News & Bulletin Updates

Aug 25, 2022: Shipments Update

8Two Ammonia shipment is coming on 25 & 27 August 2022
8Two Phos acid shipment is coming on 24 August 2022

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8India will seek broader consensus before it supports US-led efforts to cap the price of Russian oil, which American officials are expected to push for this week when they travel to Mumbai and New Delhi.

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8Chennai Petroleum Corporation Limited (CPCL) has formed a joint venture (JV) with its parent company Indian Oil Corporation (IOCL) and other seed equity investors to build a refinery, with an investment of Rs315.80bn ($3.95bn), in the southern Indian state of Tamil Nadu.

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8India's crude oil imports rose to 20.34 million tonnes in July, up 35.4 per cent from a year earlier, helped by higher demand, government data showed on Wednesday.

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8Indian Oil Corp (IOC.NS), the country's top refiner, has set a 2046 net zero carbon emissions goal, its chairman S. M. Vaidya said at annual shareholders meet on Thursday.

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8Import of urea from abroad should be stopped. Farmers of the country need fertilizers.

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8To bring about uniformity in fertiliser brands across the country, the government today issued an order directing all companies to sell their products under a single brand name of ‘Bharat’.

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Prices for natural latex grade H.M.L have fallen in Mumbai.

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A steady decline in the price of SS 304L * 1250 grade cold rolled coil in the Ahmedabad market has been noted.

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Rhodium prices were assessed lower in the Mumbai market today.

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ToTM prices are increasing in the Mumbai market.

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Petrochem sources reported a significant fall in NBA prices in the Kandla market.

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On August 25, 2022, Petrochem sources confirmed that DEG prices had risen in the Hazira market.

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Isobutanol  prices firmed up at Kandla in anticipation of tight regional product avails and improved buying sentiments. 

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Octanol prices have escalated in the Hazira market today.

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An elevated trend is noticed in toluene prices.

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On August 25, 2022, VAM prices were assessed much higher in the Mumbai market.

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Strong regional demand coupled with tight supply led to the price rise.

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The price of I beam is gradually decreasing in the Delhi market, due to low demand.

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Silicon metal grade-553 prices were up in the Delhi market today.

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22% nickel sulfate prices registered a rise in the market of Ahmedabad.

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Copper bar prices were quoted lower in the Ahmedabad metal market today.

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On August 25, 2022, Petrochem sources reported a fall in NPG prices in the Delhi chemical market.

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DTY grade 75D/72F prices have witnessed a significant fall in the Mumbai market.

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A fall in FDY grade 150D prices was assessed in the Ahmedabad market today.

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