Polymerupdate - Indian Crude Oil Processed by Refineries

Polymerupdate.com News Online
22-Sep-2015
TNS 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 over
month year
Total PSU Oil Companies 11,861,540 11,604,874 10,976,381 2.21 8.06
IOCL 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 9.41
HPCL 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 18.69
CPCL 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 13.00
ONGC 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 2.63
Reliance 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 3.29
Essar Oil Ltd.,Vadinar
Gujarat 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. feedback@tickerplantindia.com
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 year
and 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 oil
output in tabular and graphic formats.)
Monthly Update:
---------------
Aug Aug month year -change on- target
target 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 target
target 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
* provisional
DGH = Directorate General of Hydrocarbons
JVC = 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 US
equity 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 by
8 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 Far
East 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 of
Delivery
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 Delivery
Prices in USD/ mt
Change
18-09-2015 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 of
Delivery
Prices in USD/ mt
HDPE
Trend
LDPE
Trend
LLDPE
Trend
18-09-2015 21-09-2015 18-09-2015 21-09-2015 18-09-2015 21-09-2015
FOB Middle
East
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 Name
Specifications Model
(Grades)
Prices in
Y uan
Unit
price
Trends
HDPE
6094 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
Product Name
(Grades)
Prices in Y uan
Unit
price
Trends
HDPE
MH602 10000 per MT
YGH041 10600 per MT
YGH041T 10900 per MT
Denotes no change in Prices
Denotes a decline in
Prices
Denotes an increase in Prices

Shanghai Golden Phillips Petrochemical HDPE Grade Prices as of 21st September 2015 - 16:35
Shanghai Golden Phillips Petrochemical Prices of HDPE
Product Name
(Grades)
Prices in
Y uan
Unit price Trends
HDPE
HHM5502 10200 per MT
HXM50100CA 10300 per MT
HHMTR210HS 10900 per MT
HHMTR480AT 10500 per MT
HXMTR550 10200 per MT
Prices
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
Product Name
(Grades)
Prices in
Y uan
Unit price Trends
HDPE
HHM5502 9800 per MT
HHMTR480 10450 per MT
Prices

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 Saudi
Aramco 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. Saudi
Aramco 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 LANXESS
are 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 the
products 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. “This
alliance 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 in
the 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 world
market. 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 and
elastomer products capability that already supplies many of the world’s largest tire and automotive-parts manufacturing customers. In addition to creating a new revenue stream
for 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 Aramco
Overseas 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 starting
point 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 and
processes 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 in
a 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 Advanced
Intermediates and Performance Chemicals. Another roughly EUR 400 million is earmarked for a further reduction of its financial debt position and around EUR 200 million are
planned 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 52
production 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
Product Name
(Grades)
Prices in
Y uan
Unit
price
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
Product Name
(Grades)
Prices in
Y uan
Unit
price
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 FUTURES
PREMIUM ABSOLUTE
Last 65.9300-65.9400 6.53-6.58% 4.04-4.06 66.0125-66.0150
Open 65.6700-65.6800 6.55-6.60% 4.03-4.05 65.7975-65.8000
High 65.9500-65.9600 6.57-6.62% 4.05-4.07 66.0275-66.0300
Low 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 plunged
The 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 stocks
Pound/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 on
concerns 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 held
by 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 5,981.35
Pound/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 comments
Euro/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 US
following 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 with
a 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 a
hike.
"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
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 call
and 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 on
interest 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 in
financial 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 banks
have 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 54
basis 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 improves
comparability 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 support
at Rs 73.74/euro, while the immediate resistance will be faced at Rs 74.90/euro.
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2:10PM//USD/INR NDF rebounds on FII outflows as Sensex tanks over 500 pts
Dollar/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 close
of 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.
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11:45AM//1-yr frwd premia over 3wk high as importers buy on Fed rate hike fear
One-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 going
ahead 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 Fed
some 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.
hike.
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 criteria
for "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.
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11AM//USD/JPY flat on doubt over US Fed action amid 3-day holiday in Japan

Dollar/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 the
country, 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 economic
measures 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 unchanged
today," 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 officials
through 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 as
October.
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 the
currency 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 and
sluggish 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-year
in the short term.
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10:15AM//USD/INR seen at Rs 65.50/$1 on FII inflows, selling by foreign banks
Dollar/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," said
Niranjani 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 advanced
0.30% 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 US
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 11
economists 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 stumbled
and 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 a
rate hike this year.
hike.
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
economy.
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 stocks
Dollar/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 Bank
of 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.
hike.
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 of
25,192.75.
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 Federal
Reserve, 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 153.77
points 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 president
Dennis 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.
hike.
economy.
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 possible
rate cut in India to spur economic growth.
16 on Sep 29.
----------------------------------------------------------------------------
8:45AM//USD/INR NDF dn for 4th-day; Dlr index gains on Fed officials comment
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, while
the 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 of
Rs 65.72/$1.
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 since
January, when they fell 4.9%.
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

