News & Bulletin Updates

Acrylic resin prices are generally moving in a narrow band, down one week and up one week. The same trend is going to continue unless demand picks up or the general overall subdued environment sees an improvement.
8So our projection is a mild upturn next week, nothing significant

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There is a general downward trend noticed in unsaturated polyester resin over the month with slight variation this week. 8But beating the general sentiment is not going against the grain
8Though we have a surprise projection of prices that are going to behave in the coming week

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The Dichloroethane market showing mixed sentiments in the week starting Jul 13 on account of indifferent demand.
8But we have a projection to make on how prices are going to behave going ahead next week

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8The imported Butyl acrylate market is likely to continue seeking direction amid a mixed sentiments in the week starting Jul 13.
8Covestro to resume construction of word–scale Butyl acrylate plant in China
8Find out which directions will this market go next week, according to our projections

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The market continues to be dragged down by fundamentals, as prices continue to remain depressed all around, due to fears of a looming recession. Prices have been falling. We expect the negative trend to continue for some more time. However, PBR prices are related to the price of crude, and if crude prices continue to trend upwards, despite lower demand, it will be difficult to keep the price of this material from rising.
8Find out what our price projections are for PBR in the coming week

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Toluene prices are on the decline, as projected by us
8As demand is lackluster due to the generally subdued market conditions
8The rainy season means lower usage of paints and thinners as well well as lower demand from the leader industry
8Find out what the price outlook is for the coming week

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8We got the forward looking weekly projections right for sulphuric acid right for the last three weeks
8Find out what our projections are of which way prices are going to go next week?

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Get here the cotton prices for today
8China Cotton Index : 12-07-2022: 17559 Yuan (Changed: - 105)
8Karachi Cotton Association Spot Rate: 12-07-2022: Pak 16180 (37.324Kg) (Un-Changed: )
8MCX - Cotton Future : 12-07-2022: Oct : 2022 : Rs. 34700 (Changed: -350)
8NYBOT- Cotton Future: 12-07-2022: Oct: 2022 : $ 98.44 (Changed : -4.00)

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It looks like Megha Engineering & Infrastructure Ltd is in tussle with with two great contenders in these two refinery tenders
8Both tenders had been cancelled now
8And retendered

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8Megha Engineering & Infrastructure is trying to break into never-before territory

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O&M for onland rigs is a limited business
8It is a lucrative busienss and few players

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8What is the reason behind the delay in the tender opening in CPCL's Nagapattinam project?

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8The Amit Shah-run Ministry of Cooperation continues to recruit more people

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8For this particular fertilizer-related company, they could not find a suitable director

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Effluent Treatment Plant Up-gradation Project
8Cost: Rs 101 Cr.
8Project Event40 % of construction work has been completed, The commissioning is likely to be done in January 2023 in place of Nov 2022, due to delay in the construction. All the procurement work has been completed and all the long lead items is been reached the site. Ion-exchange India Ltd is the LSTK contractor.
SSP/GSSP Greenfield Project
8Cost: Rs 15 Cr.
8Project Event: The proposal for the environmental clearance is likely to be submitted in August 2022, RFQ for the local contractor is likely to be released in August 2022, The company is talking with a different local contractor

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Jul 13, 2022: Shipments Update

8Two sulphuric shipment are coming on 14 & 16 July 2022
8One NPK shipment is coming on 20 July 2022
8One ammonium nitrate shipments are coming on 24 July 2022

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Jul 13, 2022: Daily import matrices

Get the daily updates for
8Chemicals
8
Crude

8LNG
8Fertilizers
8LPG
8Ammonia

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On July 13, 2022, Petrochem sources confirmed that VAM prices had slipped in the Kandla market.

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A fall in cyclohexanone prices in the imported market of Hazira was noted on July 13, 2022.

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An elevated trend is noticed in butyl cellosolve prices.

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A fall in potassium bromide prices in the domestic market of Mumbai was noted on July 13, 2022.

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A cut in PVA 24-88 prices in the imported market of Delhi was recorded today.

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Phosphorous acid prices have gained in the imported market of Mumbai.

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A fall in IPA prices in the imported market of Kolkata was noted on July 13, 2022.

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Petrochem sources reported a massive fall in acetic acid prices in the Kolkata chemical market.

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