(Private/JVC) 911.1 987.8 978.1 866.6 1.0 14.0 108.4

Cumulative Update:------------------Apr-Aug Apr-Aug year change on targettarget 2015-16* ago year achieved-------- -------- -------- ------- --------Total 15,367.7 15,638.3 15,557.1 0.5 101.8-ONGC 9,430.0 9,384.6 9,253.1 1.4 99.5-Oil India 1,469.9 1,388.1 1,428.7 (2.8) 94.4-DGH(Private/JVC) 4,467.9 4,865.6 4,875.3 (0.2) 108.9

* provisionalDGH = Directorate General of HydrocarbonsJVC = Joint venture companies (End)

JVC = Joint venture companies (End)

Compiled by Gargi Kudke



Crude oil prices rise sharply on Monday - 11:00

Crude oil prices bolstered higher on Monday on the back of reports of a decrease in the number of operational US oil rigs. The price rise was supported by gains recorded in USequity markets.

A crude oil trader informed that prices rose as information brought out by oilfield services company Baker Hughes stated that the number of rigs used for oil exploration dropped by8 last week to 644. This is the 3rd successive weeks where in the US, drillers have cut the number of rigs in operation, as low-priced oil is forcing a stoppage in production plans.

Crude oil prices were also pushed higher on the back of a rise in the U.S. equityindices. The Dow Jones industrial average rose 125.61 points to end at 16,510.19. The Standard &Poor’s 500 index increased 8.94 points to 1,966.97.

Nymex crude futures traded higher at USD 46.68/barrel while Dated Brent prices were up at USD 48.92/barrel. WTI Cushing prices were higher at USD 46.68/barrel.

Forward naphtha prices gain in Asia - 10:45

Open spec naphtha bid prices on Monday for the 2H of October were assessed at the USD 443.50/mt CFR Far East levels while the ask rate was at the USD 445.50/mt CFR FarEast levels.

A trader a polymerupdate team member spoke with this morning, said, "forward naphtha prices opened higher today, following a sharp rise in crude oil prices overnight.”

He added, "the forward naphtha market price indications for the 2H of October were up at the USD 448/mt levels."

US Market prices of MX as of 21st September 2015 - 17:40

thUS Market Prices of Mixed Xylene

Means of Delivery Prices in Cents/ Gallon Change

FOB US Gulf 211.75 - 211.85

Denotes no change in Prices Denotes a decline in Prices Denotes an increase in Prices

US Market prices of PX as of 21st September 2015 - 17:35

US Market Prices of Para Xylene

Means of Delivery Prices in USD/ MT Change

FOB US Gulf 785 - 790


US Market prices of Toluene as of 21st September 2015 - 17:30

US Market Prices of Toluene


FOB US Gulf 204.80 - 204.90


US Market prices of Benzene as of 21st September 2015 - 17:25

US Market Prices of Benzene


FOB US Gulf 202.75 - 202.85


US Market prices of refinery grade Propylene as of 21st September 2015 - 17:20

US Market Prices of refinery grade Propylene

Means of Delivery Prices in Cents/ LB Change

FD US Gulf 17.000 - 17.500

Denotes no change in P rices Denotes a decline in P rices Denotes an increase in P rices

US Market prices of Ethylene as of 21st September 2015 - 17:15

US Market Prices of Ethylene

Means of Delivery Prices in Cents/ LB Change

FD US Gulf 21.500 - 22.000


US Market prices of PP as of 21st September 2015 - 17:10

US Market Prices of Polypropylene Homopolymer

Means of Delivery Prices in USD/ mt Change

FAS Houston 1260-1280


US Market prices of PE as of 21st September 2015 - 17:05

US Market Prices of Polyethylene

Means ofDelivery

Prices in USD/ mt

HDPE BM Trend LDPE Trend LLDPE Trend

FAS Houston 1070-1095 1120-1140 1085-1110


Toluene prices in Europe edge higher - 17:00

Toluene prices inched higher on Monday in Europe. Prices gained in line with bullish upstream crude and gasoline values coupled with a rise in downstream benzene rates.

FOB Rotterdam prices of toluene were assessed up at the USD 600/mt levels, a gain of USD 5/mt from last Friday’s assessed levels.

Downstream benzene prices on Monday were at the USD 575/mt FOB Rotterdam levels, a sharp rise of USD 25/mt from last Friday’s assessed levels.

Meanwhile in Asia, prices of toluene on Monday were up at the USD 615/mt FOB Korea levels, a rise of USD 5/mt on the day.

Middle East Market prices of PP as of 21st September 2015 - 16:55

Middle East Market Prices of Polypropylene Raffia

Means of DeliveryPrices in USD/ mt

Change18-09-2015 21-09-2015

FOB Middle East 985 - 990 985 - 990


Middle East Market prices of PE as of 21st September 2015 - 16:50

Middle East Market Prices of Polyethylene

Means ofDelivery

Prices in USD/ mt

HDPETrend

LDPETrend

LLDPETrend

18-09-2015 21-09-2015 18-09-2015 21-09-2015 18-09-2015 21-09-2015

FOB MiddleEast

1165-1170 1165-1170 1160-1165 1160-1165 1125-1130 1125-1130


Fujian Petrochemical HDPE Grade Prices as of 21st September 2015 - 16:45

Fujian Petrochemical Prices of HDPE

Product NameSpecifications Model

(Grades)Prices in

YuanUnitprice

Trends

HDPE6094 9600 per MT

8920 10200 per MT


Sinopec Shanghai Petrochemical HDPE Grade Prices as of 21st September 2015 - 16:40

Sinopec Shanghai Petrochemical Prices of HDPE


(Grades)Prices in Yuan

Unitprice

Trends

HDPE

MH602 10000 per MT

YGH041 10600 per MT

YGH041T 10900 per MT

Denotes no change in PricesDenotes a decline inPrices

Denotes an increase in Prices

Shanghai Golden Phill ips Petrochemical HDPE Grade Prices as of 21st September 2015 - 16:35

Shanghai Golden Phillips Petrochemical Prices of HDPE


(Grades)Prices in

YuanUnit price Trends

HDPE

HHM5502 10200 per MT

HXM50100CA 10300 per MT

HHMTR210HS 10900 per MT

HHMTR480AT 10500 per MT

HXMTR550 10200 per MT



Benzene prices in Europe race higher - 16:30

Spot benzene prices in Europe firmed on Monday. The sharp price rise was on the back of higher upstream energy values.

Reports of improved demand sentiments, firmer downstream SM rates and bullish cues from Asia further supported the sharp price rise.

FOB Rotterdam prices of benzene were assessed up at the USD 575/mt levels, a sharp gain of USD 25/mt from last Friday’s assessed levels.

Downstream SM prices on Monday were higher at the USD 935/mt FOB Rotterdam levels, a spike of USD 40/mt on the day.

In Asia, prices of benzene on Monday were up at the USD 575/mt FOB Korea levels, a rise of USD 10/mt from last Friday’s assessed levels.

Maoming Petrochemical HDPE Grade Prices as of 21st September 2015 - 16:25

Maoming Petrochemical Prices of HDPE


(Grades)Prices in


HDPE

HHM5502 9800 per MT

HHMTR480 10450 per MT



LANXESS and Saudi Aramco create world-leading joint venture for synthetic rubber - 16:20

>> The world’s largest producer of synthetic rubber and the world’s largest oil and energy producer enter strategic alliance

>> LANXESS and Saudi Aramco will each hold a 50 percent interest in the joint venture

>> Joint venture valued at EUR 2.75 billion

>> Zachert comments: “This will create one of the world’s best positioned synthetic rubber companies. LANXESS will return to growth considerably sooner than expected.”

>> LANXESS plans to leverage the deal for growth, debt reduction and share buy backs

The specialty chemicals company LANXESS and Saudi Aramco plan to establish a joint venture for synthetic rubber detailed in an agreement signed today. LANXESS and SaudiAramco subsidiary, Aramco Overseas Company, will each hold a 50 percent interest in the joint venture, with annual sales of approximately three billion Euro in 2014. SaudiAramco is to pay approx. EUR 1.2 billion in cash for its 50 percent share after deducting debt and other financial liabilities. The total joint venture is valued at EUR 2.75 billion.

The transaction still requires the approval of the relevant antitrust authorities and is expected to be completed in the first half of 2016.

LANXESS will contribute its synthetic rubber business to the new joint venture. This will include the Tire & Specialty Rubbers (TSR) and the High Performance Elastomers (HPE)business units, their 20 production facilities in nine countries and some 3,700 employees and additional support staff. The high-performance rubbers manufactured by LANXESSare mainly used in the production of tires and technical applications such as hoses, belts and seals. The main customers include the automotive and tire industries but theproducts are also used in the construction industry and by oil and gas companies.

Saudi Aramco will provide the joint venture with competitive and reliable access to strategic raw materials over the medium term.

The joint venture brings together the world’s largest producer of synthetic rubber and the world’s largest oil and energy producer to form a far-reaching strategic partnership. “Thisalliance will enable us to give the rubber business a very strong competitive position and the best possible future perspectives”, said LANXESS CEO Matthias Zachert. “Together inthe future we can produce synthetic rubber in an integrated value chain from the oil field to the end product, thus establishing one of the best positioned suppliers in the worldmarket. In this way, we will be able to offer our customers even greater reliability than before.”

Abdulrahman Al-Wuhaib, Senior Vice President Downstream, Saudi Aramco said: “Through the joint venture agreement we are investing in a world-class synthetic rubber andelastomer products capability that already supplies many of the world’s largest tire and automotive-parts manufacturing customers. In addition to creating a new revenue streamfor Saudi Aramco, the agreement will spur economic growth and diversification opportunities for the Kingdom of Saudi Arabia and the Middle East region in high-volume sectors,such as tire and auto-parts manufacturing, that are dependent on higher-margin, value-added chemicals products.”

The new joint venture will be managed by a holding company headquartered in the Netherlands. The CEO will be appointed by LANXESS and the CFO will be appointed by AramcoOverseas Company. Each company will have equal representation on the JV’s board of directors. LANXESS will consolidate the JV’s financials.

With the creation of this joint venture, LANXESS is implementing the third stage of its three-phase realignment program. “We have established a completely new strategic startingpoint for our company in just over a year”, said Zachert. “Not only have we streamlined our administrative functions and already made many of our production structures andprocesses more efficient but with this joint venture in the rubber business we are delivering on the most important phase of our realignment – with the best partner possible and ina very short period of time. The resulting financial headroom will allow us to return to growth considerably sooner than expected.”

LANXESS plans to use around EUR 400 million of the proceeds from the transaction to invest in the growth of the well-positioned and less cyclical segments AdvancedIntermediates and Performance Chemicals. Another roughly EUR 400 million is earmarked for a further reduction of its financial debt position and around EUR 200 million areplanned to be used for a share buyback program.

LANXESS is a leading specialty chemicals company with sales of EUR 8.0 billion in 2014 and about 16,300 employees in 29 countries. The company is currently represented at 52

LANXESS is a leading specialty chemicals company with sales of EUR 8.0 billion in 2014 and about 16,300 employees in 29 countries. The company is currently represented at 52production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

Secco Petrochemical HDPE Grade Prices as of 9th September 2015 - 16:20

Secco Petrochemical Prices of HDPE


(Grades)Prices in

YuanUnitprice

Trends

HDPE

5301AA 9600 per MT

5401AA 9850 per MT

HD5502FA 9850 per MT


Qilu Petrochemical HDPE Grade Prices as of 9th September 2015 - 16:15

Qilu Petrochemical Prices of HDPE


(Grades)Prices in

YuanUnitprice

Trends

HDPE

DMDY-1158 10200 per MT

DGDB-2480 10150 per MT

DGDA-6098 9850 per MT

2480H 10350 per MT


Toluene prices in Europe edge higher - 16:10

Toluene prices inched higher on Monday in Europe. Prices gained in line with bullish upstream crude and gasoline values coupled with a rise in downstream benzene rates.

FOB Rotterdam prices of toluene were assessed up at the USD 600/mt levels, a gain of USD 5/mt from last Friday’s assessed levels.

Downstream benzene prices on Monday were at the USD 575/mt FOB Rotterdam levels, a sharp rise of USD 25/mt from last Friday’s assessed levels.

Meanwhile in Asia, prices of toluene on Monday were up at the USD 615/mt FOB Korea levels, a rise of USD 5/mt on the day.

TNS INDIA FX: USD/INR F&O up tracking spot as local shares plunged - 16:08

TNS INDIA FX: USD/INR F&O up tracking spot as local shares plunged - 16:08

MUMBAI, SEP 22 (TickerNews Service): ---------------------------------------------------------------------------SPOT 1-YR FWD 1-YR FWD 1-MONTH FUTURESPREMIUM ABSOLUTE

Last 65.9300-65.9400 6.53-6.58% 4.04-4.06 66.0125-66.0150Open 65.6700-65.6800 6.55-6.60% 4.03-4.05 65.7975-65.8000High 65.9500-65.9600 6.57-6.62% 4.05-4.07 66.0275-66.0300Low 65.5450-65.5550 6.53-6.58% 4.02-4.05 65.6175-65.6200(Rs)Prev 65.7200-65.7300 6.54-6.59% 4.04-4.06 65.8200-65.8225----------------------------------------------------------------------------3:50PM//USD/INR F&O up tracking spot as local shares plungedThe one-month dollar/rupee futures advanced following the dollar/rupee spot pair as there were likely outflows from local shares, dealers said."There were quite sharp outflows in the late afternoon trades, thereby making the spot pair rise and thus impacting the futures rates" said a dealer with a private sector bank.Indias benchmark index, the 30-share Sensex fell over 540 points to 25,651.84 on the Mumbai Stock Exchange, while the 50-share Nifty declined 2.07% to 7,812.Investor sentiments over the global economy deteriorated after conflicting signals from the Federal Reserve regarding the rate hike and in turn over the global economic growth.Investors are also speculating whether European Central Bank President Mario Draghi will act on stimulus needs in response to the Feds decision.The September rupee futures was trading at Rs 66.01/$1 compared to open at Rs 65.79/$1 and Rs 65.82/$1 previous close.------------------------------------------------------------------------------3:30PM//GBP/USD falls on surprising jump in public borrowing, weak UK stocksPound/dollar fell after public sector borrowing in the UK rose unexpectedly in August raising concerns over the countrys economy and as European stocks traded sharply down onconcerns over global economic health, dealers said."The figure shows fundamental strength of the UK economy, the increased deficit is negative for the currency pair," said a dealer with a private bank.Pound/dollar traded at $1.5471/pound compared to the previous close of $1.5506/pound. The UK public sector net borrowing in August ticked higher to 11.3 billion pound, compared to the estimate of 8.8 billion pounds. Higher borrowing suggests increased debt heldby the government which is unfavourable for the economy.Adding to this, the stock markets in Europe fell after concerns over global economic health rose amid conflicting signals from the Federal Reserve regarding the rate hike plans.European shares opened weak on continued concerns over global growth ahead of key China data Wednesday.Volkswagen shares plunged nearly 20 per cent on Monday after the carmaker admitted it had manipulated emissions tests.French Finance Minister Michel Sapin called for a Europe-wide probe into other carmakers which pushed the auto sector shares down. U.K. stocks fell for the third time in four days, heading for their lowest level in almost a month.Adding to the uncertanity were the comments by the Atlanta Fed President Dennis Lockhart who said on Monday afternoon that 2015 could still see Fed tightening, and that he is"comfortable enough" with inflation to initiate a hike.UKs benchmark stock index, FTSE 100 traded over 2% or 127 points down at 5,981.35Pound/rupee traded at Rs 101.86/pound compared to the previous close of Rs 101.78/$1.------------------------------------------------------------------------------2:50PM//EUR/USD at over one-week low as dollar strengthens on Fed commentsEuro/dollar extended fall for the third straight day Tuesday to trade at its lowest level in over one-week as the dollar strengthened on growing expectation of a rate hike in the USfollowing hawkish comments from key Fed officials, dealers said."Dollar strength can not be ruled out, for whatever reasons it may be, it all boils down to the rate hike this year only, for today the reason being some comments," said a dealer witha foreign bank.At 2:15PM, the euro/dollar traded at $1.1194/euro compared to open at $1.1190/euro and $1.1190/euro at previous close.The immediate support and resistance levels for the pair will be seen at $1.1080/euro and $1.1250/euro respectively, Emkay said in a note Tuesday.The US Federal Reserves rate hike fears increased as key Fed officials reiterated the central banks views that the lift-off will happen sometime this year.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."

