This is a huge downstream petrochemical tender
8And it is complex, and many bid extensions have been given
8All queries have been addressed, and the role of the consultant has been clearly demarcated
8Even so, one wonders why the bid submission date had to be extended time and again

The Maleic Anydride project of IOCL seems to be an example of how there has been a slow drift in the company towards unprofessionalism under the new dispensation.
8The way it has been done is now how it should be done
8And clearly, the government is not helping either while obfuscating in selecting a new chairman of the company.
8Let us go step by step on how IOCL did this project formulation all wrong.
8It points to sloppy work, a far cry from the professionalism seen in that company before the present dispensation took over.

Basell Polyolefine GmbH has made the grade
8The scope of work has been amended accordingly for this giant petrochemical project.

8Even as there is cynicism about whether green ammonia can ever be able to touch the magical below $500 per tonne price (as of today the price of ammonia bought by India is $400 cfr as reported by our sister site, www.indianpetrochem.com), the country's largest buyer of ammonia says that this price benchmark is just around the corner.
Find out more on what it is learned.

8Adani-Total has appointed a new boss

8In recent times, the market for SEBS 503, a product manufactured by LCY Group, has witnessed notable fluctuations in its pricing dynamics. The Delhi market, which serves as a critical hub for SEBS 503 trading activities, saw a price change today. On Aug 23,2024, the rate of SEBS 503 experienced a decrease of Rs.7/kg, shifting from Rs.230/kg recorded on August 16, 2024 to Rs.223/kg. This decrease in price underscores the ongoing fluctuations and the need for market participants to remain vigilant and adaptable in response to changing market conditions.

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

8The Delhi polymer market has experienced a significant price drop in Styrene-Acrylonitrile Copolymer (SAN), specifically the San-Natural grade. According to the latest update from Indian Petrochem analysts, the price of SAN has decreased by Rs. 3 per kg, bringing it down to Rs. 157 per kg as of August 23, 2024. This reduction follows the previous day's rate of Rs. 160 per kg on August 22, 2024.

8The Mumbai polymer market has seen a significant drop in the price of Polyethylene Terephthalate (PET), grade G5801. According to the latest update from Indian Petrochem, PET prices have fallen by Rs. 2 per kg, decreasing from Rs. 113 per kg on August 22, 2024, to Rs. 111 per kg on August 23, 2024.

8The Ahmedabad polymer market has seen a notable increase in the prices of Polyamide 6 (PA 6), specifically the E35 grade. According to Indian Petrochem analysts based in Ahmedabad, the price of PA 6 has risen by Rs. 2 per kg, reaching Rs. 202 per kg as of August 23, 2024. This marks an increase from the previous day's rate of Rs. 200 per kg on August 22, 2024.

8The Delhi chemical market has seen a notable increase in the price of Dioctyl Adipate (DOA), reflecting the market's sensitivity to supply and demand dynamics. As of August 23, 2024, DOA prices in Delhi have surged to Rs.176 per kg, marking a Rs.4 per kg rise from the last recorded price of Rs.172 per kg on August 17, 2024.

8The prices of Diisononyl Phthalate (DINP) in the Mumbai market have shown significant variations over the past few weeks, primarily driven by shifts in market demand. On July 31, 2024, the price of DINP was recorded at Rs.151 per kg. However, prices saw an upward movement on August 5, 2024, and remained stable until August 10, 2024. Following this period of stability, DINP prices began to decline, dropping to Rs.148 per kg by August 16, 2024. As of August 23, 2024, the price has further decreased, settling at Rs.144 per kg

8In the domestic market of Mumbai, prices for DIBP have experienced an upswing, driven by constrained product availability, as informed by Indian Petrochem analysts. The limited supply has resulted in a noteworthy upward turn in  prices, a trend initiated on August 5, 2024

8Get a complete synopsis and price comparison trends here

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