News & Bulletin Updates

Styrene monomer prices firmed up at Kandla in anticipation of tight regional product avails and improved buying sentiments.

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Petrochem sources from Mumbai have reported a rise in acrylonitrile prices.

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On December 28, 2022, acetonitrile prices were much pushed higher in the Mumbai market.

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On December 28, 2022, Petrochem sources confirmed that POP 2045 prices have increased in the Delhi market.

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A slight increase has been observed in the prices of Lauric Acid in the chemical market of Mumbai today.

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Petrochem sources reported a drop in tetrahydrofuran (Lab) prices in the Ahmedabad chemical market.

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Higher demand has increased glyceryl monostearate by 40% prices in Ahmedabad chemical market.

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MIBK prices registered a sharp increase in the imported market of Kandla.

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Robust demand has lifted isobutanol prices in the Kandla market.

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IPA prices firmed up in Mumbai in anticipation of tight regional product availability and improved buying sentiments.

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Dec 27, 2022: Daily import matrices

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Rs 11089 crore greenfield super thermal power project: Slow progress of ESP work
8Civil works have been completed for steam generator (SG ) units.
8Construction of railway siding work is in progress and it is in an advanced stage for completion.
8RFQ for the absorber system package is likely to be floated by Q1 2023.
Rs 3500 crore greenfield standalone pumped storage project: RFQ ahead for PMC package
8Geotechnical investigation and topographical report have been approved by the GSI.
8EOI for the SIA consultant has been floated.
8RFQ for the PMC package is likely to be floated in Q1 2023

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8In a letter dated December 24, the state agricultural minister P. Prasad pointed out that the farmers are demanding a raise in an incentive from Rs 170 to Rs 250 per kg, but the State is not in a position to shoulder the burden

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8Roop Polymers Ltd manufactures molded and extruded rubber components, plastic components and other allied for automotive and industrial applications

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8The company signed contracts worth over AED 1 billion with four Abu Dhabi companies to provide food catering services to all ADNOC Group companies from 2022 to 2027

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8The monocrystalline ingots will drive indigenization to produce renewable electricity from Silicon-based PV modules with efficiencies ranging from 21 percent to 24 percent

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8This is a great joint achievement by the BASF and PPES teams in Japan and a powerful step for the growing cooperation between both companies. It fits well into BASF’s strategy to develop CAM together with leading battery manufacturers in their respective home markets and expand the business for more growth globally

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8Versalis has announced the acquisition of the technology to produce enzymes for second-generation ethanol from DSM

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8The flights with SAF are a result of NCA’s commitment to making consistent efforts to reduce fuel consumption and CO2 emissions, including using sustainable aviation fuels

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81,50,000 MT of imported steam coal is needed from Mid April 2023 to June 2023

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8Elkem has decided to partially curtail its production in Norway by temporarily shutting down two furnaces due to high power prices

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8The proposed bio-PET plastics factory, with a capacity of 400,000 tonnes/year, could open in 2025

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8UK’s Synthomer, a supplier of acrylic and vinyl emulsions polymers, is to sell laminates, films and coated fabrics businesses for a total enterprise value of around US$255 million

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8Saudi Arabian Oil Company (Aramco), one of the world’s leading integrated energy and chemicals companies, is exploring collaboration on integrated refining and petrochemical opportunities in China

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On December 27, 2022, isobutylene prices were higher in the Delhi market.

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