phrase later this year is still operative."The comments from Lockhart came after the Federal Reserve Bank of San Francisco president John Williams said that the central banks decision to not cut rates was a close calland the rate hike may be initiated this year.Williams said the US job market was nearly at full strength but increased concern over the global economy and financial system led policymakers on Thursday to hold off oninterest rate hikes.The president of the Federal Reserve Bank of San Francisco, said in a speech Saturday he believes it is still appropriate to raise short-term interest rates before year-end,reiterating a timeline that remains the preference of a majority of Fed officials.Last week, the US central bank left its short-term benchmark interest rates unchanged at the monetary policy meet led by growing slowdown in global growth and volatility infinancial markets across the globe. The Fed, however, did not fail to assure the market that it still has plans to raise rates sometime this year.Meanwhile, the ECB on Monday revised down the pace of euro-zone lending growth for the past year, after changing the way the data is calculated to better reflect loans that bankshave offloaded.For the 12 months to July 2015, the growth rate of loans to the euro area private sector, households and non-financial corporations were revised downwards, on average, by 54basis points, 77 basis points and 41 basis points, respectively, the ECB said. "The new method enables a more comprehensive view of developments in loans originated by euro area banks," the ECB said. "In addition ... this new method improvescomparability through more harmonised adjusted growth rates across countries with differing practices regarding the de-recognition of transferred loans."The ECB is due to publish lending data for August on Sep 24, using this new methodology.Meanwhile, the EUR/INR traded at Rs 73.72/euro compared to open at Rs 73.52/euro and previous close of Rs 73.97/euro. The currency pair is likely to find its immediate supportat Rs 73.74/euro, while the immediate resistance will be faced at Rs 74.90/euro.------------------------------------------------------------------------------2:10PM//USD/INR NDF rebounds on FII outflows as Sensex tanks over 500 ptsDollar/rupee rebounds in offshore trades during mid-European trades Tuesday on likely overseas outflows from the local shares that saw Indias benchmark stock index, the 30-share Sensex tanking over 500 points, dealers said.Dollar/rupee in the non-deliverable forwards market maturing in one month, traded at Rs 66.07/$1 compared to Rs 66.02/$1 at open Singapore trade Tuesday and previous closeof Rs 66.02/$1, while the currency pair was trading at Rs 65.72/$1 in the onshore market.Indias benchmark index, the 30-share Sensex fell over 500 points to 25,671.41 on the Mumbai Stock Exchange.Investor sentiments over the global economy deteriorated after conflicting signals from the Federal Reserve regarding the rate hike and in turn over the global economic growth.Investors are also speculating whether European Central Bank President Mario Draghi will act on stimulus needs in response to the Feds decision.------------------------------------------------------------------------------11:45AM//1-yr frwd premia over 3wk high as importers buy on Fed rate hike fearOne-year forward premia for the dollar rose to its highest level in over three weeks as importers were seen buying the dollar in anticipation the dollar/rupee will strengthen goingahead on fears of a rate hike by the US Federal Reserve in October, dealers said."Importers related buying was seen since morning, they entered the market during morning trades itself," said a dealer with a foreign bank. "Because of the statements from Fedsome fear does creep in, a rate hike in October cannot be completely ruled out."At 11:25AM, the forward premia for the dollar maturing in one year traded at 6.57%, its highest level since Sep 3, compared to previous close of 6.54%.Premium for dollar maturing in six months traded at 6.60% compared to previous close 6.54%.Forward premium for dollar maturing in three months traded at 6.67% compared to previous close of 6.61%.Various Federal Reserve officials, over the past few days, reiterated that the central bank was in course to initiate its first lift-off in around a decade, by this year-end.The Federal Reserve can still hike interest rates this year, according to a key central bank decision-maker.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."Lockhart said the decision not to move in September was "prudent risk management," but he also said the U.S. economy is "performing solidly" and the country has met the criteriafor "further improvement in the labour markets."Wage pressure, he added, has become more widespread.Adding to this, St. Louis Fed President James Bullard said Monday its time to increase interest rates, and policymakers should not react to turmoil in financial markets.The Federal Reserves decision to leave rates unchanged last week was a "close call," Bullard said."Theres a chance," he added in an interview to CNBC. "[But] the problem with going from one meeting to the next is how much information has really changed."Last week, the US Federal Reserve left its benchmark interest rates unchanged owing to slowdown in the global economy especially China.------------------------------------------------------------------------------11AM//USD/JPY flat on doubt over US Fed action amid 3-day holiday in Japan

11AM//USD/JPY flat on doubt over US Fed action amid 3-day holiday in JapanDollar/yen traded flat Tuesday because of growing uncertainty over the US Fed interest rate stance amid lack of fresh cues from Japan on account of three-day holiday in thecountry, dealers said.Adding to this, safe-have bids for Japanes yen fell as Chinese stocks were relatively firm today especially after Chinese President Xi Jinping defended his governments economicmeasures and said slowing growth and market fluctuations wont deter needed reforms."Uncertainty about US Fed stance and lack of any news from Japan due to ongoing holiday including firmness in Chinese market is keeping the currency pair relatively unchangedtoday," a dealer with a private bank said.Dollar/yen traded at Y120.50/$1 compared to the previous close of Y120.52/$1.Though the Fed kept its key interest rates unchanged at FOMC meet last week mainly due to concern about global economic growth, yet various comments from key Fed officialsthrough the weekend indicated that officials close to Fed Chairperson Janet Yellen are gearing up for a rate hike in 2015 with one Fed official hinting of a rate hike as early asOctober.Investors are now awaiting the release of Japans July All Industry Activity Index and September manufacturing purchasing manager index on Thursday to get direction for thecurrency pair.Bank of Japan is expected to introduce more easing as it is struggling to commit to a 2% inflation target; inflationary pressure has stalled due to the decline in oil prices andsluggish demand. Investors now await the inflation data expected to be released later this week. The consumer price index (CPI) is likely to temporarily fall below 0% year-on-yearin the short term.------------------------------------------------------------------------------10:15AM//USD/INR seen at Rs 65.50/$1 on FII inflows, selling by foreign banksDollar/rupee may depreciate to Rs 65.50/$1 during intraday trades Tuesday mainly due to strong overseas fund inflows into the local stocks amid dollar selling by foreign banks,dealers said."The upper side do not looks possible today, the local currency will strengthen on selling by some foreign banks as well as some FII inflows were seen into local shares," saidNiranjani Rao, AGM-FX with Karvy Forex.At 10:15AM, the dollar/rupee traded at Rs 65.57/$1 compared to open at Rs 65.67/$1 and previous close of Rs 65.72/$1.Indias benchmark index, the S&P BSE Sensex gained 0.30% to 26,272.06 on the Mumbai stock exchange compared to open at 26,274.37, while the 50-share Nifty advanced0.30% to 8,001.30 on the National Stock exchange compared to previous close of 7,977.10.The local currency also gained as expectations of a rate cut from the Reserve Bank of India increased as inflation conditions in the country improved, monsoon revived and the USFederal Reserve sounded dovish at its policy meet.The central bank is likely to slash repo rate further by 25 bps at its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29, a TickerNews poll of 11economists showed.The RBI has lowered repo rates by 75 bps so far in 2015 in a bid to spur economic growth in the country.Indias economy grew at a slower pace of 7% in the first quarter of 2015-16 compared with the 7.5% previous quarter.Adding to this, the central bank chief has been under mounting pressure from the government as well as investors to cut interest rates further as Indias economic growth stumbledand inflation cools.Additionally, the US home resale dropped more than expected in August, a sign that the housing market was slowing down.The National Association of Realtors said on Monday existing home sales dropped 4.8% to an annual rate of 5.31 million units.Julys sales pace was revised slightly lower to 5.58 million units.Meanwhile, the downside in the local currency is also expected to be limited as the rate hike fears of the US Federal Reserve did not seem to wane out as key Fed official saw arate hike this year.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."While St. Louis Fed President James Bullard said Monday that there was "a powerful case to be made" for beginning to tighten policy in October due to improving domesticeconomy.The currency pair is expected to trade in the range of Rs 65.55-65.67/$1 Tuesday, dealers said.------------------------------------------------------------------------------9:15AM//USD/INR opens down on likely FII inflows on firm Asian, US stocksDollar/rupee opened down Tuesday on likely inflows into local shares tracking the gains in Asian and US stocks amid growing optimism of a possible rate cut by the Reserve Bankof India next week to spur growth in Asias third largest economy, dealers said."Strong opening of Asian market and hope of rate cut in India to spur growth is bringing inflows into local shares causing rupee to appreciate," a dealer with a state-run bank said.

"Strong opening of Asian market and hope of rate cut in India to spur growth is bringing inflows into local shares causing rupee to appreciate," a dealer with a state-run bank said.Dollar/rupee traded at Rs 65.56/$1 compared to Rs 65.67/$1 at open and previous close of Rs 65.72/$1.Indian shares advanced in opening trades Tuesday on hope that the Federal Reserve may hike borrowing rates this year.Global risk appetite climbed after a Federal Reserve official expressed confidence in the interest rates being hiked within this year itself.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike.Indias benchmark index, the S&P BSE Sensex gained 0.47% to 26,317.14 on the Mumbai stock exchange. The measure opened at 26,274.37 compared to previous close of25,192.75.The 50-share Nifty climbed 0.45% to 8,012.30 on the National Stock exchange. The measure opened at 8,014.80 compared to previous close of 7,977.10.Foreign institutional investors bought local shares worth Rs 1.54 billion on Monday, provisional data from NSE showed. The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.Adding to this, concerns about China too ebbed with Shanghai Composite, Chinas benchmark stock index traded at 3,177.02, up by 0.65%. Hong Kongs Hang Seng traded 153.77points up at 21,910.70.----------------------------------------------------------------------------8:55AM//USD/INR seen up on key Fed official comments supporting rate hike Dollar/rupee may open up Tuesday as expectations for a possible rate hike in October increased following hawkish comment from US Federal Reserve Bank of Atlanta presidentDennis Lockhart as well as St. Louis Federal President James Bullard, dealers said. "Conditions in the US should support a rate hike as soon as October," said a dealer with a private sector bank. Dollar/rupee may open around Rs 65.80-65.85/$1 Tuesday compared to Rs 65.72/$1 previous close.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."While St. Louis Fed President James Bullard said Monday that there was "a powerful case to be made" for beginning to tighten policy in October due to improving domesticeconomy.Meanwhile, existing home sales tumbled 4.8% in August to 5.31 million, the National Association of Realtors said Monday, the steepest month-to-month decline since January,when they fell 4.9%.Sales for July were revised down slightly to 5.58 million from 5.59 million.However sharp upside may be limited due to possibility of strong inflows into local shares tracking the gains in US and Asian stocks including growing expectations of a possiblerate cut in India to spur economic growth.The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.----------------------------------------------------------------------------8:45AM//USD/INR NDF dn for 4th-day; Dlr index gains on Fed officials commentDollar/rupee in the inter-bank offshore market extended fall for the fourth straight day on hope of strong inflows into local stocks tracking the firmness in US and Asian market, whilethe dollar index gained for the second day as another key Fed official reiterated the possibility of a rate hike this year.Dollar/rupee in the non-deliverable forwards market maturing in one month, traded at Rs 66.02/$1 compared to previous close of Rs 66.15/$1 and onshore spot previous close ofRs 65.72/$1.The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.Adding to this, existing home sales in the US tumbled 4.8% in August to 5.31 million, the National Association of Realtors said Monday, the steepest month-to-month decline sinceJanuary, when they fell 4.9%.Sales for July were revised down slightly to 5.58 million from 5.59 million.While dollar index, which measures the strength of the greenback against a basked of six major currencies, traded at 95.80 during Asian trade compared with 95.29 at close New

While dollar index, which measures the strength of the greenback against a basked of six major currencies, traded at 95.80 during Asian trade compared with 95.29 at close NewYork time.The Federal Reserve can still hike interest rates this year, according to a key central bank decision-maker.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."Denis Lockharts comments reiterated what John Williams, president of the Federal Reserve Bank of San Francisco, said in a speech over the weekend, when he said that hebelieves it is still appropriate to raise short-term interest rates before year-end, reiterating a timeline that remains the preference of a majority of Fed officials.

(End)



Maoming Petrochemical LDPE Grade Prices as of 21st September 2015 - 16:05

Maoming Petrochemical Prices of LDPE


(Grades)Prices in


LDPE

1810D 9600 per MT

2420H 9600 per MT

2426H 10050 per MT

868-000 10500 per MT

951-000 10150 per MT

951-025 9700 per MT

951-050 10150 per MT



Sinopec Shanghai Petrochemical LDPE Grade Prices as of 21st September 2015 - 16:00

Sinopec Shanghai Petrochemical Prices of LDPE



Unitprice

Trends

DJ200A 10150 per MT

DJ210 10150 per MT

LDPE N150 9950 per MT

Q210 9950 per MT

Q281 10050 per MT



Yanshan Petrochemical LDPE Grade Prices as of 21st September 2015 - 15:55

Yanshan Petrochemical Prices of LDPE


(Grades)Prices in

YuanUnitprice

Trends

LDPE

1C7A 11300 per MT

1C7A-1 11550 per MT

1I2A-1 11150 per MT

LD100AC 10100 per MT

LD100BW 10100 per MT

LD160BW 10050 per MT

LD163 10200 per MT

LD450 10100 per MT

LD605 9900 per MT


Qilu Petrochemical LDPE Grade Prices as of 21st September 2015 - 15:50

Qilu Petrochemical Prices of LDPE


(Grades)Prices in

YuanUnitprice

Trends

LDPE2100TN00 10100 per MT

2102TN26 10100 per MT


PX prices in Europe journey north - 15:45

Prices of PX firmed in Europe on Monday.

The price rise was triggered by a sharp gain in upstream energy rates.

FOB Rotterdam prices of PX were assessed higher at the USD 750/mt levels, a day on day rise of USD 10/mt.

In Asia, PX prices on Monday were assessed steady at the USD 765/mt FOB Korea levels.

Tianjin Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:40

Tianjin Petrochemical Prices of LLDPE


(Grades)Prices in

YuanUnitprice

Trends

LLDPEDFDA-9020 8900 per MT

DFDA-9085 9050 per MT


Jil in Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:35

Jilin Petrochemical Prices of LLDPE


(Grades)Prices in

YuanUnitprice

Trends

LLDPE DFDA-7042 9150 per MT


Secco Shanghai Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:30

Secco Shanghai Petrochemical Prices of LLDPE



Unitprice

Trends

0209AA 9300 per MT

LLDPE

0209AA 9300 per MT

0220AA 9300 per MT

0220KJ 9300 per MT



Fujian Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:25

Fujian Petrochemical Prices of LLDPE


(Grades)Prices in

YuanUnitprice

Trends


DFDC-7050 9200 per MT


Yangzi Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:20

Yangzi Petrochemical Prices of LLDPE


(Grades)Prices in

YuanUnitprice

Trends

LLDPE

YLF-1801 9250 per MT

YLF-1802 9300 per MT



SM prices surge in Europe - 15:15

SM prices in Europe bolstered higher on Monday. The steep price increase was on the back of improved buying interest coupled with limited product availability in the region.

