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

On October 17, 2022 ABS prices have been reported to be unchanged for South Korea, FE Asia, South East Asia, India, NW Europe, and the US Gulf.

PGME prices have moved higher today in Mumbai. 

On October 17, 2022 Petrochem sources reported a significant fall in pine oil prices in the Ahmedabad market.

8This Israeli LNG project has been of interest to India

There is a cap on prices for petroleum products now
8Price capping is also a problem in the power sector, where sometimes super normal profits are reaped
8And players are acutely aware of the issues at hand. Similar discussions are strangely lacking in the oil & gas sector

8GAIL is working on the connectivity of this particular LNG terminal
8Also, know more about why there is more certainty over this terminal's capacity to deliver on its promise?

8This Israeli LNG project has been of interest to India

Extruders are an important part of a polypropylene plant
8And they are expensive
8So why were orders given by three extruders and then withdrawn, for a total of three PP plants?

There is more bad news ahead for oil importers
8US Shale oil output may peak in 2024
8And that will mean that the US may not be able to work as a swing producer

8ONGC may not get deepwater drill ships at a cheaper price
So did it make a mistake cancelling an earlier tender?

Honeywell has a spate of high-technology products that are of interest to the oil & gas sector
8Some of them have not made their inroads into India, it seems

GX has a wish list of its own for the gas sector
8And some of it coincides with the demands of the gas suppliers
8Some don't

Ammonium Nitrate Greenfield Project
8Cost: 300 Cr.
8Project Event: RFQ for the hiring of an LSTK contractor is out, and the bid due date has been extended from 10 October to 30 Nov 2022
Ammonium Sulphate Expansion Project
8Cost: Rs 9 Cr.
8Project Event: All the engineering activities are completed and procurement and construction activities are in progress. RFQ for the LSTK contractor is likely to be released in at the end of October 2022. The final EIA report has been submitted in February 2022. The company will execute the project on its own, without involving any external technology supplier and it shall be using its available in-house expertise and resources

Get an update on the following midstream projects:
8Augmentation of Kandla LPG Import Terminal
8Mumbai-Nagpur-Jharsuguda natural gas pipeline (GAIL)
8Baitalpur POL Depot

Rs 8730 crore greenfield supercritical thermal power expansion project: Ball mill package in December 2022
8AHP work has been delayed due to the NGT issue.
8Civil and structural works have been completed and the installation of pressure parts is in an advanced stage of completion.
8PG test has been completed for ESP.
8RFQ for the ball mill system package is likely to be floated in December 2022.
Rs 3200 crore greenfield hydroelectric project: Civil works package (lot-1) in January 2022
8CEA recommended  modifications of DPR in the e-flows design parameter,
8Private land acquisition and Public hearings were completed for the same
8RFQ for the civil works package (lot-1) is likely to be floated in January 2022.
Rs 7500 crore  greenfield  standalone pumped storage project: SIA consultant in Q1 2023
8Forest clearance stage 1 is pending at the nodal office.
8Construction of the approach road is in progress and it is in an advanced stage of completion.
8Geotechnical investigation and topographical survey report are yet to be approved by GSI.
8Drilling works at the site are in progress and drifting work is yet to be started.
8RFQ for the SIA consultant is likely to be floated in Q1 2023.
Rs 305 crore construction of 400KV Transmission line:  P/S works in November 2022
8Forest clearance stage -1 has been approved by DFO but Stage 2 is pending at the nodal office.
8Approval from PTCC, railway, civil aviation, and defense is yet to be granted.
8Bid evaluations are in progress for the sub-station works.
8RFQ for the 400kv P/S works is likely to float in November 2022.
Get in touch with us for more on these projects

On October 17, 2022 Petrochem sources reported a fall in trimethylolpropane prices in the Ahmedabad chemical market.

High palm wax prices were registered in Delhi today.

Petrochem sources have reported a fall in 22% nickel  sulfate prices in the Delhi market.

Petrochem sources from Ahmedabad reported a significant fall in C5 fine prices.

On October 17, 2022, SAP prices were much pushed higher in the Ahmedabad market.

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

On October 17, 2022 butadiene prices have been reported to be steady in South Korea, South East Asia, Rotterdam due to stable demand patterns in the respective countries.

A steep rise in demand has lifted emamectin benzoate prices in Delhi.