8Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts.

8Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but 27 members of the European Union have been unable to agree on the embargo.

In the past one year, these are price movements for fertilizers:
8The price of Urea (FOB) has increased by about 58.51%
8That of DAP (CFR) has increased by about 83.33%
8MOP (CFR) price has increased by about 138.87%
8Phosphoric Acid (CFR) saw a hike of  about 92.45%
8Rock Phosphate (CFR) has increased by about 99.04%
8Ammonia (CFR) has increased by about 162.34%
8Sulphur (CFR) by 83.77%

8Centralized planning will always show a rosy picture
8As in this case, where despite pressures, what is shown is that there is enough fertilizers currently to take care of the contingencies immediately ahead

Nano Fertilizer Greenfield Project
8Cost: 225 Crore
8Project Event: Still, the studies are ongoing, The project is still waiting for environmental clearance, and RFQ for the Process licensor as well as the LSTK contractor is likely to be released in June 2022.
Ammonia/Nitric Acid/SOP Greenfield Project
8Cost: 200 Crore
8Project Event: The EIA studies are on hold due to financial issues, RFQ for the LSTK contractor for the ammonia plant is likely to be released in Q2 FY 2022-2023

8Russia has increased the export quotas for Russian producers of mineral fertilizer by almost 700,000 tons and that of nitrogen fertilizers was increased by 231000 tons, media reports said.

8One Ammonia Shipment will reach on the 26th of April 2022
8One Rock Phosphate Shipment will reach on 21st of April 2022
8One Ammonia Shipment will reach on 24th of April 2022

VAM prices have escalated in the Ahmedabad market, today.

MMA prices registered a sharp rise in the imported market of Kandla. 

DEG prices were quoted higher in the Kolkata market, today.

MIBK prices witnessed a fall at the Kandla market.

A fall in NBA prices in the imported market of Hazira was noted on April 21, 2022.

Octanol prices witnessed a huge fall in the Kandla market.

Petrochem sources reported a revision in benzene prices at Vizag today.

On April 21, 2022, Petrochem sources reported a fall in acetic acid prices in the imported market of Kandla.

Domestic market sources reported a rise in Mumbai’s MEK prices today.

Aniline prices registered a fall in the Mumbai market.

Petrochem sources in Mumbai have reported a significant rise in Acrylonitrile prices.

Rock phosphate prices have moved down in Delhi.

Manganese Sulfate prices were assessed lower today in the metal market of Ahmedabad.

Recycled LDPE injection Molding (glucose bottle scrap) white color prices were quoted steady in the Mumbai market today.

Zinc oxide prices witnessed a fall at the Mumbai market.

On April 21, 2022, Petrochem sources reported a steady trend in pure rhodium prices in the Mumbai metal market.

On April 21, 2022, Petrochem sources reported a cut in EPDM grade 330 prices in the domestic market of Mumbai.

Domestic market sources reported a rise in Delhi’s liquid alkali prices today.