Firmer upstream benzene values and higher SM rates in Asia further supported the price rise.

FOB Rotterdam prices of SM were assessed up at the USD 935/mt levels, a sharp rise of USD 40/mt from last Friday.

Upstream benzene prices on Monday were higher at the USD 575/mt FOB Rotterdam levels, a gain of USD 25/mt from last Friday’s assessed levels.

Upstream benzene prices on Monday were higher at the USD 575/mt FOB Rotterdam levels, a gain of USD 25/mt from last Friday’s assessed levels.

In Asia, SM prices on Monday were higher at the USD 900/mt FOB Korea levels, a rise of USD 10/mt on the day.

Maoming Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:10

Maoming Petrochemical Prices of LLDPE


(Grades)Prices in





Qilu Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:05

Qilu Petrochemical Prices of LLDPE


(Grades)Prices in

YuanUnitprice

Trends



Guangzhou Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:00

Guangzhou Petrochemical Prices of LLDPE


(Grades)Prices in

YuanUnitprice

Trends




TNS INDIA FX:EUR/USD at over one-week low as dollar strengthens on Fed comments - 14:59

MUMBAI, SEP 22 (TickerNews Service): ---------------------------------------------------------------------------SPOT 1-YR FWD 1-YR FWD 1-MONTH FUTURESPREMIUM ABSOLUTE

Last 65.8600-65.8700 6.54-6.59% 4.04-4.06 65.9300-65.9325Open 65.6700-65.6800 6.55-6.60% 4.03-4.05 65.7975-65.8000High 65.8725-65.8825 6.57-6.62% 4.05-4.07 65.9600-65.9625Low 65.5450-65.5550 6.54-6.59% 4.02-4.05 65.6175-65.6200(Rs)Prev 65.7200-65.7300 6.54-6.59% 4.04-4.06 65.8200-65.8225----------------------------------------------------------------------------2:50PM//EUR/USD at over one-week low as dollar strengthens on Fed commentsEuro/dollar extended fall for the third straight day Tuesday to trade at its lowest level in over one-week as the dollar strengthened on growing expectation of a rate hike in the USfollowing hawkish comments from key Fed officials, dealers said."Dollar strength can not be ruled out, for whatever reasons it may be, it all boils down to the rate hike this year only, for today the reason being some comments," said a dealer witha foreign bank.At 2:15PM, the euro/dollar traded at $1.1194/euro compared to open at $1.1190/euro and $1.1190/euro at previous close.The immediate support and resistance levels for the pair will be seen at $1.1080/euro and $1.1250/euro respectively, Emkay said in a note Tuesday.The US Federal Reserves rate hike fears increased as key Fed officials reiterated the central banks views that the lift-off will happen sometime this year.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."The comments from Lockhart came after the Federal Reserve Bank of San Francisco president John Williams said that the central banks decision to not cut rates was a close calland the rate hike may be initiated this year.Williams said the US job market was nearly at full strength but increased concern over the global economy and financial system led policymakers on Thursday to hold off oninterest rate hikes.The president of the Federal Reserve Bank of San Francisco, said in a speech Saturday he believes it is still appropriate to raise short-term interest rates before year-end,reiterating a timeline that remains the preference of a majority of Fed officials.Last week, the US central bank left its short-term benchmark interest rates unchanged at the monetary policy meet led by growing slowdown in global growth and volatility infinancial markets across the globe. The Fed, however, did not fail to assure the market that it still has plans to raise rates sometime this year.Meanwhile, the ECB on Monday revised down the pace of euro-zone lending growth for the past year, after changing the way the data is calculated to better reflect loans that bankshave offloaded.For the 12 months to July 2015, the growth rate of loans to the euro area private sector, households and non-financial corporations were revised downwards, on average, by 54basis points, 77 basis points and 41 basis points, respectively, the ECB said. "The new method enables a more comprehensive view of developments in loans originated by euro area banks," the ECB said. "In addition ... this new method improvescomparability through more harmonised adjusted growth rates across countries with differing practices regarding the de-recognition of transferred loans."The ECB is due to publish lending data for August on Sep 24, using this new methodology.Meanwhile, the EUR/INR traded at Rs 73.72/euro compared to open at Rs 73.52/euro and previous close of Rs 73.97/euro. The currency pair is likely to find its immediate supportat Rs 73.74/euro, while the immediate resistance will be faced at Rs 74.90/euro.------------------------------------------------------------------------------2:10PM//USD/INR NDF rebounds on FII outflows as Sensex tanks over 500 ptsDollar/rupee rebounds in offshore trades during mid-European trades Tuesday on likely overseas outflows from the local shares that saw Indias benchmark stock index, the 30-share Sensex tanking over 500 points, dealers said.Dollar/rupee in the non-deliverable forwards market maturing in one month, traded at Rs 66.07/$1 compared to Rs 66.02/$1 at open Singapore trade Tuesday and previous closeof Rs 66.02/$1, while the currency pair was trading at Rs 65.72/$1 in the onshore market.Indias benchmark index, the 30-share Sensex fell over 500 points to 25,671.41 on the Mumbai Stock Exchange.Investor sentiments over the global economy deteriorated after conflicting signals from the Federal Reserve regarding the rate hike and in turn over the global economic growth.Investors are also speculating whether European Central Bank President Mario Draghi will act on stimulus needs in response to the Feds decision.

Investors are also speculating whether European Central Bank President Mario Draghi will act on stimulus needs in response to the Feds decision.------------------------------------------------------------------------------11:45AM//1-yr frwd premia over 3wk high as importers buy on Fed rate hike fearOne-year forward premia for the dollar rose to its highest level in over three weeks as importers were seen buying the dollar in anticipation the dollar/rupee will strengthen goingahead on fears of a rate hike by the US Federal Reserve in October, dealers said."Importers related buying was seen since morning, they entered the market during morning trades itself," said a dealer with a foreign bank. "Because of the statements from Fedsome fear does creep in, a rate hike in October cannot be completely ruled out."At 11:25AM, the forward premia for the dollar maturing in one year traded at 6.57%, its highest level since Sep 3, compared to previous close of 6.54%.Premium for dollar maturing in six months traded at 6.60% compared to previous close 6.54%.Forward premium for dollar maturing in three months traded at 6.67% compared to previous close of 6.61%.Various Federal Reserve officials, over the past few days, reiterated that the central bank was in course to initiate its first lift-off in around a decade, by this year-end.The Federal Reserve can still hike interest rates this year, according to a key central bank decision-maker.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."Lockhart said the decision not to move in September was "prudent risk management," but he also said the U.S. economy is "performing solidly" and the country has met the criteriafor "further improvement in the labour markets."Wage pressure, he added, has become more widespread.Adding to this, St. Louis Fed President James Bullard said Monday its time to increase interest rates, and policymakers should not react to turmoil in financial markets.The Federal Reserves decision to leave rates unchanged last week was a "close call," Bullard said."Theres a chance," he added in an interview to CNBC. "[But] the problem with going from one meeting to the next is how much information has really changed."Last week, the US Federal Reserve left its benchmark interest rates unchanged owing to slowdown in the global economy especially China.------------------------------------------------------------------------------11AM//USD/JPY flat on doubt over US Fed action amid 3-day holiday in JapanDollar/yen traded flat Tuesday because of growing uncertainty over the US Fed interest rate stance amid lack of fresh cues from Japan on account of three-day holiday in thecountry, dealers said.Adding to this, safe-have bids for Japanes yen fell as Chinese stocks were relatively firm today especially after Chinese President Xi Jinping defended his governments economicmeasures and said slowing growth and market fluctuations wont deter needed reforms."Uncertainty about US Fed stance and lack of any news from Japan due to ongoing holiday including firmness in Chinese market is keeping the currency pair relatively unchangedtoday," a dealer with a private bank said.Dollar/yen traded at Y120.50/$1 compared to the previous close of Y120.52/$1.Though the Fed kept its key interest rates unchanged at FOMC meet last week mainly due to concern about global economic growth, yet various comments from key Fed officialsthrough the weekend indicated that officials close to Fed Chairperson Janet Yellen are gearing up for a rate hike in 2015 with one Fed official hinting of a rate hike as early asOctober.Investors are now awaiting the release of Japans July All Industry Activity Index and September manufacturing purchasing manager index on Thursday to get direction for thecurrency pair.Bank of Japan is expected to introduce more easing as it is struggling to commit to a 2% inflation target; inflationary pressure has stalled due to the decline in oil prices andsluggish demand. Investors now await the inflation data expected to be released later this week. The consumer price index (CPI) is likely to temporarily fall below 0% year-on-yearin the short term.------------------------------------------------------------------------------10:15AM//USD/INR seen at Rs 65.50/$1 on FII inflows, selling by foreign banksDollar/rupee may depreciate to Rs 65.50/$1 during intraday trades Tuesday mainly due to strong overseas fund inflows into the local stocks amid dollar selling by foreign banks,dealers said."The upper side do not looks possible today, the local currency will strengthen on selling by some foreign banks as well as some FII inflows were seen into local shares," saidNiranjani Rao, AGM-FX with Karvy Forex.At 10:15AM, the dollar/rupee traded at Rs 65.57/$1 compared to open at Rs 65.67/$1 and previous close of Rs 65.72/$1.Indias benchmark index, the S&P BSE Sensex gained 0.30% to 26,272.06 on the Mumbai stock exchange compared to open at 26,274.37, while the 50-share Nifty advanced0.30% to 8,001.30 on the National Stock exchange compared to previous close of 7,977.10.The local currency also gained as expectations of a rate cut from the Reserve Bank of India increased as inflation conditions in the country improved, monsoon revived and the USFederal Reserve sounded dovish at its policy meet.

Federal Reserve sounded dovish at its policy meet.The central bank is likely to slash repo rate further by 25 bps at its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29, a TickerNews poll of 11economists showed.The RBI has lowered repo rates by 75 bps so far in 2015 in a bid to spur economic growth in the country.Indias economy grew at a slower pace of 7% in the first quarter of 2015-16 compared with the 7.5% previous quarter.Adding to this, the central bank chief has been under mounting pressure from the government as well as investors to cut interest rates further as Indias economic growth stumbledand inflation cools.Additionally, the US home resale dropped more than expected in August, a sign that the housing market was slowing down.The National Association of Realtors said on Monday existing home sales dropped 4.8% to an annual rate of 5.31 million units.Julys sales pace was revised slightly lower to 5.58 million units.Meanwhile, the downside in the local currency is also expected to be limited as the rate hike fears of the US Federal Reserve did not seem to wane out as key Fed official saw arate hike this year.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."While St. Louis Fed President James Bullard said Monday that there was "a powerful case to be made" for beginning to tighten policy in October due to improving domesticeconomy.The currency pair is expected to trade in the range of Rs 65.55-65.67/$1 Tuesday, dealers said.------------------------------------------------------------------------------9:15AM//USD/INR opens down on likely FII inflows on firm Asian, US stocksDollar/rupee opened down Tuesday on likely inflows into local shares tracking the gains in Asian and US stocks amid growing optimism of a possible rate cut by the Reserve Bankof India next week to spur growth in Asias third largest economy, dealers said."Strong opening of Asian market and hope of rate cut in India to spur growth is bringing inflows into local shares causing rupee to appreciate," a dealer with a state-run bank said.Dollar/rupee traded at Rs 65.56/$1 compared to Rs 65.67/$1 at open and previous close of Rs 65.72/$1.Indian shares advanced in opening trades Tuesday on hope that the Federal Reserve may hike borrowing rates this year.Global risk appetite climbed after a Federal Reserve official expressed confidence in the interest rates being hiked within this year itself.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike.Indias benchmark index, the S&P BSE Sensex gained 0.47% to 26,317.14 on the Mumbai stock exchange. The measure opened at 26,274.37 compared to previous close of25,192.75.The 50-share Nifty climbed 0.45% to 8,012.30 on the National Stock exchange. The measure opened at 8,014.80 compared to previous close of 7,977.10.Foreign institutional investors bought local shares worth Rs 1.54 billion on Monday, provisional data from NSE showed. The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.Adding to this, concerns about China too ebbed with Shanghai Composite, Chinas benchmark stock index traded at 3,177.02, up by 0.65%. Hong Kongs Hang Seng traded 153.77points up at 21,910.70.----------------------------------------------------------------------------8:55AM//USD/INR seen up on key Fed official comments supporting rate hike Dollar/rupee may open up Tuesday as expectations for a possible rate hike in October increased following hawkish comment from US Federal Reserve Bank of Atlanta presidentDennis Lockhart as well as St. Louis Federal President James Bullard, dealers said. "Conditions in the US should support a rate hike as soon as October," said a dealer with a private sector bank. Dollar/rupee may open around Rs 65.80-65.85/$1 Tuesday compared to Rs 65.72/$1 previous close.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."While St. Louis Fed President James Bullard said Monday that there was "a powerful case to be made" for beginning to tighten policy in October due to improving domestic

While St. Louis Fed President James Bullard said Monday that there was "a powerful case to be made" for beginning to tighten policy in October due to improving domesticeconomy.Meanwhile, existing home sales tumbled 4.8% in August to 5.31 million, the National Association of Realtors said Monday, the steepest month-to-month decline since January,when they fell 4.9%.Sales for July were revised down slightly to 5.58 million from 5.59 million.However sharp upside may be limited due to possibility of strong inflows into local shares tracking the gains in US and Asian stocks including growing expectations of a possiblerate cut in India to spur economic growth.The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.----------------------------------------------------------------------------8:45AM//USD/INR NDF dn for 4th-day; Dlr index gains on Fed officials commentDollar/rupee in the inter-bank offshore market extended fall for the fourth straight day on hope of strong inflows into local stocks tracking the firmness in US and Asian market, whilethe dollar index gained for the second day as another key Fed official reiterated the possibility of a rate hike this year.Dollar/rupee in the non-deliverable forwards market maturing in one month, traded at Rs 66.02/$1 compared to previous close of Rs 66.15/$1 and onshore spot previous close ofRs 65.72/$1.The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.Adding to this, existing home sales in the US tumbled 4.8% in August to 5.31 million, the National Association of Realtors said Monday, the steepest month-to-month decline sinceJanuary, when they fell 4.9%.Sales for July were revised down slightly to 5.58 million from 5.59 million.While dollar index, which measures the strength of the greenback against a basked of six major currencies, traded at 95.80 during Asian trade compared with 95.29 at close NewYork time.The Federal Reserve can still hike interest rates this year, according to a key central bank decision-maker.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."Denis Lockharts comments reiterated what John Williams, president of the Federal Reserve Bank of San Francisco, said in a speech over the weekend, when he said that hebelieves it is still appropriate to raise short-term interest rates before year-end, reiterating a timeline that remains the preference of a majority of Fed officials.

(End)



Zhongyuan Petrochemical LLDPE Grade Prices as of 21st September 2015 - 14:55

Zhongyuan Petrochemical Prices of LLDPE


(Grades)Prices in

YuanUnitprice

Trends



Daqing Petrochemical LLDPE Grade Prices as of 21st September 2015 - 14:50

Daqing Petrochemical Prices of LLDPE


(Grades)Prices in

YuanUnitprice

Trends



Isomer MX rise in Asia amid improved demand - 14:45

Isomer MX prices in Asia were assessed higher on Monday.

Gains were prompted by strong buying sentiments witnessed in the region.

FOB Korea prices of Isomer MX were assessed up at the USD 655/mt levels, a rise of USD 10/mt from last Friday.