York time.
hike.
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 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.
(End)
Maoming Petrochemical LDPE Grade Prices as of 21st September 2015 - 16:05
Maoming Petrochemical Prices of LDPE
Product Name
(Grades)
Prices in
Y uan
Unit price Trends
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
Prices
Sinopec Shanghai Petrochemical LDPE Grade Prices as of 21st September 2015 - 16:00
Sinopec Shanghai Petrochemical Prices of LDPE
Product Name
(Grades)
Prices in Y uan
Unit
price
Trends
DJ200A 10150 per MT
DJ210 10150 per MT

LDPE N150 9950 per MT
Q210 9950 per MT
Q281 10050 per MT
Prices
Yanshan Petrochemical LDPE Grade Prices as of 21st September 2015 - 15:55
Yanshan Petrochemical Prices of LDPE
Product Name
(Grades)
Prices in
Y uan
Unit
price
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
Product Name
(Grades)
Prices in
Y uan
Unit
price
Trends
LDPE
2100TN00 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
Product Name
(Grades)
Prices in
Y uan
Unit
price
Trends
LLDPE
DFDA-9020 8900 per MT
Jilin Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:35
Jilin Petrochemical Prices of LLDPE
Product Name
(Grades)
Prices in
Y uan
Unit
price
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
Product Name
(Grades)
Prices in Y uan
Unit
price
Trends
0209AA 9300 per MT

LLDPE
0209AA 9300 per MT
0220AA 9300 per MT
0220KJ 9300 per MT
Prices
Fujian Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:25
Fujian Petrochemical Prices of LLDPE
Product Name
(Grades)
Prices in
Y uan
Unit
price
Trends
LLDPE
DFDC-7050 9200 per MT
Yangzi Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:20
Yangzi Petrochemical Prices of LLDPE
Product Name
(Grades)
Prices in
Y uan
Unit
price
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
Product Name
(Grades)
Prices in
Y uan
Unit price Trends
Prices
Qilu Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:05
Qilu Petrochemical Prices of LLDPE
Product Name
(Grades)
Prices in
Y uan
Unit
price
Trends
Guangzhou Petrochemical LLDPE Grade Prices as of 21st September 2015 - 15:00
Guangzhou Petrochemical Prices of LLDPE
Product Name
(Grades)
Prices in
Y uan
Unit
price
Trends
LLDPE
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 FUTURES
PREMIUM ABSOLUTE
Last 65.8600-65.8700 6.54-6.59% 4.04-4.06 65.9300-65.9325
Open 65.6700-65.6800 6.55-6.60% 4.03-4.05 65.7975-65.8000
High 65.8725-65.8825 6.57-6.62% 4.05-4.07 65.9600-65.9625
Low 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 comments
Euro/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 US
following 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 with
a 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.
hike.
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 call
and 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 on
interest 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 in
financial 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 banks
have 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 54
basis 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 improves
comparability 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 support
at 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 pts
Dollar/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 close
of 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.

------------------------------------------------------------------------------
11:45AM//1-yr frwd premia over 3wk high as importers buy on Fed rate hike fear
One-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 going
ahead 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 Fed
some 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.
hike.
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 criteria
for "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.
------------------------------------------------------------------------------
Dollar/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 the
country, 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 economic
measures 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 unchanged
today," 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 officials
through 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 as
October.
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 the
currency 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 and
sluggish 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-year
in the short term.
------------------------------------------------------------------------------
10:15AM//USD/INR seen at Rs 65.50/$1 on FII inflows, selling by foreign banks
Dollar/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," said
Niranjani 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 advanced
0.30% 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 US

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 11
economists 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 stumbled
and 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 a
rate hike this year.
hike.
economy.
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 stocks
Dollar/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 Bank
of India next week to spur growth in Asias third largest economy, dealers 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.
hike.
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 of
25,192.75.
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.
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 153.77
points 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 president
Dennis 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.
hike.

economy.
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%.
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 possible
rate cut in India to spur economic growth.
16 on Sep 29.
----------------------------------------------------------------------------
8:45AM//USD/INR NDF dn for 4th-day; Dlr index gains on Fed officials comment
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, while
the 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 of
Rs 65.72/$1.
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 since
January, when they fell 4.9%.
York time.
hike.
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 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.
(End)
Zhongyuan Petrochemical LLDPE Grade Prices as of 21st September 2015 - 14:55
Zhongyuan Petrochemical Prices of LLDPE
Product Name
(Grades)
Prices in
Y uan
Unit
price
Trends

