8Dioctyl terephthalate (DOTP) prices have seen an upward trend in Delhi, with the cost increasing to Rs.141/kg, up from Rs.140/kg on September 20, 2024

8Indian Petrochem analysts have reported a price cut for PEG 400 in the domestic market of Delhi. The price of PEG 400, which stood at Rs.116/kg, has dropped by Rs.2/kg, bringing the new rate to Rs.114/kg today. This reduction reflects shifting market conditions within the chemical sector

8PEG 600, a pivotal component in industries spanning lubricants, hydraulic fluids, and coolants, has undergone a sharp rise in the Ahmedabad market today. Initiating from Rs.143 per kg on August 30, 2024, the price went down to Rs.140 per kg on September 5, 2024. The latest update on September 25, 2024, shows the price settling at Rs.146/kg, reflecting a Rs.3/kg increase from the last assessed price  quoted on September 17, 2024

8The Delhi market has recently seen a surge in liquid alkali prices. This increase is driven by a combination of tight supply conditions and rising demand from downstream industries, particularly in the production of chemicals.On September 25.2024, liquid alkali prices in Delhi were quoted higher from Rs.24/Kg to Rs.26/Kg registering a hike of Rs.2/kg

8A notable price cut in liquid chlorine has been observed in the Delhi domestic chemical market today, signaling a shift in market trends. The price of liquid chlorine dropped from Rs.16/kg to ?15/kg, reflecting a Re.1/kg decrease in response to fluctuating market conditions

8The Isopropyl Alcohol (IPA) market in Mumbai has entered a phase of price fluctuation, following a period of stability that lasted from September 9 to September 18, 2024. Despite earlier predictions of price hikes, today's market saw IPA prices fall from Rs.133/kg to Rs.131/kg due to a supply surplus

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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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]