CFR Taiwan prices were assessed higher at the USD 675/mt levels.

Downstream PX prices on Monday were steady at the USD 765/mt FOB Korea levels.

European Market prices of Methanol as of 21st September 2015 - 14:40

European Market Prices of Methanol


Change18-09-2015 21-09-2015

FOB Rotterdam Methanol 248.5 - 249.50 248.5 - 249.50


European Market prices of Styrene as of 21st September 2015 - 14:35

European Market Prices of Styrene


Change18-09-2015 21-09-2015

FOB Rotterdam Styrene 890 - 895 930 - 935


European Market prices of PX as of 21st September 2015 - 14:30

European Market Prices of ParaXylene


Change18-09-2015 21-09-2015

FOB Rotterdam PX 735 - 740 745 - 750


European Market prices of Toluene as of 21st September 2015 - 14:25

European Market Prices of Toluene


Change18-09-2015 21-09-2015

FOB Rotterdam Toluene 590 - 595 595 - 600


European Market prices of Benzene as of 21st September 2015 - 14:20

European Market Prices of Benzene


Change18-09-2015 21-09-2015

FOB Rotterdam Benzene 545 - 550 570 - 575

FOB Rotterdam Benzene 545 - 550 570 - 575


Benzene prices in Asia climb - 14:15

Benzene prices gained in Asia on Monday.

The price rise was attributed to higher upstream toluene values coupled with gains recorded in downstream SM rates.

FOB Korea prices of benzene was assessed up at the USD 575/mt FOB Korea mark, a rise of USD 10/mt from last Friday’s assessed levels.

Upstream toluene prices on Monday were assessed higher at the USD 615/mt FOB Korea levels, a gain of USD 5/mt from last Friday.

Downstream SM prices on Monday were at the USD 900/mt FOB Korea levels, a rise of USD 10/mt from last Friday’s assessed levels.

European Market prices of Propylene as of 21st September 2015 - 14:10

European Market Prices of Propylene

Means of DeliveryPrices in Euro

Change18-09-2015 21-09-2015

FD NW European 515 - 525 530 - 540

CIF NW European 490 - 500 500 - 510

Denotes no change in Prices Denotes decline in Prices Denotes increase in Prices

European Market prices of Ethylene as of 21st September 2015 - 14:05

European Market Prices of Ethylene

Means ofDelivery

PricesChange

18-09-2015 21-09-2015

FD (EURO) 850 - 860 850 - 860

CIF (USD) 965 - 975 950 - 960


European Market prices of PE as of 21st September 2015 - 14:00

European Spot Market Prices of Polyethylene

Means of Delivery

Prices in Euro/ mt

LDPETrend

LLDPETrend

18-09-2015 21-09-2015 18-09-2015 21-09-2015

FD NWE 1280-1285 1280-1285 1305 - 1310 1305 - 1310


European Market prices of PP as of 21st September 2015 - 13:55

European spot Market Prices of Polypropylene Homopolymer

Means ofDelivery

PricesChange

18-09-2015 21-09-2015

FD NWE 1050-1055 1050-1055


International Market prices of Methanol as of 21st September 2015 - 13:50

International Market Prices of Methanol

Means of DeliveryPrices (Unit: USD / MT)

Change18-09-2015 21-09-2015

CFR China 229 - 231 233 - 235

CFR SEA 254 - 256 254 - 256



International Market prices of Styrene as of 21st September 2015 - 13:45

International Market Prices of Styrene


Change18-09-2015 21-09-2015

FOB Korea 885 - 890 895 - 900


OPEC Daily Basket Price - September 21, 2015 - 13:40

The price of OPEC basket of twelve crudes stood at 43.81 dollars a barrel on Monday, compared with $44.34 the previous Friday, according to OPEC Secretariat calculations.

The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic ofIran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

TNS DATA LOG: Indias Oil Product Consumption in Aug 13.79 Mln Tn - 13:38

MUMBAI (TickerNews Service): Indias consumption of oil products in thousand tonne, change in percent. Figures in parenthesis indicate decline.Source: Ministry of Petroleum & Natural Gas.

Product Aug month chg on Apr-Aug2015 ago month 2015-16-------- -------- ------- -------- Sensitive ProductsLiquefied Petroleum Gas 1,548.90 1,576.10 (1.73) 7,585.00Super Kerosene Oil 572.70 576.40 (0.64) 2,860.60High Speed Diesel 5,444.40 5,710.40 (4.66) 30,380.40Sub Total 7,566.00 7,862.90 (3.78) 40,826.00

Major Decontrolled ProductsMotor Spirit 1,767.70 1,671.70 5.74 8,826.40Naphtha/NGL 1,112.00 1,230.50 (9.63) 5,550.70Aviation Turbine Fuel 488.60 486.00 0.53 2,457.60Light Diesel Oil 30.90 34.60 (10.69) 156.60Lubricants & Greases 236.20 238.00 (0.76) 1,269.30Fuel Oil & LSHS 540.50 552.30 (2.14) 2,620.30Bitumen 243.60 277.20 (12.12) 2,093.80Sub Total 4,419.50 4,490.30 (1.58) 22,974.70

Other Minor Decontrolled ProductsPetroleum Coke 1,230.60 1,230.70 (0.01) 6,404.40Others 575.50 521.80 10.29 2,680.20Sub Total 1,806.10 1,752.50 3.06 9,084.60

All Products total 13,791.60 14,105.70 (2.23) 72,885.30

MONTHLY UPDATE:yr/ Total chg on LPG MS Naphtha ATF SKO HSD FO & Pet othersmo month /NGL LSHS coke------- ---- ------ ------ ------ ----- ----- ------ ----- ----- ------2015Jul* 14105.7 (4.3) 1576.1 1671.7 1230.5 486.0 576.4 5710.4 552.3 1230.7 521.8Jun 14741.1 (7.0) 1487.3 1769.3 890.1 468.5 566.5 6296.4 488.0 1249.5 519.3May* 15532.2 5.6 1496.5 1834.1 1239.7 495.1 577.1 6440.0 535.1 1554.1 521.4Apr* 14714.7 1.6 1479.7 1783.6 942.4 474.8 567.9 6486.9 484.5 1125.7 504.0Mar* 14483.6 2.9 1608.8 1683.7 1046.9 493.7 589.6 5880.5 510.8 1173.1 547.8Feb* 14077.3 1.1 1510.0 1629.5 948.1 442.7 588.5 5780.1 555.2 1248.2 528.8Jan* 13927.5 (4.7) 1615.3 1628.8 895.9 477.8 568.2 5822.2 521.8 1322.5 429.7

2014Dec* 14611.0 5.2 1676.7 1629.3 894.7 469.8 599.5 6147.8 464.5 1548.9 439.5Nov* 13892.4 7.2 1573.5 1513.1 751.9 457.3 601.0 6006.6 492.0 1160.8 674.9Oct* 12954.3 1.6 1498.9 1616.2 796.9 465.3 594.6 5455.0 426.1 1080.5 458.7Sep* 12751.6 (1.1) 1550.3 1498.6 831.5 454.4 591.4 4899.3 549.3 1367.3 530.5Aug* 12896.6 (3.0) 1438.9 1598.7 956.5 465.0 591.9 5120.7 561.2 1176.5 476.6Jul 13295.5 (5.1) 1432.3 1480.5 989.7 462.2 591.3 5741.1 439.9 1149.5 510.4Jun 14007.7 (4.4) 1355.4 1610.6 945.1 450.2 595.3 6139.3 513.8 1121.6 534.9May 14651.7 9.0 1422.8 1683.4 1011.0 476.4 591.2 6476.5 528.3 1112.4 515.7Apr 13437.3 (6.0) 1349.1 1502.2 870.5 463.1 584.2 5934.7 454.2 946.4 489.0Mar 14290.5 11.3 1533.1 1488.6 978.2 494.2 593.2 6083.1 575.2 1073.1 460.3Feb 12838.0 (5.1) 1392.4 1378.9 957.4 446.8 588.8 5380.2 417.1 1020.9 409.0Jan 13522.9 (0.5) 1466.4 1383.7 990.2 483.2 604.2 5639.2 490.6 1075.1 531.1

2013Dec 13591.7 2.6 1425.6 1453.7 933.0 473.4 591.9 5972.2 522.1 889.4 444.2Nov 13253.4 0.2 1377.7 1459.9 957.5 470.3 597.1 5826.2 479.4 875.6 566.8Oct 13221.4 10.7 1399.0 1461.7 891.9 464.5 608.7 5615.1 560.2 1105.0 465.3Sep 11942.1 (4.1) 1338.1 1232.1 925.4 441.9 579.6 4908.4 459.4 1054.0 561.5Aug 12447.2 (3.2) 1318.3 1483.2 1003.2 439.8 600.6 5047.8 580.8 993.2 536.8Jul 12860.7 (1.2) 1358.5 1405.9 952.4 439.5 603.1 5399.9 606.2 1070.7 514.1Jun 13013.7 (8.6) 1209.5 1414.9 921.9 439.1 593.9 5943.0 482.5 818.4 531.7May 14238.2 8.0 1246.8 1695.7 871.0 460.5 610.4 6393.9 529.8 1020.8 465.1Apr 13187.5 (6.3) 1228.3 1270.0 923.3 451.4 593.3 6154.6 532.5 759.7 470.5Mar 14080.8 12.4 1354.5 1435.4 1018.6 481.5 621.5 6198.7 543.4 828.2 545.3Feb 12530.9 (6.6) 1281.3 1278.0 961.9 428.1 626.1 5382.9 517.7 865.6 405.9Jan 13420.8 (0.5) 1317.7 1300.9 1073.2 459.0 623.2 5798.3 621.5 1004.8 490.8

2012

2012Dec 13492.9 1.5 1305.0 1348.5 1021.7 454.5 625.0 6119.5 566.1 944.6 422.0Nov 13299.1 2.5 1279.2 1325.2 1121.2 454.3 625.2 5793.4 585.8 809.3 500.9Oct 12972.0 9.3 1298.2 1323.1 952.8 433.6 625.2 5699.7 681.9 869.5 439.7Sep 11865.2 (5.2) 1271.3 1227.0 1018.6 411.9 622.4 4938.5 703.5 784.9 431.4Aug 12514.5 (3.6) 1333.3 1313.5 1097.1 414.9 624.3 5050.9 712.3 952.5 487.4Jul 12981.3 (1.8) 1333.3 1313.5 1099.8 421.5 655.3 5745.2 731.9 763.9 487.0Jun 13219.1 (4.4) 1289.7 1341.4 962.8 421.9 630.5 6070.7 640.5 789.2 433.4May 13834.6 7.7 1315.1 1292.1 1068.7 445.0 622.9 6373.5 676.4 780.2 472.1Apr 12845.5 (5.4) 1232.3 1246.5 893.0 444.3 603.9 5908.7 675.8 742.1 393.2Mar 13597.4 9.3 1343.8 1415.4 946.7 476.3 660.2 6051.3 736.2 608.4 402.1Feb 12435.9 2.2 1336.9 1226.4 850.6 459.1 677.0 5497.6 702.4 568.3 355.6Jan 12170.9 (6.7) 1316.7 1163.6 864.7 480.3 686.9 5373.9 676.1 513.9 452.0

2011Dec 13044.9 0.2 1411.5 1338.9 860.4 482.0 681.2 5867.5 763.6 502.7 379.4Nov 13018.8 8.1 1323.4 1163.7 1038.8 478.5 679.0 5702.6 832.1 600.7 466.3Oct 12038.1 6.8 1236.8 1252.4 991.5 472.3 671.6 5340.9 763.3 472.3 336.6Sep 11275.0 0.8 1282.4 1196.7 983.8 444.7 657.2 4597.0 793.2 497.3 372.3Aug 11185.3 (4.9) 1271.7 1221.9 904.2 440.1 671.1 4577.3 819.6 416.1 450.7Jul 11761.6 (3.0) 1247.9 1212.0 959.6 450.0 689.0 5072.7 855.4 494.5 359.0Jun 12129.1 (5.8) 1214.3 1248.5 850.1 442.5 674.6 5342.5 781.7 522.7 451.2May 12879.9 2.3 1210.5 1351.1 961.2 458.7 732.3 5853.0 664.9 483.5 429.8Apr 12595.3 (1.9) 1153.9 1201.9 1009.9 451.6 748.6 5473.7 918.1 457.3 468.9Mar 12839.8 11.7 1329.7 1269.9 788.0 476.9 716.9 5486.4 947.3 531.3 326.7Feb 11493.7 (3.2) 1245.7 1136.8 766.4 421.1 750.2 4918.6 824.0 383.4 305.0Jan 11877.7 (5.7) 1280.7 1141.9 954.9 446.2 762.9 4998.9 828.0 449.5 370.3

2010Dec 12594.5 9.4 1328.8 1202.2 1012.9 451.6 737.1 5524.1 875.9 356.8 459.6Nov 11512.4 (1.1) 1200.4 1192.6 918.0 431.2 745.3 4926.9 843.1 350.0 331.1Oct 11636.3 11.2 1215.3 1188.5 737.8 434.4 753.3 4961.2 920.6 414.4 470.5Sep 10464.1 (2.5) 1168.8 1128.0 857.9 397.7 730.3 4213.3 934.6 293.2 330.7Aug 10733.6 (6.4) 1154.7 1167.5 929.1 402.8 758.5 4317.7 941.4 347.0 385.4Jul 11463.2 (3.8) 1162.7 1156.0 966.8 401.2 763.9 4839.3 915.6 407.4 404.0Jun 11919.8 (3.6) 1092.1 1242.0 853.5 401.2 709.0 5198.4 965.1 468.0 392.9May 12358.7 1.7 1072.8 1251.1 998.6 421.1 751.6 5294.9 880.6 517.6 398.5Apr 12146.5 -- 1079.4 1117.9 892.4 393.0 748.9 5391.5 913.0 463.8 394.5

FINANCIAL YEAR WISE UPDATE:Total chg on LPG MS Naphtha ATF SKO HSD FO & Pet OthersYear LSHS coke------ ---- ----- ----- ----- ---- ---- ----- ----- ---- -----2014-15 164987 4.2 18019 19075 10939 5578 7087 69404 6017 14408 61502013-14 158407 0.9 16294 17128 11305 5505 7165 68364 6236 11756 59562012-13 157057 6.0 15601 15744 12289 5271 7502 69080 7656 10135 55092011-12 148132 5.0 15350 14993 11222 5536 8229 64750 9307 6138 49242010-11 141040 2.3 14331 14194 10676 5078 8928 60071 10789 4982 45692009-10 137808 3.2 13135 12818 10134 4627 9304 56242 11629 6586 54002008-09 133599 3.6 12191 11258 13911 4423 9303 51710 12588 6166 47502007-08 128946 6.8 12010 10332 13294 4543 9365 47669 12717 5950 5604

2007-08 128946 6.8 12010 10332 13294 4543 9365 47669 12717 5950 56042006-07 120749 6.7 10849 9286 13886 3983 9505 42897 12618 5441 58342005-06 113213 1.4 10456 8647 12194 3299 9541 40191 12829 4928 46582004-05 111634 3.6 10245 8251 13993 2813 9395 39650 13540 3129 44672003-04 107751 3.5 9305 7897 11868 2484 10230 37074 12945 2877 66522002-03 104126 3.7 8351 7570 11962 2271 10404 36645 12738 2563 53212001-02 100432 -- 7728 7011 11755 2263 10431 36546 12982 1798 4604

abbreviation:LPG=Liquefied petroleum gas; MS=Motor Spirit; ATF=Aviation Turbine Fuel;SKO=Super kerosene oil; HSD=High speed diesel; FO & LSHS=Fuel oil & Low Sulphur Heavy Stock; Pet coke=Petroleum coke.

