8Surprise action by this regulator has implications for the fertilizer industry

The fertilizer industry is known to complain about its plight but it had stayed quiet so far under the Modi dispensation
8But the complaints have started again

8This urea company has spent Rs 300 crore in energy efficiency and yet loses money

8We have a big list of bidders but the price bids have not been opened yet

8A top level fertilizer vacancy has come up

8Indian Petrochem analysts in Mumbai, on August 30, 2024, reported a cut in domestic formic acid prices. The commodity’s price fell from Rs.64/kg recorded on August 29, 2024, to Rs.63/kg today, marking a reduction of Re.1/kg. This decline reflects evolving market dynamics and various influencing factors

8On August 30, 2024, Indian Petrochem analysts based in Delhi reported a reduction in domestic phenol prices. The price of phenol, which was Rs.121/kg on August 29, 2024, decreased to Rs.120/kg today, marking a drop of Re.1/kg. This decline reflects shifting market dynamics and various influencing factors affecting the phenol market

8The Linear Alkylbenzene (LAB) market at Kandla has shown significant stability, according to Indian Petrochem analysts. After a steady trend starting on August 20, 2024, a critical stability phase was observed till August 27, 2024. However, on August 28, 2024, on the back of limited product availability price of the material was pushed to Rs.137/kg. Although there were expectations of further price increases, the market has now stabilized, with prices adjusting from Rs.138/kg to Rs.136/kg on August 30, 2024

8The price of N-Butanol (NBA) in the Ahmedabad market experienced an upward movement today, attributed to slight fluctuations in supply and demand and rising raw material costs. According to Indian Petrochem analysts, on August 30, 2024, the price of N-Butanol increased by Re.1/kg, moving from Rs.112/kg on August 29, 2024, to Rs.113/kg

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