The international crude oil price of Indian Basket was quoted at around $42.17 per barrel on Oct 12, 2020. Read more
Naphtha prices were recorded to be static in Japan and Europe due to a steady demand trend on Monday. Read more
Butadiene prices were assessed to be higher in South Korea, China and South-East Asia, while remaining unchanged for Rotterdam and US Gulf Read more
The price of DEG has been slashed by Rs 2/kg. The new basic price of DEG being Rs 38/Kg. Read more
GSFC has announced a price revision for Cyclohexane. Read more
Vizag has announced a price revision for Benzene. Read more
The company is currently operating the plant at 100% of production capacity levels. Read more
As reported in our previous analysis, the price of PAN has been going down but as of today the price of PAN has increased in the Mumbai market, according to trading sources. Read more
The company halted operations at the plant on October 10, 2020. Read more
The company is likely to resume production at the plant by mid-October, 2020. Read more
Haldia Petrochemical Ltd (HPL) has announced X Incentive on PP for October 2020 Read more
CNOOC and Shell Petrochemicals Co (CSPC), has taken off-stream its low density polyethylene (LDPE) unit for turnaround. Read more
Total chemical tonnage that is going to be processed in Indian ports is close to 0.9 million tonnes. Read more
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Many domestic specialty chemical companies have invested in expanding their capacity in the last few years along with investing in R&D which has helped them in becoming major players in the chemical industry. Read more
Many Indian companies are looking for CRAMS opportunities for intermediates along with few domestic companies aiming for export market shares for finished products.
The India chemical industry size is estimated at ~$163 billion in FY18 is expected to reach ~ $300 billion by FY25 with an anticipated growth of 9% CAGR.
This industry is currently valued at $32 billion and is expected to reach $65 billion by FY25E.
Growth from the domestic speciality chemical industry would be provided to by sub sectors like agrochemical, surfactants, aroma chemicals, plastic additives, water treatment chemicals, etc.
With China coming down hard on environment scofflaws, forcing small chemical industries to shut down, US President Donald Trump's tough import tariffs with China and COVID - 19 is making all global chemical buyers rethink and modify their supply chains. A shift in production and consumption towards Asian and South East Asian countries will lead to an increased demand for chemicals and petrochemicals. A modest shift of 5% in market shares from China to India can render a @8 billion opportunity for the Indian specialty chemical makers.
As of 12th October 2020, GAIL has announced MQAIS Linked Additional Discount scheme for October 2020 on fulfillment of MCQ % as follows: Read more
As of 12th October 2020, HPCL has announced y and Z incentive amount for October 2020 on >= 100% CCS lifting: Read more
JV with SK Gas in Saudi Arabia has added an IPA plant to its Jubail complex diving into Advanced Petrochemical in Saudi Arabia. Read more
Naphtha prices opened lower as compared to previous days close, following a fall in crude oil prices on Friday. Read more
The price of Methanol has been cut by Rs 0.25/kg. The new basic price of Methanol at Rs 22.25/kg. Read more
Reports of improved regional demand trends and stronger isomer CFR Korea and CFR SE Asia prices of OX were assessed to be up at the $ 530/ton and $ 545/ton levels. Read more
Methanol price picked up in some international markets on the back of strong demand trends in the region. Read more
The company is currently operating its plant at 100% of production capacity levels. Read more
The company has scheduled maintenance turnaround at the plant over the month of October 2020. Read more
The company halted operations at the unit on October 7, 2020. Read more
As of 12th October 2020, Coal India Ltd has invited global bids for a coal to methanol plant at Sonapur near Asansol. The others will be set up in Chhattisgarh, Maharashtra and Jharkhand. Read more