Note: Total includes Light diesel oil, lubricants & greases and bitumen.* figures are provisional--Source of information includes Oil companies, DGCIS & Major Consumers.--Consumption estimates represent market demand and is aggregate of:-sales by oil companies in domestic market, and-consumption through direct imports by private parties.--Data for company sales are actual, that of private direct import areestimated, which may undergo changes on receipt of actual data. (End)

Compiled by Geetanjali Rao



International Market prices of MEG as of 21st September 2015 - 13:35

International Market Prices of Mono Ethylene Glycol


Change18-09-2015 21-09-2015

CFR China 690 - 695 690 - 695


International Market prices of PTA as of 21st September 2015 - 13:30

International Market Prices of Purified Terephthalic Acid


Change


Change18-09-2015 21-09-2015

CFR China 570 - 575 570 - 575


International Market prices of Isomer MX as of 21st September 2015 - 13:25

International Market Prices of Isomer Mixed Xylene


Change18-09-2015 21-09-2015

FOB Korea 640 - 645 645 - 655


International Market prices of PX as of 21st September 2015 - 13:20

International Market Prices of ParaXylene


Change18-09-2015 21-09-2015

FOB Korea 760 - 765 760 - 765

CFR Taiwan 780 - 785 780 - 785

Denotes no change in Prices Denotes a decline inPrices Denotes an increase in Prices

International Market prices of Toluene as of 21st September 2015 - 13:15

International Market Prices of Toluene


Change18-09-2015 21-09-2015

FOB Korea 605 - 610 610 - 615

CFR Taiwan 645 - 650 655 - 660

CFR Taiwan 645 - 650 655 - 660


International Market prices of Benzene as of 21st September 2015 - 13:10

International Market Prices of Benzene


Change18-09-2015 21-09-2015

FOB Korea 560 - 565 570 - 575


Toluene prices edge higher in Asia - 13:05

Toluene prices in Asia inched higher on Monday.

The price rise was attributed to strong buying interest witnessed in the region coupled with gains recorded in downstream benzene values.

FOB Korea prices of toluene were assessed up at the USD 615/mt levels, a gain of USD 5/mt from last Friday’s assessed levels. CFR China prices were higher at the USD 660/mtlevels, a rise of USD 10/mt on the day.

In China, local rates of toluene were at the Yuan 5400/mt ex tank levels.

Downstream benzene prices on Monday were assessed higher at the USD 575/mt FOB Korea levels, a rise of USD 10/mt from last Friday.

International Market prices of PE as of 21st September 2015 - 13:00

International Market Prices of Polyethylene

Means ofDelivery

Prices in USD/ mt

HDPE FilmTrend

LDPETrend

LLDPETrend

18-09-2015 21-09-2015 18-09-2015 21-09-2015 18-09-2015 21-09-2015

CFR FE Asia 1175-1180 1175-1180 1170-1175 1170-1175 1135-1140 1135-1140


International Market prices of PP as of 21st September 2015 - 12:55

International Market Prices of Polypropylene Injection/Raffia


Change18-09-2015 21-09-2015

CFR Far East Asia/Raffia 995 - 1000 995 - 1000

CFR Far East Asia/Injection 995 - 1000 995 - 1000


International Market prices of Ethylene as of 21st September 2015 - 12:50

International Market Prices of Ethylene


Change18-09-2015 21-09-2015

CFR Northeast Asia 835 - 840 865 - 870


Asian Market prices of Ethylene as of 21st September 2015 - 12:45

Asian Market Prices of Ethylene


Change18-09-2015 21-09-2015

CFR South East Asia 805 - 810 835 - 840


Far East Market prices of Propylene as of 21st September 2015 - 12:40

Far East Market Prices of Propylene


Change18-09-2015 21-09-2015

FOB Korea 595 - 600 585 - 590


SNAPSHOT: Kenya market as of September 21, 2015 - 12:35

Soft buying activity was recorded in the open markets of Kenya on Monday.

PPCP was at KSH 170-171/kg levels while PPHP was at KSH 168-169/kg levels.

HDPE film prices were at KSH 168-169/kg levels and LDPE film was at KSH 168-169/kg levels. LLDPE film was pegged at KSH 168-169/kg levels.

PVC prices were at KSH 112-113/kg levels.

SNAPSHOT: Nigeria market as of September 21, 2015 - 12:30

Steady buying sentiments were witnessed in the open markets of Nigeria on Monday.

PPCP was at NGN 375-380/kg levels while PPHP was at NGN 370-375/kg levels.

HDPE film prices were at NGN 380-385/kg levels and LDPE film was at NGN 380-385/kg levels. LLDPE film was pegged at NGN 375-380/kg levels.

PVC prices were at NGN 255-260/kg levels.

SNAPSHOT: Sri Lanka market as of September 21, 2015 - 12:25

Soft buying action was recorded in the open markets of Sri Lanka on Monday.

PP Raffia prices were at LKR 255-260/kg levels. PP film was at LKR 285-290/kg levels while PP injection was at LKR 260-265/kg levels.

HDPE film prices were at LKR 250-255/kg while HD Blowmoulding was at LKR 260-265/kg levels. LLDPE film was pegged at LKR 260-265/kg levels.

LDPE film was at LKR 265-270/kg levels.

Asian propylene prices continue to quote lower - 12:20

Despite a week on week rise in upstream naphtha values, propylene prices in Asia dropped on Monday.

Reports of sluggish buying trends and ample product avails, wielded downward pressure on spot propylene rates.

FOB Korea prices of propylene were assessed lower at the USD 590/mt levels, a fall of USD 10/mt from last Friday’s assessed levels.

CFR China prices were down at the USD 640/mt levels, a drop of USD 10/mt on the day.

In the downstream markets, PP raffia and PP injection prices were assessed at the USD 1000/mt CFR Far East Asia levels, a week on week gain of USD 10/mt.

SNAPSHOT: Bangladesh market as of September 21, 2015 - 12:15

Steady buying activity continued in the open markets of Bangladesh on Monday.

PP film was at BDT 128-129/kg levels while PP injection was at BDT 126-127/kg levels.

HDPE film prices were at BDT 136-137/kg levels while HDPE injection was at BDT 136-137/kg levels. HD Blowmoulding was at BDT 138-139/kg levels. LLDPE film was pegged atBDT 128-129/kg levels. LDPE film was at BDT 144-145/kg levels.

PVC prices were at BDT 87-88/kg levels.

SNAPSHOT: Pakistan (Lahore) market as of September 21, 2015 - 12:10

A soft buying activity was noticed in the open markets of Lahore on Monday.

PP Raffia prices were at PKR 155-156/kg levels. PP film was at PKR 162-163/kg levels while PP injection was at PKR 160-161/kg levels.

HDPE film prices were at PKR 173-174/kg while HD Blowmoulding was at PKR 177-178/kg levels. LLDPE film was pegged at PKR 174-175/kg levels.

LDPE film was at PKR 174-175/kg levels.

SNAPSHOT: Pakistan (Karachi) market as of September 21, 2015 - 12:05

Buying activity maintained a steady undertone in the open markets of Karachi on Monday.

PP Raffia prices were at PKR 152-153/kg levels. PP film was at PKR 159-160/kg levels while PP injection was at PKR 157-158/kg levels.

HDPE film prices were at PKR 171-172/kg while HD Blowmoulding was at PKR 174-175/kg levels. LLDPE film was pegged at PKR 171-172/kg levels.

LDPE film was at PKR 174-175/kg levels.

FPC offers PVC in India - 12:00

A Polymerupdate source in India reported that Formosa, Taiwan is heard to have offered its PVC resin suspension grade at the USD 850/mt levels.

This offer is for October 2015 shipment, on a CIF Nhava Sheva port basis.

Mumbai Traded Chemical Prices (Drum) as on 22-09-2015 - 11:55

Open Market prices of Aromatics & Intermediates as of today

Item Name DrumPrices (Rs/kg)

ACETONITRILE (Taiwan) 124 - 125

ACRYLIC ACID (China) 84 - 85

BISPHENOL A 82 - 83

BUTYL ACRYLATE MONOMER (China) 96 - 97

BUTYL ACRYLATE MONOMER (Korea) 101 - 102

CYCLOHEXANONE 95 - 96

CYCLOHEXANE (Korea) 83 - 84

DIOCTYL PHTHALATE 86 - 87

EPICHLOROHYDRIN (Taiwan) 102 - 103

EPOXY RESIN (75%) 130 - 131

EPOXY RESIN (100%) 147 - 148

PER CHLORO ETHYLENE 50 - 51

TRI ETHANOL AMINE 94 - 95

ISOPHTHALIC ACID 90 - 91

MALEIC ANHYDRIDE (China) 63 - 64

MALEIC ANHYDRIDE (Malaysia) 66 - 67

MALEIC ANHYDRIDE (Taiwan) 66 - 67

PHTHALIC ANHYDRIDE 57 - 58

MELAMINE (China) 110 - 111

SOLVENT C9 66.50 - 67

N-PROPYL ACETATE 104 - 105

Note - Prices mentioned above are approximate Ex-Bhiwandi prices and are subject to change.Note - These prices are basic exclusive of excise & local VAT.Note - The price reports are based on information gathered from a cross section of the industry that includesproducers, traders and distributors.

Mumbai Traded Chemical Prices (Bulk) as on 22-09-2015 - 11:50

Open Market prices of Aromatics & Intermediates as of today

Item Name Bulk Prices (Rs/kg) Location

2-ETHYLHEXANOL (2EH) 67 - 68 Ex. Kandla

ACETIC ACID 30 - 31 Ex. Kandla

ACETIC ACID 29.50 - 30 Ex. Mumbai

ACETONE 46 - 47 Ex. Mumbai

ACETONE 45 - 46 Ex. Kandla

BUTYL ACETATE 62 - 63 Ex. Kandla

BUTYL GLYCOL ETHER 74 - 76 Ex. Kandla

BUTYL DIGLYCOL ETHER 91 - 92 Ex. Kandla

CYCLOHEXANONE 82 - 83 Ex. Kandla

CAUSTIC SODA LYE 24.50 - 25 Ex. Mumbai

ETHYLENE DI CHLORIDE 23.50 - 24 Ex. Pipavav

ETHYLENE DI CHLORIDE 23.50 - 24 Ex. Pipavav

SOLVENT C10 62 - 63 Ex. Kandla

SOLVENT C 9 56.50 - 57 Ex. Kandla

METHANOL 18.25 - 19 Ex. Kandla

METHANOL 18.25 - 19 Ex. Mumbai

METHYL ISOBUTYL KETONE 98 - 99 Ex. Mumbai

METHYL ETHYL KETONE 69 - 70 Ex- Kandla

MONO ETHYLENE GLYCOL 53 - 54 Ex. Mumbai

N HEXANE 48 - 49 Ex. Kandla

PROPANOL 77 - 78 Ex. Kandla

ORTHO XYLENE 59 - 60 Ex. Mumbai

PHENOL 67 - 68 Ex. Kandla

H - PHENOL (Korea) 68 - 69 Ex. Kandla

H - PHENOL (Taiwan) 59.50 - 60 Ex. Kandla

M - PHENOL (Korea) 68.50 - 69 Ex. Kandla

PROPYLENE GLYCOL 85 - 86 Ex. Kandla

TOLUENE 47.50 - 48 Ex. Kandla

TOLUENE 48.50 - 49 Ex. Mumbai

STYRENE MONOMER 73 - 74 Ex. Kandla

STYRENE MONOMER 74 - 75 Ex. Mumbai

VINYL ACETATE MONOMER 58.50 - 59 Ex. Kandla

VINYL ACETATE MONOMER 65 - 66 Ex. Mundra

Note- These prices are basic exclusive of excise & local VAT.Note- The price reports are based on information gathered from a cross section of the industry that includesproducers, traders and distributors.

producers, traders and distributors.

SNAPSHOT: Nepal market as of September 21, 2015 - 11:45

The buying momentum remained steady in the open markets of Nepal on Monday.

PP raffia was at NPR. 210/kg levels, PP film was at NPR. 200/kg levels while PP injection was at NPR. 210/kg levels.

HMHDPE prices in the open markets were at NPR. 220/kg levels while HDPE raffia was at NPR. 215/kg levels. HDPE injection was at NPR 210/kg levels. HD Blowmoulding was atNPR. 205/kg levels. LLDPE film was pegged at NPR. 200/kg levels. LDPE film was at NPR. 205/kg levels.

PVC prices were at NPR. 120/kg.

Domestic market prices of EVA as of September 21, 2015 - 11:40

The purchase pulse was soft in the open markets of Mumbai and Delhi, on Monday.

Mumbai Market: EVA prices were at Rs. 112-112.50/kg levels.

Delhi Market: EVA prices were at Rs. 119-120/kg levels.

SNAPSHOT: Tirupati market as of September 21, 2015 - 11:35

Buying trends were very slow in the open markets of Tirupati, on Monday.

PP raffia was at Rs. 91-92/kg while PP film was at Rs. 95-95.50 /kg levels while PP injection was at Rs. 90-90.50 /kg levels.

HMHDPE prices were at Rs. 105-105.50/kg levels. HDPE injection prices were at Rs. 102.50-103/kg levels and HDPE Blowmoulding was at Rs. 104.50-105/kg levels. LLDPE filmprices were at Rs. 102-102.50/kg levels.

LDPE film was at Rs. 113-114 /kg levels.

(Note: The above prices are inclusive of Excise Duty but not VAT)

ALTIVIA Petrochemicals, LLC acquires Haverhil l Chemicals Phenol-Acetone-AMS-BPA facil ities in Ohio - 11:30

ALTIVIA Petrochemicals announced that it has signed a definitive agreement to acquire all of Haverhill Chemicals' assets for their Phenol, Acetone, Alpha-Methylstyrene (AMS) andBisPhenol-A (BPA) businesses. The facilities are located on the banks of the Ohio River in Haverhill, Ohio, formerly operated by Sunoco. Haverhill Chemicals filed for relief underChapter 11 of the U.S. Bankruptcy Code on September 19. Closing of this transaction, which is subject to approval by the Bankruptcy Court, is expected in October.

The chemicals produced at the Haverhill facilities are intermediates utilized in the production of phenolic resins, epoxies, polycarbonates, paints and coatings, pharmaceuticals,acrylics, and heat resistant polymers.

According to ALTIVIA, entering this business will provide the company opportunities to participate in commodity products controlled by global players. The business' locationprovides a geographical advantage to the supply chain of its robust customer base.

About ALTIVIAHeadquartered in Houston, Texas, privately held ALTIVIA was founded in 1986 and today is the largest merchant producer of Phosgene derivative intermediates in the Americas.ALTIVIA is also a producer of iron-based salts serving municipal and industrial customers with a broad range of chemical solutions, including products formulated for specificwater treatment applications. ALTIVIA sold its water treatment commodity chemicals business to Brenntag A.G. in December 2012 and in April 2015 acquired the SpecialtyPhosgene Derivatives business' assets from Axiall Corporation. The transaction included Axiall's chemical production facilities located in La Porte, Texas. The plant is the largestNorth American production facility of merchant phosgene derivatives, including chloroformates and acid chlorides, serving pharmaceutical, organic peroxide and agriculturalmarkets.

SNAPSHOT: Kerala market as of September 21, 2015 - 11:25

The buying mood was steady in the open Markets of Kerala on Monday.

PP raffia was at Rs. 89-90/kg and PP film was at Rs. 91-92/kg levels while PP injection was at Rs. 89-90/kg levels.

HMHDPE prices in the open markets were at Rs. 108-108.50/kg levels while HD Blowmoulding was at Rs. 105-105.50/kg levels while HD injection was at Rs. 104-104.50. LLDPEfilm was pegged at Rs. 100-100.50 /kg levels.