Daqing Petrochemical LLDPE Grade Prices as of 21st September 2015 - 14:50
Daqing Petrochemical Prices of LLDPE
Product Name
(Grades)
Prices in
Y uan
Unit
price
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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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 Delivery
Prices in Euro
Change
18-09-2015 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 of
Delivery
Prices
Change
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
LDPE
Trend
LLDPE
Trend
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 of
Delivery
Prices
Change
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 Delivery
Prices (Unit: USD / MT)
Change
18-09-2015 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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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 of
Iran), 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-Aug
2015 ago month 2015-16
-------- -------- ------- --------
Sensitive Products
Liquefied Petroleum Gas 1,548.90 1,576.10 (1.73) 7,585.00
Super Kerosene Oil 572.70 576.40 (0.64) 2,860.60
High Speed Diesel 5,444.40 5,710.40 (4.66) 30,380.40
Sub Total 7,566.00 7,862.90 (3.78) 40,826.00
Major Decontrolled Products
Motor Spirit 1,767.70 1,671.70 5.74 8,826.40
Naphtha/NGL 1,112.00 1,230.50 (9.63) 5,550.70
Aviation Turbine Fuel 488.60 486.00 0.53 2,457.60
Light Diesel Oil 30.90 34.60 (10.69) 156.60
Lubricants & Greases 236.20 238.00 (0.76) 1,269.30
Fuel Oil & LSHS 540.50 552.30 (2.14) 2,620.30
Bitumen 243.60 277.20 (12.12) 2,093.80
Sub Total 4,419.50 4,490.30 (1.58) 22,974.70

Other Minor Decontrolled Products
Petroleum Coke 1,230.60 1,230.70 (0.01) 6,404.40
Others 575.50 521.80 10.29 2,680.20
Sub 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 others
mo month /NGL LSHS coke
------- ---- ------ ------ ------ ----- ----- ------ ----- ----- ------
2015
Jul* 14105.7 (4.3) 1576.1 1671.7 1230.5 486.0 576.4 5710.4 552.3 1230.7 521.8
Jun 14741.1 (7.0) 1487.3 1769.3 890.1 468.5 566.5 6296.4 488.0 1249.5 519.3
May* 15532.2 5.6 1496.5 1834.1 1239.7 495.1 577.1 6440.0 535.1 1554.1 521.4
Apr* 14714.7 1.6 1479.7 1783.6 942.4 474.8 567.9 6486.9 484.5 1125.7 504.0
Mar* 14483.6 2.9 1608.8 1683.7 1046.9 493.7 589.6 5880.5 510.8 1173.1 547.8
Feb* 14077.3 1.1 1510.0 1629.5 948.1 442.7 588.5 5780.1 555.2 1248.2 528.8
Jan* 13927.5 (4.7) 1615.3 1628.8 895.9 477.8 568.2 5822.2 521.8 1322.5 429.7
2014
Dec* 14611.0 5.2 1676.7 1629.3 894.7 469.8 599.5 6147.8 464.5 1548.9 439.5
Nov* 13892.4 7.2 1573.5 1513.1 751.9 457.3 601.0 6006.6 492.0 1160.8 674.9
Oct* 12954.3 1.6 1498.9 1616.2 796.9 465.3 594.6 5455.0 426.1 1080.5 458.7
Sep* 12751.6 (1.1) 1550.3 1498.6 831.5 454.4 591.4 4899.3 549.3 1367.3 530.5
Aug* 12896.6 (3.0) 1438.9 1598.7 956.5 465.0 591.9 5120.7 561.2 1176.5 476.6
Jul 13295.5 (5.1) 1432.3 1480.5 989.7 462.2 591.3 5741.1 439.9 1149.5 510.4
Jun 14007.7 (4.4) 1355.4 1610.6 945.1 450.2 595.3 6139.3 513.8 1121.6 534.9
May 14651.7 9.0 1422.8 1683.4 1011.0 476.4 591.2 6476.5 528.3 1112.4 515.7
Apr 13437.3 (6.0) 1349.1 1502.2 870.5 463.1 584.2 5934.7 454.2 946.4 489.0
Mar 14290.5 11.3 1533.1 1488.6 978.2 494.2 593.2 6083.1 575.2 1073.1 460.3
Feb 12838.0 (5.1) 1392.4 1378.9 957.4 446.8 588.8 5380.2 417.1 1020.9 409.0
Jan 13522.9 (0.5) 1466.4 1383.7 990.2 483.2 604.2 5639.2 490.6 1075.1 531.1
2013
Dec 13591.7 2.6 1425.6 1453.7 933.0 473.4 591.9 5972.2 522.1 889.4 444.2
Nov 13253.4 0.2 1377.7 1459.9 957.5 470.3 597.1 5826.2 479.4 875.6 566.8
Oct 13221.4 10.7 1399.0 1461.7 891.9 464.5 608.7 5615.1 560.2 1105.0 465.3
Sep 11942.1 (4.1) 1338.1 1232.1 925.4 441.9 579.6 4908.4 459.4 1054.0 561.5
Aug 12447.2 (3.2) 1318.3 1483.2 1003.2 439.8 600.6 5047.8 580.8 993.2 536.8
Jul 12860.7 (1.2) 1358.5 1405.9 952.4 439.5 603.1 5399.9 606.2 1070.7 514.1
Jun 13013.7 (8.6) 1209.5 1414.9 921.9 439.1 593.9 5943.0 482.5 818.4 531.7
May 14238.2 8.0 1246.8 1695.7 871.0 460.5 610.4 6393.9 529.8 1020.8 465.1
Apr 13187.5 (6.3) 1228.3 1270.0 923.3 451.4 593.3 6154.6 532.5 759.7 470.5
Mar 14080.8 12.4 1354.5 1435.4 1018.6 481.5 621.5 6198.7 543.4 828.2 545.3
Feb 12530.9 (6.6) 1281.3 1278.0 961.9 428.1 626.1 5382.9 517.7 865.6 405.9
Jan 13420.8 (0.5) 1317.7 1300.9 1073.2 459.0 623.2 5798.3 621.5 1004.8 490.8
2012

