News & Bulletin Updates

8We bring you today's grade wise coverage of petrochemical prices

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8Get India's most comprehensive daily coverage of chemical prices

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The chemical import database is tracked for the following ports:
8Mundra, Kandla, Sikka, Pipavav, Dahej, Magdalla, Hazira, Mumbai, Digi, Karwar, New Mangalore, Cochin, Tuticorin, Chennai, Ennore.Kakinada, Vizag, Paradip, Haldia

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IOC has two LNG cargoes lined up in the next few days
8One at Dahej
8The other at Ennore

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8The Nayara LOIs have finally been handed out, it is learned

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8Engineers India Ltd (EIL) today announced it has decided to bid for acquiring 61.65 per cent stake held by Bharat Petroleum Corp (BPCL) in Numaligarh refinery as part of a consortium with Oil India Ltd (OIL).

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Private equity firm Brookfield has been in the limelight in the oil & gas industry because of its acquisition of the East-West Pipeline
8It held on to the pipeline for quite a while after spending a lot of money before it began ferrying gas from RIL's KG Basin discovery this year. This is the kind of staying power few would have
8Clearly this is a different class of investor and our hunch is that it is only beginning to get interested in the midstream segment of the industry
8Watch out for more action from this PE going ahead

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8Megha Engineering & Infrastructures Ltd (MEIL) is now becoming a dogged competitor in the downstream segment
Find out why it may end up winning contracts

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The Prime Minister has promised that GST will be promulgated on gas soon.
8Where is the immediate pressure to do so coming from?
8Also where is the opposition coming from?

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8PLL's Sri Lanka terminal may be under a bit of cloud

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SSP/NPK Greenfield Project     
8Cost - Rs 70 crore
8Project Event: Project activities affected due to COVID-19, Still, feasibility studies are ongoing, The company is planning to submit the proposal for the environmental clearance in March 2021 due to delay in the studies, RFQ for the a contractor is likely to be released in May 2021

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Feb 19, 2021: DAP plant: Update

DAP Greenfield Project  
8Cost - Rs 200 crore
8Project Event: The proposal for the term of references has been accepted and studies are still ongoing, proposal for the environmental clearance is likely to be submitted in March 2021. The company has applied for a loan, RFQ for the EPC contractor is likely to be released at the end of April 2021

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The staffing industry in India has grown to an extraordinary level, especially in the area of a third-party payroll service provider. Over the past five years, the industry has grown at a rate of 20-25% per year, and it is not showing any signs of slowing down as yet.
8Find out what one of the pioneers in this industry has been doing

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Sustainable fertilizers is now the new buzz word
8And dozens of new technologies are being tried out globally
8This industry too is likely to make a climate transition, though the timeline is still open-ended

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A farmers' non-profit has asked for urea prices to be raised
8That has raised eyebrows

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According to domestic market sources, on February 19, 2021 PVC imported and RIL K6701 grade prices were increased by Re.1/Kg.

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On February 19, 2021, the purchase trend for EVA prices increased by Rs.3/kg in the open markets of Mumbai, Delhi, Chennai, Ahmedabad and Hyderabad.

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A producer from Japan is heard to have offered its PVC resin in India.

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Taiwanese producer Formosa Plastic Corp, is heard to have offered its PVC resins in India.

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A producer from Vietnam has offered its PET in India.

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JBF Industries Ltd. announces a revision in PET prices.

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Deals for DAP and NPK have just been done by IPL and Chambal Fertilizers but the price paid is high.
The squeeze in supply is likely to continue right through Q-1, it seems.

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Feb 19, 2021: Buyer looking for gas

8A buyer is looking for gas
8Find out more

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8First large-scale ammonia plant of a fertilizer company is converting to green ammonia

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Styrene monomer prices witnessed a rise at Kandla port.

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