LDPE film was at Rs. 108-108.50 /kg levels.


SNAPSHOT: Punjab market as of September 21, 2015 - 11:20

Slow buying trends were observed on Monday in the open markets of Punjab.

PP raffia was at Rs. 95-96/kg levels while PP film was at Rs. 98-99/kg levels while PP injection was at Rs. 94-95/kg levels.

HMHDPE prices in the open markets were at Rs. 108-109/kg levels while HDPE injection was at Rs. 107-108/kg levels. HD Blowmoulding was at Rs. 108-109/kg levels. LLDPEfilm was pegged at Rs. 108-109/kg levels.

LDPE film was at Rs. 117-118/kg levels.


SM buying sentiments improve in Asia - 11:15

Styrene Monomer (SM) prices in Asia edged higher on Monday. Supporting the price rise was improved buying trends in the region, bullish feedstock ethylene values coupled witha rise in upstream benzene rates.

FOB Korea prices of SM were assessed up at the USD 900/mt levels, a gain of USD 10/mt from last Friday’s assessed levels.

CFR China prices were assessed higher at the USD 920/mt levels, a rise of USD 5/mt from last Friday.

Feedstock ethylene prices on Monday were at the USD 870/mt CFR North East Asia levels, a sharp increase of USD 30/mt on the day.

In the domestic markets of China, SM prices were assessed up at the Yuan 7630/mt ex tank levels.

Feedstock benzene prices on Monday were assessed at the USD 575/mt FOB Korea levels, a gain of USD 10/mt from last Friday’s assessed levels.

SNAPSHOT: Hyderabad market as of September 21, 2015 - 11:10

Soft buying trends were witnessed in the open markets of Hyderabad on Monday.

PP raffia was at Rs.92-92.50/kg levels, while PP injection was at Rs.92-92.50/kg levels while PP film was at Rs. 96-96.50/kg levels.

HMHDPE prices in Hyderabad’s open markets were at Rs.110-111.50/kg levels while it was heard that HDPE injection was at Rs.106-106.50/kg levels while HD Blowmouldingwas at Rs.110-110.50/kg levels. LLDPE film was at Rs. 108-108.50/kg levels. LDPE film was at Rs. 114-114.50/kg.

Ethylene based PVC prices were at Rs. 76-76.50/kg levels.


SNAPSHOT: Kanpur market as of September 21, 2015 - 11:05

Buying trends were very soft on Monday in the open markets of Kanpur.

PP raffia was at Rs. 90-90.50/kg levels, PP film was at Rs 93-93.50/kg levels while PP injection was at Rs. 88-88.50/kg levels.

HMHDPE prices in the open markets were at Rs. 107-107.50/kg levels while HDPE injection was at Rs. 104-104.50/kg levels. HD Blowmoulding was at Rs. 104-104.50/kg levelswhile HDPE raffia was at Rs. 105-105.50/kg levels. LLDPE film prices were at Rs. 105-105.50/kg levels.

LDPE film was at Rs. 118-118.50/kg levels.


SNAPSHOT: Rajasthan market as of September 21, 2015 - 10:55

The purchase pulse continued to remain slow in the open markets of Rajasthan, on Monday.

PP raffia was at Rs. 90-90.50/kg levels, PP film was at Rs. 93-93.50/kg levels while PP injection was at Rs. 90-90.50/kg levels.HMHDPE prices in the open markets were at Rs. 105-106/kg levels while HDPE injection was at Rs. 103-104/kg levels. HD Blowmoulding was at Rs. 103-104/kg levels. LLDPEfilm was at Rs. 102-103/kg levels.

LDPE film was at Rs. 113-114/kg levels.



SNAPSHOT: Ahmedabad market as of September 21, 2015 - 10:50

Buying remained steady in the open markets of Ahmedabad on Monday.

PP raffia was at Rs.93-94/kg levels, PP film was at Rs. 96-97/kg levels while PP injection was at Rs. 93-94/kg levels. PP random was at Rs. 103-104/kg levels while PPCP was atRs. 96-97/kg.

HMHDPE prices in the open markets were at Rs. 108-109/kg levels while HDPE injection was at Rs. 105-106/kg levels while HD Blowmoulding was at Rs. 106-107/kg levels.LLDPE film was at Rs. 105-106/kg levels. LDPE film was at Rs. 111-112/kg levels.

Ethylene based PVC prices were at Rs. 76-77/kg levels.


SNAPSHOT: Chennai market as of September 21, 2015 - 10:40

The buying activity continued to remain soft in the open markets of Chennai on Monday.

PP raffia was at Rs. 87-88/kg levels. PP film prices were at Rs. 92-93/kg levels while PP injection was at Rs. 89-90/kg levels.

HMHDPE prices in Chennai’s open markets were at Rs. 105-106/kg levels while it was heard that HDPE raffia was at Rs. 104-105/kg levels. HDPE injection was at Rs. 102-103/kglevels. HD Blowmoulding was at Rs. 106.50-107.50/kg levels. LLDPE film was at Rs. 103.50-104.50/kg levels. LDPE film was at Rs. 109-110/kg levels.

Ethylene based PVC prices (inclusive of VAT) were at Rs. 73-74/kg levels.


SNAPSHOT: Indore market as of September 21, 2015 - 10:35

The buying mood was slow on Monday in the open markets of Indore.


HMHDPE prices in Indore’s open markets were at Rs. 108-109/kg levels while HDPE Injection was at Rs. 105-106/kg levels. HD Blowmoulding was at Rs. 105-106/kg levels.LLDPE film was at Rs. 105-106/kg levels. LDPE film was at Rs. 113-114/kg levels.

Ethylene based PVC was at Rs 76.50-77/kg levels.


Market Synopsis as of September 21, 2015 - 10:30

Market Synopsis as of September 21, 2015

Product Trend Comments

Crude OilCrude oil prices bolstered higher on Monday on the back of a decrease in the number of US oil rigs. The price rise was supported bygains recorded in US equity markets. Nymex crude futures traded higher at USD 46.68/barrel while Dated Brent prices were up atUSD 48.92/barrel. WTI Cushing prices were higher at USD 46.68/barrel.

Rupee vs Dollar The rupee ends up on Monday tracking the strength of the US greenback against other emerging market currencies.Closing USD-INR Spot: 66.72

Asia Market

Market Scenario In Far East Asia, HDPE, LDPE, LLDPE and PP prices were assessed steady, on Monday.

Ethylene NEA USD 870/mt, up USD 30/mt. CFR SEA at USD 840/mt, up USD 30/mt. The sharp price gain was a result of strong buying andtight product avails.

Propylene FOB Korea USD 590/mt, down USD 10/mt. CFR China USD 640/mt, down USD 10/mt. Prices fell on the back of ample productavails and weak demand trends in the reigon.

Polymers

HDPE CFR FEA : HDPE film USD 1180/mt (NC).

LDPE film CFR FEA : USD 1175/mt (NC).

LLDPE film CFR FEA : USD 1140/mt (NC).

PP CFR FEA : PP raffia USD 1000/mt (NC). PP injection USD 1000/mt (NC).

Aromatics FOB Korea : Benzene USD 575/mt, up USD 10/mt, Toluene USD 615/mt, up USD 5/mt. SM USD 900/mt, up USD 10/mt. Pricesgained on the back of higher upstream energy values and improved demand sentiments in the region.

Offers No fresh import offers were heard in the markets.

Domestic Market

Market Scenario On Monday, the purchase pulse was soft in the open markets of India.

SNAPSHOT: Bangalore market as of September 21, 2015 - 10:25

Slow buying trend was witnessed in the open markets of Bangalore on Monday.

PP raffia was at Rs. 90-90.50/kg levels, while PP injection was at Rs. 90-90.50/kg levels while PP film was at Rs. 94-94.50/kg levels.

HMHDPE prices in Bangalore’s open markets were at Rs. 108.50-109/kg it was heard that HD Blowmoulding was at Rs. 108-108.50/kg levels while HDPE injection was at Rs.104-104.50/kg levels. LLDPE film was at Rs. 106-106.50/kg levels. LDPE film was at Rs. 112-112.50/kg levels.



SNAPSHOT: Kolkata market as of September 21, 2015 - 10:20

A steady buying momentum was recorded in the open markets of Kolkata on Monday.


HMHDPE prices were at Rs. 106-107/kg levels, HDPE injection was at Rs. 104-105/kg levels While HD Blowmoulding was at Rs. 105-106/kg levels. LLDPE film was at Rs. 107-108/kg levels. LDPE film was at Rs. 119-120/kg levels.

Ethylene based PVC was at Rs. 75-75.50kg levels.

(Note: The above prices are inclusive of Excise Duty, Transportation charges and VAT)

TNS INDIA FX:USD/INR seen at Rs 65.50/$1 on FII inflows, dlr sell ing by foreign banks - 10:17

MUMBAI, SEP 22 (TickerNews Service): ---------------------------------------------------------------------------SPOT 1-YR FWD 1-YR FWD 1-MONTH FUTURESPREMIUM ABSOLUTELast 65.5550-65.5650 6.54-6.59% 4.02-4.04 65.6275-65.6300Open 65.6700-65.6800 6.55-6.60% 4.03-4.05 65.7975-65.8000High 65.6700-65.6800 6.55-6.60% 4.03-4.05 65.7975-65.8000Low 65.5450-65.5550 6.54-6.59% 4.02-4.05 65.6175-65.6200(Rs)Prev 65.7200-65.7300 6.54-6.59% 4.04-4.06 65.8200-65.8225----------------------------------------------------------------------------10:15AM//USD/INR seen at Rs 65.50/$1 on FII inflows, selling by foreign banksDollar/rupee may depreciate to Rs 65.50/$1 during intraday trades Tuesday mainly due to strong overseas fund inflows into the local stocks amid dollar selling by foreign banks,dealers said."The upper side do not looks possible today, the local currency will strengthen on selling by some foreign banks as well as some FII inflows were seen into local shares," saidNiranjani Rao, AGM-FX with Karvy Forex.At 10:15AM, the dollar/rupee traded at Rs 65.57/$1 compared to open at Rs 65.67/$1 and previous close of Rs 65.72/$1.Indias benchmark index, the S&P BSE Sensex gained 0.30% to 26,272.06 on the Mumbai stock exchange compared to open at 26,274.37, while the 50-share Nifty advanced0.30% to 8,001.30 on the National Stock exchange compared to previous close of 7,977.10.The local currency also gained as expectations of a rate cut from the Reserve Bank of India increased as inflation conditions in the country improved, monsoon revived and the USFederal Reserve sounded dovish at its policy meet.The central bank is likely to slash repo rate further by 25 bps at its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29, a TickerNews poll of 11economists showed.The RBI has lowered repo rates by 75 bps so far in 2015 in a bid to spur economic growth in the country.Indias economy grew at a slower pace of 7% in the first quarter of 2015-16 compared with the 7.5% previous quarter.Adding to this, the central bank chief has been under mounting pressure from the government as well as investors to cut interest rates further as Indias economic growth stumbledand inflation cools.Additionally, the US home resale dropped more than expected in August, a sign that the housing market was slowing down.The National Association of Realtors said on Monday existing home sales dropped 4.8% to an annual rate of 5.31 million units.Julys sales pace was revised slightly lower to 5.58 million units.Meanwhile, the downside in the local currency is also expected to be limited as the rate hike fears of the US Federal Reserve did not seem to wane out as key Fed official saw arate hike this year.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."While St. Louis Fed President James Bullard said Monday that there was "a powerful case to be made" for beginning to tighten policy in October due to improving domesticeconomy.The currency pair is expected to trade in the range of Rs 65.55-65.67/$1 Tuesday, dealers said.------------------------------------------------------------------------------9:15AM//USD/INR opens down on likely FII inflows on firm Asian, US stocksDollar/rupee opened down Tuesday on likely inflows into local shares tracking the gains in Asian and US stocks amid growing optimism of a possible rate cut by the Reserve Bankof India next week to spur growth in Asias third largest economy, dealers said."Strong opening of Asian market and hope of rate cut in India to spur growth is bringing inflows into local shares causing rupee to appreciate," a dealer with a state-run bank said.Dollar/rupee traded at Rs 65.56/$1 compared to Rs 65.67/$1 at open and previous close of Rs 65.72/$1.Indian shares advanced in opening trades Tuesday on hope that the Federal Reserve may hike borrowing rates this year.

Indian shares advanced in opening trades Tuesday on hope that the Federal Reserve may hike borrowing rates this year.Global risk appetite climbed after a Federal Reserve official expressed confidence in the interest rates being hiked within this year itself.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike.Indias benchmark index, the S&P BSE Sensex gained 0.47% to 26,317.14 on the Mumbai stock exchange. The measure opened at 26,274.37 compared to previous close of25,192.75.The 50-share Nifty climbed 0.45% to 8,012.30 on the National Stock exchange. The measure opened at 8,014.80 compared to previous close of 7,977.10.Foreign institutional investors bought local shares worth Rs 1.54 billion on Monday, provisional data from NSE showed. The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.Adding to this, concerns about China too ebbed with Shanghai Composite, Chinas benchmark stock index traded at 3,177.02, up by 0.65%. Hong Kongs Hang Seng traded 153.77points up at 21,910.70.----------------------------------------------------------------------------8:55AM//USD/INR seen up on key Fed official comments supporting rate hike Dollar/rupee may open up Tuesday as expectations for a possible rate hike in October increased following hawkish comment from US Federal Reserve Bank of Atlanta presidentDennis Lockhart as well as St. Louis Federal President James Bullard, dealers said. "Conditions in the US should support a rate hike as soon as October," said a dealer with a private sector bank. Dollar/rupee may open around Rs 65.80-65.85/$1 Tuesday compared to Rs 65.72/$1 previous close.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."While St. Louis Fed President James Bullard said Monday that there was "a powerful case to be made" for beginning to tighten policy in October due to improving domesticeconomy.Meanwhile, existing home sales tumbled 4.8% in August to 5.31 million, the National Association of Realtors said Monday, the steepest month-to-month decline since January,when they fell 4.9%.Sales for July were revised down slightly to 5.58 million from 5.59 million.However sharp upside may be limited due to possibility of strong inflows into local shares tracking the gains in US and Asian stocks including growing expectations of a possiblerate cut in India to spur economic growth.The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.----------------------------------------------------------------------------8:45AM//USD/INR NDF dn for 4th-day; Dlr index gains on Fed officials commentDollar/rupee in the inter-bank offshore market extended fall for the fourth straight day on hope of strong inflows into local stocks tracking the firmness in US and Asian market, whilethe dollar index gained for the second day as another key Fed official reiterated the possibility of a rate hike this year.Dollar/rupee in the non-deliverable forwards market maturing in one month, traded at Rs 66.02/$1 compared to previous close of Rs 66.15/$1 and onshore spot previous close ofRs 65.72/$1.The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.Adding to this, existing home sales in the US tumbled 4.8% in August to 5.31 million, the National Association of Realtors said Monday, the steepest month-to-month decline sinceJanuary, when they fell 4.9%.Sales for July were revised down slightly to 5.58 million from 5.59 million.While dollar index, which measures the strength of the greenback against a basked of six major currencies, traded at 95.80 during Asian trade compared with 95.29 at close NewYork time.The Federal Reserve can still hike interest rates this year, according to a key central bank decision-maker.

The Federal Reserve can still hike interest rates this year, according to a key central bank decision-maker.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."Denis Lockharts comments reiterated what John Williams, president of the Federal Reserve Bank of San Francisco, said in a speech over the weekend, when he said that hebelieves it is still appropriate to raise short-term interest rates before year-end, reiterating a timeline that remains the preference of a majority of Fed officials.

