News & Bulletin Updates

Tight supply coupled with high demand has raised indium ingot prices in the Delhi market.

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On 13 February 2023, Petrochem sources reported a cut in zinc alloy grade - Zamak 3 prices in the Mumbai metal market.

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A rise in zinc oxide prices in Ahmedabad.

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Zinc ingot prices have escalated in the Ahmedabad market today.

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On February 13, 2023, Petrochem sources confirmed that polystyrene sheet prices had slipped in the Mumbai market.

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In February 2023, Petrochem sources reported a fall in bright aluminium prices in the Delhi market.

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Petrochem sources reported a significant fall in fipronil prices in the Ahmedabad chemical market.

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Pymetrozine's 97% prices decreased in Mumbai in anticipation of tight regional product avails and improved buying sentiments.

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8A startling development puts a shadow on the Mumbai High Redevelopment-V and BD-17 field tender of ONGC
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The language is muted when it comes to dealing with an unpalatable subject
8This concerns banned firms in the oil & gas industry
8There is now a move to have a review policy for banned firms but the language is confusing
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An elevated trend is noticed in thiamethoxam prices.

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The following midstream update is available
8There is work coming up in the Paradip-Raipur Ranchi Pipeline for petroleum products
8Then preliminary work has begun for the Warisaliganj POL Terminal and LPG Plant (BPCL)
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Phosphoric acid Expansion Project
8Cost: 130 Cr.
8Project Event: The pre commissioning is ongoing, The project is likely to be commissioned at the end of February 2023.

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On February 13, 2023, acetamiprid 97% prices were down in the Ahmedabad market.

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The total war chest for green hydrogen in India has grown to $7billion in investments
8And it seems to grow at a rapid rate.
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Imidacloprid prices witnessed a massive fall in the Delhi market today.

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Cellulosic ethanol has been 5 years away for decades.
8The technology however never really matured and while a host of projects were announced by the oil majors, they never really took off
8But this time it may be different.
8Find out why that is so
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In a crucial LNG terminal, L&T has slipped up on its work
8And timelines have got extended by six months, much to the consternation of the owner
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Petrochem sources reported a significant fall in chlorpyrifos 97% prices in the Mumbai chemical market.

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Integrated drilling services require a lot of sophisticated consultations between the bidder and the operator.
8Drilling continues to remain an inexact science even now despite the improvements in technology, and all conditions will have to be taken into account by the bidder while doing a complete drilling job
8In one sense, the operator is transferring some of his own risks to the bidder when looking for an integrated job.
8Cairn India had been doing this jobs and complications have often arisen between the service provider and the operator.
8Here is another company trying to repeat the same process and now it is in the midst of answering all the queries.
8Normal rig owners will not have the technology to bid for such work and it will have to be the multinationals who have everything, including all the tools under one window, who will be able to execute it.
8Normally bidders are reticent to try out this new model with all and sundry, for when complications arise, payments can become a problem.
8The fact that there is an active clarification process on means that there is interest in this new job.
8Eventually who puts in their bids remains to be seen.
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8Project Name: Kannur & Kasargod Districts City Gas Distribution
8Project Cost: Rs 300 crore.
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8Project Name: Palakkad & Thrissur  Districts City Gas Distribution
8Project Cost: Rs 300 crore.
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Feb 13, 2023: Daily import matrices

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8LNG
8Crude
8Chemicals
8Fertilizers
8Coal-Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update
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On February 13, 2023, Petrochem sources confirmed that ethyl acetate prices had risen in the Mumbai market.

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An increase in acetic acid prices has been noted in Mumbai today.

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