8Benzene prices in Mumbai city have significantly increased today, with domestic repack rates sharply rising from Rs.99/kg to Rs.101/kg. The Rs.2/kg hike reflects growing demand pressures and fluctuating market dynamics in the chemical sector

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.
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8LNG
8Crude
8Chemicals
8Fertilizers
8Coal and Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update

The ammonia market is getting tighter
8And that is good news for domestic ammonia producers and not so good for those who import

The fertilizer industry is slowly emerging out of the shock of the One Nation One Fertilizer (ONOF) policy.
8And the industry is cautiously but purposely speaking about what to do in the aftermath of ONOF.

There is a lot of punch in organic manure. And Indian companies are understanding it better now
8For Indian companies, production diversification is one reason to go organic
8But there are many other takeaways, particularly by some foreign companies who have already traveled this path

8Here's what's happening today in the E&P, Midstream-Downstream, and CGD section
This is for September 23 but not carried yesterday, and it has a lot of information

 NPK fertilizer Greenfield Project
 8Cost: Rs 2000 Cr.
 8Project Event: The project is currently in the early planning phase. The Request for Quotation (RFQ) for the Technology Licensor and the Project Management Consultant is expected to be issued in Q1 2025.
 Nano Urea/DAP Greenfield Project
 8Cost: Rs 500 Cr.
 8Project Event: The Centre has pledged a Rs 500 crore investment to establish two Nano urea plants in July 2024. The project is in the initial phase, and the RFQ for the environmental consultant is likely to be released in November 2024 in place of September 2024, due to a delay in the internal discussion. The project has not submitted the proposal for environmental clearance yet.

In what is a significant clarification, this E&P player has made it clear that Chinese onland rigs can indeed be deployed in India
8It reportedly does not violate current Indian regulations.
Find out what was the basis of this clarification

A bidder cannot bid for a rig tender against a new rig
8This is an interesting twist but with a caveat

IGL takes a crucial step in developing LNG stations in India
8And it is looking at a strategic tie-up
8Other companies need to follow suit, we guess

Make in India can apply to electrolyzers and the country can push the indigenization levels higher
8Find out what it will need to get to that stage
8And what can and cannot be done in India
8What can be done in India, and if done, will be good enough to push India right up to the forefront of this technology?
8What are the four materails that India needs to hunt for?

8A quick look at today's developments in E&P and midstream-downstream section.

This is a massive gas processing centre established to take in gas from offshore fields
8Two trains process as much as 10 mmscmd of gas
8And there are attendant facilities such as ethane-propane recovery plant, C-2 C-3 storage and pumping, gas sweetening plans etc
Get a look at the entire infrastructure

Pipeline corrosion prevention is a specialized art
8When it comes to offshore salt water environments
8Find out which companies do this work

8A high powered onland rig can now cost as much as an offshore rig
8And for this particularly expensive onland rig, there a long list of bidders who are interested

O&M jobs for CGD networks is a simple job most of the time
8And there are a very large number of vendors willing to do this work

All these companies are trying elbow each other out from a very crucial contract which can open up new possibilites for each of these companies
8Assam Petroleum Limited
8Collabrah Eagle India Pvt Ltd
8Deep Industries Limited
8Priserve Infrastructure Pvt. Ltd.
8Prumatech Services Pvt Ltd
We have done an analysis of who can possibly qualify

8This sinking E&P vendor has now decided to appoint a turnaround expert
But will it work?

8Fertilizer Marketing under Changing Environment [FAI]
8Disclosure of Transfer of Shares by Promoters of PI Industries Limited to Family Trusts [PIIL]
8Summary of proceedings of the 54th AGM held on 23rd September, 2024 [AAL]
8Chairman’s Speech at the Annual General Meeting [AAL]

8PNGRB invites applications for engagement of Individual Consultant in the Legal Stream on contract basis [PNGRB]
8PNGRB invites applications for engagement of Individual Consultant (Level-IV) on contract basis [PNGRB]
8Appointment of Mr. Sumit Kumar Khanna as an Independent Director for a term of five consecutive year [Aban]
8Notice of NCLT Hearing for Insolvency Application Against Aban Offshore Ltd [Aban]
8Intimation of Listing of Notes on NSEIX [Adani Port]

8In the Delhi market, the price of silicone oil, produced by Wacker, experienced a steep cut of Rs. 3/kg. As of September 24, 2024, the price dropped from Rs. 273/kg to Rs. 270/kg. This adjustment is attributed to stable market conditions, where supply and demand are balanced

8The Mumbai market is currently witnessing elevated prices for ethylene glycol monoethyl ether acetate. Recent market trends indicate a significant increase in trading rates for this essential material. According to Indian Petrochem analysts, the price surge is attributed to fluctuations in supply and demand, along with rising raw material costs impacting production. On September 24, 2024, the price of ethylene glycol monoethyl ether acetate rose by Rs.2/kg, moving from Rs.152/kg on September 18, 2024, to Rs.154/kg today

8In the latest update from the Mumbai chemical market, the price of Dimethyl Carbonate (DMC) has seen an increase. On September 24, 2024, the price of DMC had risen by Re.1/kg, bringing it from Rs.77/kg to Rs.78/kg. This increase is attributed to various factors, including changes in supply chain dynamics, raw material costs, and growing demand in the local market

8In a market movement, the price of imported Paraformaldehyde 96% has risen by Re.1/kg in the Mumbai market. On September 24,2024, the material was priced at Rs.73/kg, up from the previous rate of Rs.72/kg assessed on September 19, 2024. This price hike reflects the growing demand and tighter supply of imported paraformaldehyde, which is widely used in industrial applications such as resins, adhesives, and disinfectants

8According to the petrochem sources the price of Triethanolamine has surged in Delhi, with the market rate now reaching  Rs175/ kg. This significant price increase is primarily driven by rising demand from the cosmetic, pharmaceutical, and chemical industries, alongside disruptions in supply chains