News & Bulletin Updates

A significant fall in acetonitrile prices in the Mumbai chemical market was reported by Petrochem sources today.

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DEG prices have increased in the Hazira market.

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Petrochem sources reported a considerable fall in VAM prices in the Mumbai chemical market.

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Jul 27, 2022: NBA at reduced rates

On July 27, 2022, Petrochem sources reported a fall in NBA prices in the Kandla chemical market.

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Lauric acid prices in the Delhi market have registered a fall today.

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Thiamethoxam 97% prices were much higher in the Mumbai market today.

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Hexaconazole 95%  prices witnessed a significant fall in the Ahmedabad market today.

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8The government on Tuesday said in the Rajya Sabha that five to six nano-urea plants would be set up in the next two-three years, which would make available more than six lakh tonnes of urea every month.

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8State-run ONGC on Tuesday signed a memorandum of understanding with Greenko Group, to jointly pursue opportunities in renewable energy, green hydrogen, green ammonia and other derivatives of green hydrogen.

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8Shares of GAIL (India) Ltd. 0.0 per cent to Rs 147.0 in Tuesday's trade.

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8India’s crude oil imports in June rose just about 21% from the similar month ultimate 12 months, helped via a gentle build up in intake, whilst refiners endured to herald discounted Russian gas to control increased international power costs, govt knowledge confirmed on Tuesday.

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8The project will have a capital investment of Rs 6 crores and a capacity of 90 MTPM
8It will provide job opportunities for 45 people

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Jul 26, 2022: Capex plans

The following capex proposals are lined up
83.85 MTPA throughput Iron Ore Beneficiation Plant and 2.0 MTPA Pellet Plant
8Iron and Steel plant
8Expansion of Integrated Mini Steel Plant
8Regularization of the existing project of Rolling Mill having capacity of MS Ingots of 80TPD

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MGPPL is a subsidiary of a Panchkula-based construction company. At present, MGPPL is setting up a new grain-based distillery for manufacturing ethanol with an installed capacity of 200 kilo litre per day.
8The company has entered into an agreement with FCI for the supply of rice/broken rice, being the major raw material for manufacturing ethanol at a subsidised rate, going forward

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MCL's products find wide application in multiple industries, including paints, plastics, printing inks, detergents, rubber and textiles. The company has an established customer profile, which has resulted in repeat orders owing to its long presence in the pigments business.
8Its key customers include reputed players from the paint, leather, rubber and plastic industries.
8The company also sells colourants to reputed FMCG companies and rubber masterbatch (RMB) to footwear manufacturers

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Cochin Surfactants can manufacture 1800 MT of activated carbon in a year from its plant.
8Since the company has not provided information to the rating firms, the stability of the company cannot be commented on

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8Indo German Carbons Limited is a 100% Export Oriented Unit situated in Cochin Special Economic Zone to manufacture coconut shell-based activated carbon that finds its application majorly in water purification and gold extraction. Since the company has not provided information to the rating firms, the stability of the company cannot be commented on

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The project aims at creating circular food-grade recycled polypropylene (FGrPP) from post-consumer packaging. 8LyondellBasell, one of the largest plastic and chemical companies in the world, has recently joined the initiative that brings more than 40 major industry players together

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8Japanese trading house Itochu and South Korean petrochemical producer Lotte Chemical will co-operate on ammonia businesses to secure fuel-use ammonia for Japan and South Korea

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8Since the Export Award Function could not be held due to the COVID-19 Pandemic, all awardees who were already selected for 2017-18 will be honoured together with awardees from 2018-19, 2019-2020, and 2020-21

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8Indian Pavilion could not be organised at the China Interdye Exhibition due to the COVID pandemic and also, the show was frequently postponed. However, owing to continuous efforts for promoting exports and organizing the Indian Pavilion at this Mega show, you can participate in the China Interdye exhibition through a new Online match-making platform via Hybrid Mode

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8Get the latest rubber prices for Singapore

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8The Dow Chemical Company has posted net sales of $15.7 billion, up 13% versus the year-ago period with gains in all operating segments and regions during the second quarter of 2022

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Nigam Industries is engaged in processing and trading of chemicals which find application in various industries such as pharmaceutical, agriculture, fertilizer etc. on a job-work basis.
8How is the company faring?

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Tirupati Fibers is engaged in the business of cotton ginning and pressing.
8Since the company has not provided information to the rating firms, the stability of the company cannot be commented on

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