8Monoethylene Glycol (MEG), a vital chemical used in the production of polyester fibers, antifreeze, and PET plastics, has seen a slight decrease at Mumbai port today.
On August 21, 2024, the cost of MEG via imported tankerload at Mumbai port dropped by Re.0.75/kg, bringing the price down from Rs.53.50/kg to Rs.52.75/kg. While the decrease is modest, it may offer some cost advantages to manufacturers and traders who rely on MEG, potentially influencing their production expenses.

8The Delhi polymer market today witnessed a notable shift in the prices of styrene-acrylonitrile copolymer (SAN), grade 80 HF ICE LLHK. According to an update from Indian Petrochem analysts, prices have increased by Rs 4/kg on August 21, 2024 from Rs 149/kg quoted on August 20, 2024.

8In the Mumbai market, Polytetramethylene Ether Glycol (PTMEG) prices have witnessed a decline recently. Prices of this essential commodity have dropped by Rs 2/kg from Rs 392/kg on August 14, 2024 to Rs 390/kg today. This decline has come after a few days of price stability and is mainly due to lower demand from key sectors such as spandex fibre manufacturing, elastomers and other applications.

Its impact on the industry is significant, as PTMEG is a key raw material in the production of spandex fibres, polyurethane elastomers and various other high-performance materials. The price drop is likely to impact the cost structure of companies dependent on PTMEG, potentially reducing production costs.

8The Mumbai market has seen a significant drop in the price of palm wax 3F, which is impacting various industries that rely on this crucial raw material. The price has decreased by Rs 3/kg, from Rs 105/kg on August 14, 2024, to Rs 102/kg as of today. This sudden drop in prices is a cause for concern among manufacturers of candles, cosmetics, and other products that use palm wax as a key ingredient.
Several factors are contributing to this price decline. Disruptions in palm oil production, along with delays in transportation, have reduced the availability of palm wax, leading to increased competition and, consequently, a drop in prices. Additionally, rising fuel costs have exacerbated the situation.
Local manufacturers are facing a crisis as they struggle to manage the price drop without passing on additional costs to consumers. However, predicting future price fluctuations remains challenging due to the volatile market conditions. Industry experts are hopeful that with strategic interventions and improved supply chain management, prices might stabilise in the coming months.

8The Trimethylolpropane (TMP) market in Mumbai has seen a significant drop in its prices, disrupting the recent trend of stability. This decline is primarily attributed to the reduced cost of raw materials essential for TMP production.
The price of imported Trimethylolpropane has decreased by Rs 4 per kg, from Rs 137/kg quoted on August 14, 2024, to Rs 133/kg as of today. TMP is a crucial component in numerous industries, serving as a white coating substance and is widely used in surface treatment for polyesters, paints, coatings, elastomers, and synthetic lubricants. Furthermore, TMP plays a vital role in the production of resins, plastics, locks, and motors.
The abrupt drop in prices has sparked concerns regarding the stability of the TMP market in the coming days, with many anticipating further declines in Mumbai. Since India imports TMP mainly from China, global supply chain dynamics are a significant factor influencing these price changes.

8Recent updates from Indian Petrochem analysts indicate a rise in the prices of imported intact supplies of hexaconazole in the Mumbai market. As of August 21, 2024, the price of hexaconazole has increased from Rs.908/Kg to Rs.910/Kg a rise of Rs 2/kg ffom the last assessed price reflecting changing market dynamics and various influencing factors.
Hexaconazole is a broad-spectrum fungicide widely used in agriculture to protect crops from fungal diseases. It is particularly effective in managing diseases in cereals, fruits, vegetables, and other crops.

8The Hazira market has experienced a significant surge in Isobutanol prices. This increase is driven by a combination of tight supply conditions and rising demand from downstream industries, particularly in the production of chemicals and solvents.
On August 21, 2024,  prices in imported tanker load at Hazira were quoted higher from Rs.92/Kg to Rs.95/Kg a hike of Rs.3/kg.

8The Ahmedabad market has experienced a notable fluctuation in Polyacrylamide (PAM) prices, according to reports from Indian Perochem analysts. As of August 21, 2024, the price of the commodity has decreased from Rs.160/kg to Rs.157/kg, reflecting a Rs. 3/kg reduction due to changing market dynamics and various influencing factors

8The Ahmedabad market has experienced a notable fluctuation in Polyacrylamide (PAM) prices, according to reports from Indian Perochem analysts. As of August 21, 2024, the price of the commodity has decreased from Rs.160/kg to Rs.157/kg, reflecting a Rs. 3/kg reduction due to changing market dynamics and various influencing factors

8A sharp cut in formic acid prices was registered today in Mumbai. The price of the commodity has shifted from Rs 67/Kg to Rs 65 /Kg

8On August 21, 2024, a cut in imported tanker load IPA prices were noted at Kandla. The price for IPA has shifted from Rs 108/Kg to Rs 107/Kg.

It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
Get the daily updates for :
8Crude
8Chemicals
8Coal and Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update

The ONGC brass has now decided to sit back and relax
8And hire everything out to third parties
It is smart move, it is a devolution of powers from the asset to the contactor

GAIL is finally putting together its ethane infrastructure.
8It is a large set up, and ethane is going to be transported over long distances.
8Compared to RIL, which also imports ethane, GAIL will have a cost disadvantage in the highly competitive finished products market
8Find out how GAIL is putting it all together.

There is a landlord mentality amongst companies like ONGC and OIL when it comes to their E&P assets.
8OIL, for example, has come out with a new production enhancement scheme
8But industry sources are claiming OIL wants to pocket all the benefits and give nothing much back to the contractor
8Essentially, it looks like OIL PSUs do not want the scheme to work at all
8Here is our analysis

A minority government means compromises
8And ministers are also pushing back

The Chinese have decided to take a stand with India when it comes to fertilizer imports
8This has forced India to pay significantly higher prices for DAP.
Find out what is really going on.

Rs. 4000 crore greenfield off-stream closed loop pumped storage project: RFQ ahead
8Geological investigation and topographical works are in progress
8Bid evaluation is in progress for the SIA consultant.
8RFQ for the PMC is likely to be floated September 2024
 Click here for more details
Rs. 600 crore greenfield hydroelectric project: RFQ ahead
8TOR is yet to granted
8RFQ for the EIA consultant is likely to be floated in October 2024
 Click here for more details

Debt ratings reaffirmed for:
8Cochin Rubbers

8The company is in the business of production of lime, limestone, coal, paints, and chemicals
Find out why the company has been rated under the non-issuer category

8Find out the latest price trends in South Korea, China, Rotterdam and the U.S. Gulf

8Get the latest prices of BRENT in Europe and WTI in the U.S. Gulf

8Here is today's price, find out the price trend of Naphtha in Japan and Europe

8The price witnessed a movement, find out by how much

8Here is the latest prices, including trends over the past month