News & Bulletin Updates

India's gas import dependency is going down.
8But that is not really a healthy sign

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If anyone is looking at comparisons, here is one between different countries on how they incentivize renewal fuel production
8What is it that other countries are offering that India can also offer?

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Zinc oxide prices in the Ahmedabad market registered a fall today.

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Molybdenum rod prices witnessed a significant fall in the Mumbai market today.

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Petrochem sources reported a cut in dichloroethane prices in the Kandla market.

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Tetrachloroethylene prices have witnessed a sharp fall in the Mumbai market.

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A fall in secondary lead prices was assessed in the Mumbai market today.

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Chromium metal prices were much higher in the Mumbai market today.

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Propylene glycol prices are demonstrating a robust increase in the Kandla metal market.

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IPA prices in the Delhi market registered a fall today.

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An elevated trend is noticed in phenol prices.

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Aug 22, 2022: Shipments Update

8One Ammonia shipment is coming on 23 August 2022
8One Rock Phos shipment is coming on 23 August 2022
8One NPK shipment is coming on 23 August 2022

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Petrochem sources reported a significant fall in DEG prices in the Hazira market.

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A significant fall in DOP prices was recorded in the Ahmedabad chemical market today.

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Octanol prices have witnessed a sharp fall in the Delhi market.

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8Project Name: Sonipat District City Gas Distribution
8Project Cost: Rs 250 crore
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8Project Name: Meerut District City Gas Distribution
8Project Cost: Rs 350 crore
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Ammonia-Urea Brownfield Project
8Cost: Rs. 6000 Cr.
8Project Event: RFQ for Sindri HURL town ship has been out and bid due date is 7 September 2022. The project is likely to be commissioned in November 2022 in place of September 2022 due to the slow progress.98% of construction work has been completed. Pre- commissioning is ongoing.
Granular Single Super Phosphate Greenfield Project
8Cost: Rs 148 Cr.
8Project Event: The project has elicitedenvironmental clearance, and internal discussion is ongoing. RFQ for the LSTK contractor for SSP plant is likely to be released at the end of September in place of July 2022, due to delay in the discussion

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An increase in C9 solvent prices has been noted in Chennai today.

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The fall in palm wax prices was assessed in the Mumbai market today.

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Petrochem sources reported a significant fall in styrene monomer prices in the Kolkata chemical market.

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8Engineering major Larsen & Toubro is committed to work across the green energy value chain and plans to invest up to USD 2.5 billion over the next 3-4 years, a company official said.

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8Assam-based central PSU Brahmaputra Crakers and Polymers (BCPL) has proposed to invest Rs 450 crore for a naphtha import storage and despatch facility in Haldia port area in West Bengal, a senior official said on Thursday.

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8Domestic crude oil producers received some respite from the government during the third fortnightly review of the windfall gains tax last week.

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8Indian Oil Corporation Ltd (IOCL) will be required to pay various charges and give bonds to transit petroleum from Meghalaya to Tripura through Bangladesh, according to a notification from the National Board of Revenue (NBR) at the end of last week.

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