News & Bulletin Updates

Nov 22, 2022: Global shipping rates

8Find out the latest shipping rates and indices across the globe

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8The Government of India’s (GoI) decision to roll back the duties imposed on ferrous and stainless steel products in May is a welcome step
8However, due to the falling steel demand and low prices, globally, the benefits are likely to be marginal

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Are some of the gas prices and gas allocations reached through an auction process rigged?
8Well, there is an admission by the government that there is a distinct possibility that they are

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Spot LNG prices have dramatically corrected.
8How long will such low prices last
8And what are the implications for various industry segments in India?
8Meanwhile, all long-term LNG is sold out till 2026. Spot LNG is all that you are left with

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8RIL hires a deepwater drilling ship

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Nov 22, 2022: Oil & gas write-ups

Here are some interesting write-ups
8Know more on how ONGC Energy Centre is developing green hydrogen solutions
8A new climate change governance architecture for India.
8A new withholding tax clause  has far-reaching implications for the oil & gas sector

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Here is an E&P field operator who is also a rig owner and a miscellaneous service provider.
8He has a robust attitude, and a willingness to take risks.
8But the scale of operations is modest, and the business can go sideways too if one is not careful
8Nevertheless he makes for an interesting case study of maneuverability available in the E&P space because this is a space not for the faint-hearted

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Rs 4446 crore greenfield pump storage project: SIA consultant in Q1 2023
8TOR of the project has been granted by the MoEF
8The geotechnical investigation and topographical survey report have been approved by GSI
8Bid evaluation is in progress for the EIA consultant. Find out who are the major contenders in the race.
8RFQ for the SIA consultant is likely to be floated in Q1 2023
Rs 1800 crore greenfield pump storage project: PMC package is expected by January 2023
8Preparation of DPR is in progress.
8Capital approval of the project has been granted by the State cabinet committee.
8Geological investigation and topographical survey at the site have been completed
8RFQ for the PMC package is expected by January 2023
Rs 6010 crore greenfield pump storage project: EIA consultant is likely to float in December 2022
8The owner has signed an MOU with the State Government for the development of the project.
8TOR of the project has been granted by the MoEF
8RFQ for the EIA consultant is likely to float in December 2022.
Get in touch with us for more on these project

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Granular Single Super Phosphate Greenfield Project
8CostRs 148 Cr.
8Project Event:  RFQ for the LSTK contractor for SSP plant is likely to be released in January 2023, due to a delay in internal discussions. The project has elicited environmental clearance, and internal discussion is still ongoing
SSP/NPK Greenfield Project
8Cost: Rs 70 Cr.
8Project EventThe feasibility studies, as well as site selection, has been completed, and basic engineering is ongoing, RFQ for the local contractor is likely to be released in Q4 2022- 2023

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8The NFL tender quantity allocations for urea have been done for various suppliers
8Find out who gets how much for delivery in which port

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Nov 22, 2022: Shipments Update

8One Phos acid shipment is coming on 24 Nov 2022
8Two ammonia shipment is coming on 25 &26 Nov 2022
8One Rock Phos shipment is coming on 30 Nov 2022

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Petrochem sources reported a significant fall in dibutyl phthalate prices in the Kolkata chemical market.

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A significant fall in MEK prices in the imported market of Kandla was recorded today.

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A sharp fall in acetonitrile prices in the imported market of Kolkata was recorded today.

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On November 22, 2022 seamless tube prices were further increased in the Mumbai market.

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Isophthalic acid prices are demonstrating an increase in the Mumbai chemical market.

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Manganese sulfate prices firmed up in Delhi in anticipation of tight regional product avails and improved buying sentiments.

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On November 22, 2022 Petrochem sources reported a significant fall in refined POP polyetherprices in the Mumbai market.

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On November 22, 2022, Petrochem sources reported a fall in DOTP  prices in the Delhi market.

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Phosphorus trichloride prices were quoted lower in the Delhi chemical market today.

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Phosphoric acid prices have witnessed a significant fall in the Mumbai market.

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Petrochem sources reported a significant fall in silver prices in the Mumbai metal market.

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A sharp fall in zinc ingot prices in the market of Delhi was noticed on November 22, 2022.

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On November 22, 2022, trichloroethylene prices were pushed higher in the Ahmedabad market.

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Aluminium fluoride have witnessed a significant fall in the Mumbai market.

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