2012
Dec 13492.9 1.5 1305.0 1348.5 1021.7 454.5 625.0 6119.5 566.1 944.6 422.0
Nov 13299.1 2.5 1279.2 1325.2 1121.2 454.3 625.2 5793.4 585.8 809.3 500.9
Oct 12972.0 9.3 1298.2 1323.1 952.8 433.6 625.2 5699.7 681.9 869.5 439.7
Sep 11865.2 (5.2) 1271.3 1227.0 1018.6 411.9 622.4 4938.5 703.5 784.9 431.4
Aug 12514.5 (3.6) 1333.3 1313.5 1097.1 414.9 624.3 5050.9 712.3 952.5 487.4
Jul 12981.3 (1.8) 1333.3 1313.5 1099.8 421.5 655.3 5745.2 731.9 763.9 487.0
Jun 13219.1 (4.4) 1289.7 1341.4 962.8 421.9 630.5 6070.7 640.5 789.2 433.4
May 13834.6 7.7 1315.1 1292.1 1068.7 445.0 622.9 6373.5 676.4 780.2 472.1
Apr 12845.5 (5.4) 1232.3 1246.5 893.0 444.3 603.9 5908.7 675.8 742.1 393.2
Mar 13597.4 9.3 1343.8 1415.4 946.7 476.3 660.2 6051.3 736.2 608.4 402.1
Feb 12435.9 2.2 1336.9 1226.4 850.6 459.1 677.0 5497.6 702.4 568.3 355.6
Jan 12170.9 (6.7) 1316.7 1163.6 864.7 480.3 686.9 5373.9 676.1 513.9 452.0
2011
Dec 13044.9 0.2 1411.5 1338.9 860.4 482.0 681.2 5867.5 763.6 502.7 379.4
Nov 13018.8 8.1 1323.4 1163.7 1038.8 478.5 679.0 5702.6 832.1 600.7 466.3
Oct 12038.1 6.8 1236.8 1252.4 991.5 472.3 671.6 5340.9 763.3 472.3 336.6
Sep 11275.0 0.8 1282.4 1196.7 983.8 444.7 657.2 4597.0 793.2 497.3 372.3
Aug 11185.3 (4.9) 1271.7 1221.9 904.2 440.1 671.1 4577.3 819.6 416.1 450.7
Jul 11761.6 (3.0) 1247.9 1212.0 959.6 450.0 689.0 5072.7 855.4 494.5 359.0
Jun 12129.1 (5.8) 1214.3 1248.5 850.1 442.5 674.6 5342.5 781.7 522.7 451.2
May 12879.9 2.3 1210.5 1351.1 961.2 458.7 732.3 5853.0 664.9 483.5 429.8
Apr 12595.3 (1.9) 1153.9 1201.9 1009.9 451.6 748.6 5473.7 918.1 457.3 468.9
Mar 12839.8 11.7 1329.7 1269.9 788.0 476.9 716.9 5486.4 947.3 531.3 326.7
Feb 11493.7 (3.2) 1245.7 1136.8 766.4 421.1 750.2 4918.6 824.0 383.4 305.0
Jan 11877.7 (5.7) 1280.7 1141.9 954.9 446.2 762.9 4998.9 828.0 449.5 370.3
2010
Dec 12594.5 9.4 1328.8 1202.2 1012.9 451.6 737.1 5524.1 875.9 356.8 459.6
Nov 11512.4 (1.1) 1200.4 1192.6 918.0 431.2 745.3 4926.9 843.1 350.0 331.1
Oct 11636.3 11.2 1215.3 1188.5 737.8 434.4 753.3 4961.2 920.6 414.4 470.5
Sep 10464.1 (2.5) 1168.8 1128.0 857.9 397.7 730.3 4213.3 934.6 293.2 330.7
Aug 10733.6 (6.4) 1154.7 1167.5 929.1 402.8 758.5 4317.7 941.4 347.0 385.4
Jul 11463.2 (3.8) 1162.7 1156.0 966.8 401.2 763.9 4839.3 915.6 407.4 404.0
Jun 11919.8 (3.6) 1092.1 1242.0 853.5 401.2 709.0 5198.4 965.1 468.0 392.9
May 12358.7 1.7 1072.8 1251.1 998.6 421.1 751.6 5294.9 880.6 517.6 398.5
Apr 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 Others
Year LSHS coke
------ ---- ----- ----- ----- ---- ---- ----- ----- ---- -----
2014-15 164987 4.2 18019 19075 10939 5578 7087 69404 6017 14408 6150
2013-14 158407 0.9 16294 17128 11305 5505 7165 68364 6236 11756 5956
2012-13 157057 6.0 15601 15744 12289 5271 7502 69080 7656 10135 5509
2011-12 148132 5.0 15350 14993 11222 5536 8229 64750 9307 6138 4924
2010-11 141040 2.3 14331 14194 10676 5078 8928 60071 10789 4982 4569
2009-10 137808 3.2 13135 12818 10134 4627 9304 56242 11629 6586 5400
2008-09 133599 3.6 12191 11258 13911 4423 9303 51710 12588 6166 4750
2007-08 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 5604
2006-07 120749 6.7 10849 9286 13886 3983 9505 42897 12618 5441 5834
2005-06 113213 1.4 10456 8647 12194 3299 9541 40191 12829 4928 4658
2004-05 111634 3.6 10245 8251 13993 2813 9395 39650 13540 3129 4467
2003-04 107751 3.5 9305 7897 11868 2484 10230 37074 12945 2877 6652
2002-03 104126 3.7 8351 7570 11962 2271 10404 36645 12738 2563 5321
2001-02 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 are
estimated, 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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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
Means of Delivery
Prices in USD/ mt
Change

Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 21-09-2015
FOB Korea 760 - 765 760 - 765
CFR Taiwan 780 - 785 780 - 785
Prices
International Market prices of Toluene as of 21st September 2015 - 13:15
International Market Prices of Toluene
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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/mt
levels, 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 of
Delivery
Prices in USD/ mt
HDPE Film
Trend
LDPE
Trend
LLDPE
Trend
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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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
Means of Delivery
Prices in USD/ mt
Change
18-09-2015 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 at
BDT 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
Drum
Prices (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 includes
producers, 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 includes

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 at
NPR. 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 film
prices 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 Haverhill Chemicals Phenol-Acetone-AMS-BPA facilities 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) and
BisPhenol-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 under
Chapter 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' location
provides a geographical advantage to the supply chain of its robust customer base.
About ALTIVIA
Headquartered 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 specific
water treatment applications. ALTIVIA sold its water treatment commodity chemicals business to Brenntag A.G. in December 2012 and in April 2015 acquired the Specialty
Phosgene Derivatives business' assets from Axiall Corporation. The transaction included Axiall's chemical production facilities located in La Porte, Texas. The plant is the largest
North American production facility of merchant phosgene derivatives, including chloroformates and acid chlorides, serving pharmaceutical, organic peroxide and agricultural
markets.
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. LLDPE
film 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. LLDPE
film 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 with
a 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 Blowmoulding
was 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 levels
while 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. LLDPE
film 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 at
Rs. 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/kg
levels. 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.
PP raffia was at Rs. 91-92/kg levels. PP film prices were at Rs. 95-96/kg levels while PP injection was at Rs. 92-93/kg levels.
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

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