(End)



TNS INDIA FX:USD/INR seen at Rs 65.50/$1 on FII inflows, dlr sell ing by foreign banks - 10:17

MUMBAI, SEP 22 (TickerNews Service): ---------------------------------------------------------------------------SPOT 1-YR FWD 1-YR FWD 1-MONTH FUTURESPREMIUM ABSOLUTELast 65.5550-65.5650 6.54-6.59% 4.02-4.04 65.6275-65.6300Open 65.6700-65.6800 6.55-6.60% 4.03-4.05 65.7975-65.8000High 65.6700-65.6800 6.55-6.60% 4.03-4.05 65.7975-65.8000Low 65.5450-65.5550 6.54-6.59% 4.02-4.05 65.6175-65.6200(Rs)Prev 65.7200-65.7300 6.54-6.59% 4.04-4.06 65.8200-65.8225----------------------------------------------------------------------------10:15AM//USD/INR seen at Rs 65.50/$1 on FII inflows, selling by foreign banksDollar/rupee may depreciate to Rs 65.50/$1 during intraday trades Tuesday mainly due to strong overseas fund inflows into the local stocks amid dollar selling by foreign banks,dealers said."The upper side do not looks possible today, the local currency will strengthen on selling by some foreign banks as well as some FII inflows were seen into local shares," saidNiranjani Rao, AGM-FX with Karvy Forex.At 10:15AM, the dollar/rupee traded at Rs 65.57/$1 compared to open at Rs 65.67/$1 and previous close of Rs 65.72/$1.Indias benchmark index, the S&P BSE Sensex gained 0.30% to 26,272.06 on the Mumbai stock exchange compared to open at 26,274.37, while the 50-share Nifty advanced0.30% to 8,001.30 on the National Stock exchange compared to previous close of 7,977.10.The local currency also gained as expectations of a rate cut from the Reserve Bank of India increased as inflation conditions in the country improved, monsoon revived and the USFederal Reserve sounded dovish at its policy meet.The central bank is likely to slash repo rate further by 25 bps at its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29, a TickerNews poll of 11economists showed.The RBI has lowered repo rates by 75 bps so far in 2015 in a bid to spur economic growth in the country.Indias economy grew at a slower pace of 7% in the first quarter of 2015-16 compared with the 7.5% previous quarter.Adding to this, the central bank chief has been under mounting pressure from the government as well as investors to cut interest rates further as Indias economic growth stumbledand inflation cools.Additionally, the US home resale dropped more than expected in August, a sign that the housing market was slowing down.The National Association of Realtors said on Monday existing home sales dropped 4.8% to an annual rate of 5.31 million units.Julys sales pace was revised slightly lower to 5.58 million units.Meanwhile, the downside in the local currency is also expected to be limited as the rate hike fears of the US Federal Reserve did not seem to wane out as key Fed official saw arate hike this year.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate a

Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."While St. Louis Fed President James Bullard said Monday that there was "a powerful case to be made" for beginning to tighten policy in October due to improving domesticeconomy.The currency pair is expected to trade in the range of Rs 65.55-65.67/$1 Tuesday, dealers said.------------------------------------------------------------------------------9:15AM//USD/INR opens down on likely FII inflows on firm Asian, US stocksDollar/rupee opened down Tuesday on likely inflows into local shares tracking the gains in Asian and US stocks amid growing optimism of a possible rate cut by the Reserve Bankof India next week to spur growth in Asias third largest economy, dealers said."Strong opening of Asian market and hope of rate cut in India to spur growth is bringing inflows into local shares causing rupee to appreciate," a dealer with a state-run bank said.Dollar/rupee traded at Rs 65.56/$1 compared to Rs 65.67/$1 at open and previous close of Rs 65.72/$1.Indian shares advanced in opening trades Tuesday on hope that the Federal Reserve may hike borrowing rates this year.Global risk appetite climbed after a Federal Reserve official expressed confidence in the interest rates being hiked within this year itself.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike.Indias benchmark index, the S&P BSE Sensex gained 0.47% to 26,317.14 on the Mumbai stock exchange. The measure opened at 26,274.37 compared to previous close of25,192.75.The 50-share Nifty climbed 0.45% to 8,012.30 on the National Stock exchange. The measure opened at 8,014.80 compared to previous close of 7,977.10.Foreign institutional investors bought local shares worth Rs 1.54 billion on Monday, provisional data from NSE showed. The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.Adding to this, concerns about China too ebbed with Shanghai Composite, Chinas benchmark stock index traded at 3,177.02, up by 0.65%. Hong Kongs Hang Seng traded 153.77points up at 21,910.70.----------------------------------------------------------------------------8:55AM//USD/INR seen up on key Fed official comments supporting rate hike Dollar/rupee may open up Tuesday as expectations for a possible rate hike in October increased following hawkish comment from US Federal Reserve Bank of Atlanta presidentDennis Lockhart as well as St. Louis Federal President James Bullard, dealers said. "Conditions in the US should support a rate hike as soon as October," said a dealer with a private sector bank. Dollar/rupee may open around Rs 65.80-65.85/$1 Tuesday compared to Rs 65.72/$1 previous close.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."While St. Louis Fed President James Bullard said Monday that there was "a powerful case to be made" for beginning to tighten policy in October due to improving domesticeconomy.Meanwhile, existing home sales tumbled 4.8% in August to 5.31 million, the National Association of Realtors said Monday, the steepest month-to-month decline since January,when they fell 4.9%.Sales for July were revised down slightly to 5.58 million from 5.59 million.However sharp upside may be limited due to possibility of strong inflows into local shares tracking the gains in US and Asian stocks including growing expectations of a possiblerate cut in India to spur economic growth.The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.----------------------------------------------------------------------------8:45AM//USD/INR NDF dn for 4th-day; Dlr index gains on Fed officials commentDollar/rupee in the inter-bank offshore market extended fall for the fourth straight day on hope of strong inflows into local stocks tracking the firmness in US and Asian market, while

Dollar/rupee in the inter-bank offshore market extended fall for the fourth straight day on hope of strong inflows into local stocks tracking the firmness in US and Asian market, whilethe dollar index gained for the second day as another key Fed official reiterated the possibility of a rate hike this year.Dollar/rupee in the non-deliverable forwards market maturing in one month, traded at Rs 66.02/$1 compared to previous close of Rs 66.15/$1 and onshore spot previous close ofRs 65.72/$1.The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.Adding to this, existing home sales in the US tumbled 4.8% in August to 5.31 million, the National Association of Realtors said Monday, the steepest month-to-month decline sinceJanuary, when they fell 4.9%.Sales for July were revised down slightly to 5.58 million from 5.59 million.While dollar index, which measures the strength of the greenback against a basked of six major currencies, traded at 95.80 during Asian trade compared with 95.29 at close NewYork time.The Federal Reserve can still hike interest rates this year, according to a key central bank decision-maker.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."Denis Lockharts comments reiterated what John Williams, president of the Federal Reserve Bank of San Francisco, said in a speech over the weekend, when he said that hebelieves it is still appropriate to raise short-term interest rates before year-end, reiterating a timeline that remains the preference of a majority of Fed officials.

(End)



SNAPSHOT: Delhi market as of September 21, 2015 - 10:10

A weak buying activity was noticed on Monday in the open markets of Delhi.

PP raffia was at Rs. 90.50-91/kg levels. PP film prices were at Rs. 95-95.50/kg levels while PP injection was at Rs. 90.50-91/kg levels.

HMHDPE prices in Delhi’s open markets were at Rs. 105.50-106/kg levels while it was heard that HDPE raffia was at Rs. 104.50-105.50/kg levels. HDPE injection was at Rs.103.50-104/kg levels. HD Blowmoulding was at Rs. 105-105.50/kg levels.

LLDPE film was at Rs. 106-106.50/kg levels. LDPE film was at Rs. 113.50-114/kg levels.

Ethylene based PVC was at Rs. 76-76.50//kg levels.


SNAPSHOT: Mumbai market as of September 21, 2015 - 10:05

The purchase pulse was soft in the open markets of Mumbai on Monday.

PP raffia was at Rs. 90-90.50/kg levels, PP film was at Rs. 95-96/kg levels while PP injection was at Rs. 89-89.50/kg levels.

PP raffia was at Rs. 90-90.50/kg levels, PP film was at Rs. 95-96/kg levels while PP injection was at Rs. 89-89.50/kg levels.

HMHDPE prices were at Rs. 106-107/kg levels while HDPE raffia was at Rs.104-105/kg levels. HDPE injection prices were at Rs. 103-103.50/kg levels and HDPE Blowmouldingwas at Rs. 106-107/kg levels. LLDPE film prices were at Rs. 104-104.50/kg levels while LDPE film was at Rs. 111-112/kg levels.



Domestic Prices of Dichloroethane China as of 21st September 2015 - 09:55

Domestic China Prices of Dichloroethane

Dichloroethane Prices are in Yuan/ MT Trends

East China 2480 - 2480


Domestic Prices of Cyclohexanone China as of 21st September 2015 - 09:50

Domestic China Prices of Cyclohexanone

Cyclohexanone Prices are in Yuan/ MT Trends



Domestic Prices of Methylethyl Ketone China as of 21st September 2015 - 09:45

Domestic China Prices of Methylethyl Ketone

Domestic China Prices of Methylethyl Ketone

Methylethyl Ketone Prices are in Yuan/ MT Trends


South China 5500 - 5575


PS plant planned to be taken off-stream by Hyundai Engineering Plastics - 09:40

Hyundai Engineering Plastics is in plans to shut its polystyrene (PS) plant for amaintenance turnaround.

A Polymerupdate source in South Korea informed that the plant is likely to be shut towards the end of October 2015. It is expected to remain off-stream for around 15-20 days.

Located at Ulsan in South Korea, the PS plant has a production capacity of 120,000 mt/year.

Domestic Prices of Bisphenol-A China as of 21st September 2015 - 09:35

Domestic China Prices of Bisphenol-A (BPA)

Bisphenol-A (BPA) Prices are in Yuan/ MT Trends



Domestic Prices of Phenol China as of 21st September 2015 - 09:30

Domestic China Prices of Phenol tomorrow

Phenol Prices are in Yuan/ MT Trends


North China 6250 - 6238



TNS INDIA FX: USD/INR opens down on likely FII inflows on firm Asian, US stocks - 09:28

MUMBAI, SEP 22 (TickerNews Service): -SPOT 1-YR FWD 1-YR FWD 1-MONTH FUTURESPREMIUM ABSOLUTELast 65.5700-65.5800 - 65.6475-65.6500Open 65.6700-65.6800 - 65.7975-65.8000High 65.6700-65.6800 - 65.7975-65.8000Low 65.5500-65.5600 - a65.6175-65.6200(Rs)Prev 65.7200-65.7300 6.54-6.59 4.04-4.06 65.8200-65.8225

9:15AM//USD/INR opens down on likely FII inflows on firm Asian, US stocksDollar/rupee opened down Tuesday on likely inflows into local shares tracking the gains in Asian and US stocks amid growing optimism of a possible rate cut by the Reserve Bankof India next week to spur growth in Asias third largest economy, dealers said."Strong opening of Asian market and hope of rate cut in India to spur growth is bringing inflows into local shares causing rupee to appreciate," a dealer with a state-run bank said.Dollar/rupee traded at Rs 65.56/$1 compared to Rs 65.67/$1 at open and previous close of Rs 65.72/$1.Indian shares advanced in opening trades Tuesday on hope that the Federal Reserve may hike borrowing rates this year.Global risk appetite climbed after a Federal Reserve official expressed confidence in the interest rates being hiked within this year itself.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike.Indias benchmark index, the S&P BSE Sensex gained 0.47% to 26,317.14 on the Mumbai stock exchange. The measure opened at 26,274.37 compared to previous close of25,192.75.The 50-share Nifty climbed 0.45% to 8,012.30 on the National Stock exchange. The measure opened at 8,014.80 compared to previous close of 7,977.10.Foreign institutional investors bought local shares worth Rs 1.54 billion on Monday, provisional data from NSE showed. The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.Adding to this, concerns about China too ebbed with Shanghai Composite, Chinas benchmark stock index traded at 3,177.02, up by 0.65%. Hong Kongs Hang Seng traded 153.77points up at 21,910.70.

8:55AM//USD/INR seen up on key Fed official comments supporting rate hike Dollar/rupee may open up Tuesday as expectations for a possible rate hike in October increased following hawkish comment from US Federal Reserve Bank of Atlanta presidentDennis Lockhart as well as St. Louis Federal President James Bullard, dealers said. "Conditions in the US should support a rate hike as soon as October," said a dealer with a private sector bank. Dollar/rupee may open around Rs 65.80-65.85/$1 Tuesday compared to Rs 65.72/$1 previous close.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-used

"As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."While St. Louis Fed President James Bullard said Monday that there was "a powerful case to be made" for beginning to tighten policy in October due to improving domesticeconomy.Meanwhile, existing home sales tumbled 4.8% in August to 5.31 million, the National Association of Realtors said Monday, the steepest month-to-month decline since January,when they fell 4.9%.Sales for July were revised down slightly to 5.58 million from 5.59 million.However sharp upside may be limited due to possibility of strong inflows into local shares tracking the gains in US and Asian stocks including growing expectations of a possiblerate cut in India to spur economic growth.The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.

8:45AM//USD/INR NDF dn for 4th-day; Dlr index gains on Fed officials commentDollar/rupee in the inter-bank offshore market extended fall for the fourth straight day on hope of strong inflows into local stocks tracking the firmness in US and Asian market, whilethe dollar index gained for the second day as another key Fed official reiterated the possibility of a rate hike this year.Dollar/rupee in the non-deliverable forwards market maturing in one month, traded at Rs 66.02/$1 compared to previous close of Rs 66.15/$1 and onshore spot previous close ofRs 65.72/$1.The Reserve Bank of India is likely to cut repo rate by 25 basis points next week on easing inflation, revival in monsoon rainfall and dovish interest rate stance of US FederalReserve, a poll of eleven economists and debt fund managers showed Monday.RBI, which has lowered the benchmark rate by 75bps so far in 2015 in three instalments, is scheduled to hold its fourth Bi-monthly Monetary Policy Review for the fiscal year 2015-16 on Sep 29.Adding to this, existing home sales in the US tumbled 4.8% in August to 5.31 million, the National Association of Realtors said Monday, the steepest month-to-month decline sinceJanuary, when they fell 4.9%.Sales for July were revised down slightly to 5.58 million from 5.59 million.While dollar index, which measures the strength of the greenback against a basked of six major currencies, traded at 95.80 during Asian trade compared with 95.29 at close NewYork time.The Federal Reserve can still hike interest rates this year, according to a key central bank decision-maker.Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is "comfortable enough" with inflation to initiate ahike."As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment," he said in prepared remarks. "I am confident the much-usedphrase later this year is still operative."Denis Lockharts comments reiterated what John Williams, president of the Federal Reserve Bank of San Francisco, said in a speech over the weekend, when he said that hebelieves it is still appropriate to raise short-term interest rates before year-end, reiterating a timeline that remains the preference of a majority of Fed officials.

(End)



Domestic Prices of Acetone China as of 21st September 2015 - 09:25

Domestic China Prices of Acetone

Acetone Prices are in Yuan/ MT Trends




Celanese & Mitsui to begin operations early next month - 09:20

A Joint venture between Celanese and Mitsui plans to start operations at the new methanol plant

A Polymerupdate source in the US informed that the joint venture company is in plans to commence operations at the methanol plant early next month. The company eyes toachieve on-spec production by early December 2015.

Located at Clear Lake, Texas in the US, the new methanol plant has a production capacity of 1.3 MMT/year.

