News & Bulletin Updates

Nov 17, 2022: NMDC: Under pressure

8The rise in export duty on iron ore effective from 22nd May has put the company under stress

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8The fall was due to the ongoing COVID curbs and a deepening crisis in the country's property sector

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8The automotive steel wheels market is poised to grow by 33.92 million units between 2022-2026

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8The Global Steel Climate Council is calling on governments to establish a global emission standard that incentivizes steelmakers to use the cleanest steel production processes available

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8Find out more about SAIL’s framework, scope and standards for the future

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8The company’s top line increased this quarter, however the bottom line has been on a downward slope

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8The company produces ferroalloys and its top 3 customers contribute to 35% of the net sales

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8The company is a leading graphite electrode manufacturer & exporter globally

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Nov 17, 2022: Daily import matrices

Get the daily import updates for
8Chemicals 
8Crude
8LNG
8Fertilizers

8LPG
8Coal-coke

8Ammonia
8All tankers
8Bulk and dry cargoes
8Port updates

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ONGC gets a new chairman
8But there are major changes in the offing in the company too

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Offshore rigs in India may go through a severe existentialist crisis
8And it may wipe out the industry the way it is right now

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Ammonia-Urea Brownfield Project
8There is contracting still going on for the Talcher fertilizer plant
Concentrated Nitric Acid Greenfield Project
8Cost: 50 Cr.
8Project EventRFQ for the LSTK contractor will likely be released in December 2022. Detailed Feasibility Report (DFR) preparation is still ongoing

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8It looks like there may be another round of interviews for the PNGRB chairman

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8The ONGC tender for 12 jackup rigs has opened
Find out what kind of bids were attracted

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Nov 17, 2022: Shipments Update

8Two S. Acid shipments are coming on 19 &21 Nov 2022
8One Ammonium Nitrate shipment is coming on 24 Nov 2022

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An elevated trend is noticed in stearic acid prices.

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Gold prices were assessed higher today in Ahmedabad.

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On November 17, 2022, Petrochem sources reported a fall in styrene monomer prices in the Delhi market.

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A significant cut in C9 solvent prices was recorded in the Delhi chemical market today.

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Petrochem sources reported a drop in I beam prices in Ahmedabad's steel market produced by Jindal.

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Petrochem sources from Delhi have reported a significant rise in palm kernel oil  prices.

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On November 17 , 2022 Petrochem sources reported a significant fall in refined N-butyl aldehydeprices in the Ahmedabad market.

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A cut in adipic acid prices in the Delhi market was recorded today.

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Petrochem sources from Delhi have reported a significant rise in isobutyraldehyde prices.

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Petrochem sources reported a gain in xylene prices in the Delhi chemical market.

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