Indian ammonia prices are stable for now
8But will they be that way going ahead?

8What is the remuneration of a CEO of medium sized private sector fertilizer company?

 Ammonia Revamp Project
 8Cost: Rs 200 Cr.
 8Project Event: The company has signed an agreement with Topsoe, Denmark, the technology licensor, for providing the Basic Engineering Package (BEP), proprietary equipment supply, and commissioning assistance. The RFQ for the EPC contractor is likely to be released at the end of October 2024. The project will be executed on an EPC basis and is expected to be completed by the first quarter of FY 2027-28.
 Ammonium Nitrate Greenfield Project
 8Cost: Rs 300 Cr.
 8Project Event: The board meeting has concluded, and the company has approved the investment in Weak Nitric Acid and Ammonium Nitrate. Additionally, the company has appointed AT  Kearney as a Strategic Management Consultant to help set the strategic direction. With Kearney’s appointment, a comprehensive plan outlining short-, medium-, and long-term measures will be presented to the Board over the next six months, guiding the company's future growth.

8A new DAP tender is out

8Big data to deliver Indian agriculture from its woes?
8New DAP tender out
8Coromandel Plant Nutrition Award 2024 [FAI]
8Current news on the latest developments in fertilizer, energy, weather, agriculture [FAI]
8In-principle approval from Board of Directors to explore various options of unlocking value at Advanta Enterprises Limited, subsidiary of the Company [UPL]
8Business Responsibility and Sustainability Report for the Financial Year 2023-24 [NFL]
850th AGM Notice and Annual Report for Financial Year 2023-24 [NFL]

8Schedule of Analysts/ Institutional Investors Meet [HPCL]
8AGM and Book Closure Notice [HOEC]
8Withdrawal of Consent for appointment as an Independent Director [Aban]
8Announcement for receipt of Letter of Award from CMPDI [SWP]

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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8The Mumbai chemical market has witnessed a notable increase in Dioctyl Adipate (DOA) prices. As of September 4, 2024, DOA prices have climbed to Rs.178/kg, marking a Rs.3/kg increase

8The Mumbai market has experienced a notable fluctuation in Epichlorohydrin (ECH) prices, according to reports from Indian Perochem analysts. As of September 4, 2024, the price of the commodity has decreased from Rs.170/kg to Rs.168/kg, reflecting a Rs. 2/kg reduction due to changing market dynamics and various influencing factors

8On September 4, 2024, analysts from Indian Petrochem based in Mumbai reported a downward trend in the prices of domestic LDPE (16MA400) in the Mumbai market. Today, the price of 16MA400 dropped from Rs.126 /kg recorded on September 3, 2024, to Rs.125 /kg, marking a cut of Re.1/kg

8The Mumbai market has experienced a significant surge in benzene 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 September 4, 2024, price of benzene in domestic repack in Mumbai were quoted higher from Rs.97/Kg to Rs.99/Kg a hike of Rs.2/kg

8The Methyl Isobutyl Ketone (MIBK) market in Mumbai has shown significant stability, according to Indian Petrochem analysts. After a steady trend starting on August 21, 2024, a critical stability phase was observed till August 27, 2024. However, on September 4, 2024, on the back of supply overhang, the price of the material was pushed down to Rs.166/kg. Although there were expectations of further price increases, the market has now stabilised, with prices adjusting from Rs.169/kg to Rs.166/kg today

8The price of Liquid alkali in the Delhi market was quoted low today. Indian Petrochem analysts indicate that this change is due to fluctuations in supply and demand as well as raw material costs affecting the production of this essential chemical. On September 4, 2024, the price oflLiquid alkali decreased by Rs.2/kg, down from Rs.25/kg quoted on September 03, 2024, to Rs.27/kg today.

8The price of Hydrogen peroxide has seen an upward movement in the Delhi market today, reflecting changes in the chemical sector. Indian Petrochem analysts have reported that the price of the material increased by Rs.2/kg, moving from Rs.?40/kg on September 3, 2024, to Rs.?42/kg today

8Project Name: Amreli District City Gas Distribution
8Project Cost: Rs 250 crore Click here for more details

8Project Name: Bhavnagar District City Gas Distribution
8Project Cost: Rs 350 crore Click here for more details

For Mission Anveshan, there can be very little compromise
8And that was emphasized once again in a tender

These are two very competent companies but they failed to qualify for an offshore contract.
8JSC MAGE
8Seabird Exploration Private Limited
8Why was that so?

8Indian Petrochem analysts have reported a cut in the prices of SAP in the domestic market of Ahmedabad. As of September 3, 2024, the price of SAP stood at Rs. 320/kg. However, today, a drop of Rs.5/kg has been observed, bringing the price down to Rs. 315/kg

8The Mumbai market has witnessed a significant fluctuation in formic acid prices, according to reports from Indian Petrochem analysts. As of today, the price of formic acid has increased from Rs. 64/kg to Rs. 65/kg,  a rise of Re.1/kg

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

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

8A movement in today's price is witnessed

8Get the latest prices here, including trends over the past month

8A combination of factors is at work, get the latest price roundup here