Domestic Prices of Dioctyl Phthalate China as of 21st September 2015 - 09:15

Domestic China Prices of Dioctyl Phthalate (DOP)

Products Prices are in Yuan/ MT Trends

Dioctyl Phthalate (East China) 7100 - 7175

Dioctyl Phthalate (CFR China) $ 949 - 951


Domestic Prices of Phthalic Diamide (PA) China as of 21st September 2015 - 09:10

Domestic China Prices of Phthalic Diamide (PA)


Phthalic Diamide (East China) 5800 - 5800

East, from the mention 7300 - 7375


Domestic China prices of Adipic Acid as of 21st September 2015 - 09:05

Domestic China Prices of Adipic Acid

Producer Prices are in Yuan/MT Trends

Liaoyang Petrochemical Fiber Co 10538-11050

ShanDong HongYe 10013-10063


SM plant shut by Shell - 09:00

Shell cananda has shut a styrene monomer (SM) plant for maintenance turnaround.

A Polymerupdate source in Alberta informed that the company has stopped the operations at its SM plant on September 9, 2015. It is expected remain off-stream for around 7weeks.

Located at Scotford, Alberta in Western Canada the plant has a production capacity of 450,000 mt/year.

Domestic Prices of Diethylene Glycol China as of 21st September 2015 - 08:55

Domestic China Prices of Diethylene Glycol (DEG)

Diethylene Glycol Prices are in Yuan/ MT Trends




Domestic Prices of Monoethylene Glycol China as of 21st September 2015 - 08:55

Domestic Prices of Monoethylene Glycol China as of 21st September 2015 - 08:55

Domestic China Prices of Monoethylene Glycol (MEG)

Monoethylene Glycol Prices are in Yuan/ MT Trends




Domestic Prices of Isobutyl Alcohol & Isooctanol China as of 21st September 2015 - 08:45

Domestic China Prices of Isobutyl Alcohol & Isooctanol

ProductsPrices are in Yuan/ MT Trends

Isobutyl Alcohol (East China) 5600 - 5600

Isooctanol (East China) 6300 - 6300


PVC plant to be restarted by Suzhou Huasu Plastics - 08:40

Suzhou Huasu Plastics is likely to resume production at its polyvinyl chloride (PVC) plant.

A Polymerupdate source in China informed that the plant was shut was taken off-stream in mid-September 2015 for a maintenance turnaround. The company is expected to restartoperations at its PVC plant by this weekend.

Located in Jiangsu province, China, the plant has a production capacity of 130,000 mt/year.

Domestic Prices of Methanol & N-Butanol China as of 21st September 2015 - 08:35

Domestic China Prices of Methanol & N-Butanol


Methanol (East China) 1920 - 1973

Methanol (East China) 1920 - 1973

N-Butanol (East China) 5100 - 5138


Domestic Prices of Ortho Xylene China as of 21st September 2015 - 08:30

Domestic Prices of China Ortho Xylene (OX)


O-Xylene (East China) 5800 - 5875


Domestic Prices of Mixed Xylene China as of 21st September 2015 - 08:25

Domestic China Prices of Mixed Xylene (MX)


SolventNational Standard(Jiang Su) 5700 - 5738

SolventNational Standard(Zhe Jiang) 5750 - 5788

SolventNational Standard(Hua Nan) 5650 - 5688


PVC plant i lkely to be shut by Formosa - 08:20

Formosa Plastics Corp (FPC) is in plans to shut its polyvinyl chloride (PVC) plant for a maintenance turnaround.

A Polymerupdate source in China informed that the plant is expected to be taken off-stream in end-October 2015. It is planned to remain shut for around 7 days.

Located at Ningbo in Zhejiang province of China, the plant has a production capacity of 400,000 mt/year.

Domestic Prices of Toluene China as of 21st September 2015 - 08:15

Domestic China Prices of Toluene


SolventNational Standard (Jiang Su) 5325 - 5363

SolventNational Standard (Zhe Jiang) 5450 - 5488

SolventNational Standard (Hua Nan) 5550 - 5588


Domestic Prices of Styrene China as of 21st September 2015 - 08:10

Domestic China Prices of Styrene

Styrene Prices are in Yuan/ MT Trends


South China 7600- 7638


Domestic Prices of Pure Benzene China as of 21st September 2015 - 08:05

Domestic China Prices of Pure Benzene

Pure Benzene Prices are in Yuan/ MT Trends





Ethylene prices in Asia journey northward - 08:00

Ethylene prices in Asia bolstered higher on Monday. Gains were prompted by improved buying interest witnessed in major markets like China.

A week on week rise in upstream naphtha values coupled with constrained regional product avails further pushed prices higher in Asia.

CFR North East Asia prices of ethylene were assessed up at the USD 870/mt levels, a sharp rise of USD 30/mt from last Friday’s assessed levels.

CFR South East Asia prices were assessed higher at the USD 840/mt levels, a spike of USD 30/mt on the day.

In the downstream markets, HDPE film prices were assessed up at the USD 1180/mt CFR Far East Asia levels, a week on week rise of USD 20/mt. LLDPE film prices were at theUSD 1140/mt CFR Far East Asia levels, up USD 10/mt from the previous week. LDPE film prices were steady at the USD 1175/mt CFR Far East Asia levels.

In plant news, CSPCL is likely to shut its cracker in October 2015 for a maintenance turnaround. The cracker is expected to remain off-stream for around 45-50 days. Located inHuizhou, Guangdong province, the cracker has an ethylene production capacity of 950,000 mt/year and propylene capacity of 500,000 mt/year.

In other plant news, CPC is in plans to shut its 380,000 mt/year No.4 cracker, located in Linyuan, Taiwan, in early November 2015 for a maintenance turnaround. The cracker isexpected to remain off-stream by around 50-55 days.

Domestic Prices of Caustic Soda China as of 21st September 2015 - 07:50

Domestic China prices of Caustic Soda

Products Prices are in Yuan/ MT Trend

Caustic Soda Flakes 96% 2925-3100

Caustic Soda Flakes 99% 2325-2375

Diaphragm Caustic Soda Liquid 30% 903-915

Caustic Soda Liquid (IM) 32% 615-685


Yangzi BASF Petrochemical Polymer Product Prices as of 21st September 2015 - 07:45

Yangzi BASF Petrochemical Prices of Polystyrene


(Grades)Prices in


GPPS143E 9300 per MT

158K 9300 per MT

158K 9300 per MT

HIPS466F 9400 per MT

476L 9400 per MT


Yangzi Petrochemical Polymer Product Prices as of 21st September 2015 - 07:35

Yangzi Petrochemical Prices of Polypropylene

Product Name Specifications Model Prices in YuanUnitprice

Trends

PP

F401 8150 per MT

S1004 7800 per MT

S700 8200 per MT

J340 8350 per MT

K8003 8350 per MT


SM plant to be shut by NSCC in Q1 2016 - 07:30

Nippon Steel Chemical Company (NSCC) is in plans to shut its styrene monomer (SM) plant for maintenance.

A Polymerupdate source in Japan informed that the plant is likely to be shut in mid-March 2016 for a maintenance turnaround. The plant is planned to remain off-stream for aroundone month.

Located in Oita, Japan, the plant has a production capacity of 190,000 mt/year.

Zhanjiang Dongxing Petrochemical Polymer Product Prices as of 21st September 2015 - 07:20

Zhanjiang Dongxing Petrochemical Prices of Polypropylene


(Grades)Prices in Yuan Unit price Trends

PP

T30S 7750 per MT

T36F 7800 per MT

V30G 7800 per MT



Zhongyuan Petrochemical Polymer Product Prices as of 21st September 2015 - 07:15

Zhongyuan Petrochemical Prices of Polypropylene



PP T30S 7900 per MT


Zhenhai Refinery Polymer Product Prices as of 21st September 2015 - 07:05

Zhenhai Refinery Prices of Polypropylene

Product Name Specifications ModelPrices in


PPT30S 7900 per MT

F280Z 7800 per MT


SBR plant l ikely to be shut by KKPC - 07:00

Korea Kumho Petrochemical Co (KKPC) will be taking off-stream its styrene butadiene rubber (SBR) plant for a maintenance turnaround.

A Polymerupdate source in South Korea informed that the plant will be shut in H2 October 2015. It is expected to remain off-stream for around 15 -20 days.

Located at Ulsan in South Korea, the plant has a production capacity of 560,000 mt/year.

Yanshan Petrochemical Polymer Product Prices as of 21st September 2015 - 06:50

Yanshan Petrochemical Prices of Polypropylene


(Grades)Prices in

YuanUnitprice

Trends

S1003 7900 per MT

PP K8303 9650 per MT

K7726 9200 per MT


Wuhan Phoenix Polymer Product Prices as of 21st September 2015 - 06:45

Wuhan Phoenix Prices of Polypropylene



PPT30S 7900 per MT

T36F 7950 per MT


Tianjin Petrochemical Polymer Product Prices as of 21st September 2015 - 06:35

Tianjin Petrochemical Prices of Polypropylene


(Grades)Prices in

YuanUnitprice

Trends

PPT30S 8000 per MT

EPS30R 8500 per MT


PVC plant shut permanently by Inovyn - 06:30

Inovyn has mothballed a polyvinyl chloride (PVC) plant.

A Polymerupdate source in Germany informed that the company has announced a permanent shutdown of its PVC plant owing to feedstock supply issues from Dow chemical. Thecompany has failed to arrive at a new agreement with Dow Chemical for supply of VCM feedstock. Production at the PVC plant has been stopped since end-December 2014.

Located at Schkopau in Germany, the PVC plant has a production capacity of around 300,000 mt/year.

Shanghai SECCO Petrochemical Polymer Product Prices as of 21st September 2015 - 06:20

Shanghai SECCO Petrochemical Prices of Polypropylene



PP

S1003 8200 per MT

K8003 8500 per MT

K4912 9000 per MT

K8703 8500 per MT

K7926 8900 per MT


Sinopec Shanghai Petrochemical Polymer Product Prices as of 21st September 2015 - 06:15

Sinopec Shanghai Petrochemical Prices of Polypropylene



Unitprice

Trends

PP

T300 8000 per MT

M700R 8550 per MT

M180R 8400 per MT

M800E 9050 per MT

Y1600 8400 per MT



Qingdao Refinery Polymer Product Prices as of 21st September 2015 - 06:05

Qingdao Refinery Prices of Polypropylene



PP T30S 7900 per MT

PP T30S 7900 per MT

PP T36F 8000 per MT


Qilu Petrochemical Polymer Product Prices as of 21st September 2015 - 05:50

Qilu Petrochemical Prices of Polypropylene


(Grades)Prices in

YuanUnitprice

Trends

PPT30S 8000 per MT

EPS30R 8500 per MT


Lanzhou Petrochemical Polymer Product Prices as of 21st September 2015 - 05:45

Lanzhou Petrochemical Prices of Polypropylene



PPF401 7950 per MT

T30S 7800 per MT



Panjin Ethylene Polymer Product Prices as of 21st September 2015 - 05:35

Panjin Ethylene Refinery Prices of Polypropylene



PP T30S 8170 per MT

PP T30S 8170 per MT

PP F401 8150 per MT


FM declared by CPC Corp on aromatics products from Kaohsiung plant - 05:30

CPC Corp shut its No.3 aromatics plant on account of technical glitch.

A Polymerupdate source in Taiwan informed that the No.3 plant was taken offstream yesterday. The company has declared force majeure on supplies of aromatic products fromthe plant. It remains unclear when the plant will restart operations.

Located in Kaohsiung, Taiwan, the plant has a benzene capacity of 27,000 mt/year, toluene capacity of 130,000 mt/year and isomer MX capacity of 140,000 mt/year.

Maoming Petrochemical Polymer Product Prices as of 21st September 2015 - 05:20

Maoming Petrochemical Prices of Polypropylene


(Grades)Prices in


PP

T30S 7800 per MT

N-Z30S 7950 per MT

EPS30R 8450 per MT



Jiujiang Petrochemical Polymer Product Prices as of 21st September 2015 - 05:15

Jiujiang Petrochemical Prices of Polypropylene



PPT30S 7800 per MT

T36F 7800 per MT



Jingmen Petrochemical Polymer Product Prices as of 21st September 2015 - 05:05

Jingmen Petrochemical Prices of Polypropylene



PP

T30S 7900 per MT

T36F 7950 per MT

V30G 7950 per MT

Z30S 7950 per MT


Aromatics Plant shuts by CPC - 05:00

CPC Corp has shut its No.6 aromatics plant owing to pipeline closure.

A Polymerupdate source in Taiwan informed that the company has halted operations at its aromatics plant and its is expected to restart only after pipeline operations restart.

Located in Kaohsiung, Taiwan, the plant has a benzene capacity of 20,000 mt/year,isomer MX capacity of 96,000 mt/year and toluene production capacity of 96,000 mt/year.

Jinan Refinery Polymer Product Prices as of 21st September 2015 - 04:50

Jinan Refinery Prices of Polypropylene


(Grades)Prices in Yuan Unit price Trend

PP

T30S 7900 per MT

T36F 7900 per MT

W28 8000 per MT

H30S 8000 per MT


Jinan Refinery Polymer Product Prices as of 21st September 2015 - 04:50

Jinan Refinery Prices of Polypropylene


(Grades)Prices in Yuan Unit price Trend

PP

T30S 7900 per MT

T36F 7900 per MT

W28 8000 per MT

H30S 8000 per MT


Hainan Refinery Polymer Product Prices as of 21st September 2015 - 04:45

Hainan Refinery Prices of Polypropylene


YuanUnitprice

Trends

PP

T30S 7850 per MT

V30G 7800 per MT

Z30S 7850 per MT


Guangzhou Petrochemical Polymer Product Prices as of 21st September 2015 - 04:35

Guangzhou Petrochemical Prices of Polypropylene



PPF401 7850 per MT

J501/JF501 7800 per MT


Handsome Chemical operates butac plants at full rates - 04:30

Handsome Chemical Development is operating its butyl acetate (butac) plant at full capacity levels.

Handsome Chemical Development is operating its butyl acetate (butac) plant at full capacity levels.

A Polymerupdate source based in China informed that the butyl acetate (butac) plant with production capacity of 65,000 tonne/year located at Huizhou in Guangdong province ofChina is running at 100% production capacity rates.

Another butac plant located at Jiangmen in Guangdong, with a production capacity of 120,000 mt/year, is also operating at full production capacity rates.

Fushun Petrochemical Polymer Product Prices as of 21st September 2015 - 04:20

Fushun Petrochemical Prices of Polypropylene



PP

T30S 7950 per MT

T38FE 7950 per MT

HY525 7950 per MT


Dalian West Pacific Polymer Product Prices as of 21st September 2015 - 04:15

Dalian West Pacific Prices of Polypropylene


(Grades)Prices in


PPT30S 7950 per MT

Z30S 8000 per MT


Daqing Petrochemical Polymer Product Prices as of 21st September 2015 - 04:05

Daqing Petrochemical Prices of Polypropylene


(Grades)Prices in


PPT30S 7950 per MT

T38F 7950 per MT


BASF to undertake maintenance at Amines plant - 04:00

BASF is likely to take off-stream its ethanolamines plant for a maintenance turnaround.

A Polymerupdate source in Belgium informed that the plant located at Antwerp, Belgium with a production capacity of 110,000 mt/year is planned to be shut in October 2015. Theexact duration of shutdown could not be ascertained.

Another plant located at Ludwigshafen, Germany with a production capacity of 130,000 mt/year is currently under a maintenance turnaround. The shutdown will remain in force tillthe end of September 2015.

Polymerupdate - Indian Crude Oil Processed by Refineries

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Transcript of Polymerupdate - Indian Crude Oil Processed by Refineries