News & Bulletin Updates

Petrochem sources reported a revision in toluene prices at Kandla today.

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

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MX prices have moved lower in the Mumbai market.

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On April 15, 2022, Petrochem sources reported a fall in MEK prices in the imported market of Mumbai.

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Low acetic acid prices were quoted in the Kandla market today.

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Acrylonitrile prices registered a fall in the Mumbai market.

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A fall in VAM prices in the imported market of Mumbai was noted on April 15, 2022.

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8GHCL Ltd. is the largest single location manufacturer of Soda Ash in India
8And the point to note is that capacity expansion and favourable industry dynamics will drive its growth

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8Effective immediately, or as contracts permit, Clariant will implement price increases across its Catalysts portfolio.
8Meanwhile, Clariant signed a deal with Technip

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8Shin-Etsu Chemical has newly developed a thermal interface silicone rubber sheet, the "TC-BGI Series," for applications in components for electric vehicles as the technology for high voltage devices advances

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8Get the latest rubber futures prices in Singapore

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8Hartex Rubber is a manufacturer of all types of tyres and tubes comprising of bicycle and two wheeler tyres and jointed tubes, moulded tubes etc.
8And it seems to be doing well

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8The company won the award for Excellence in the Utilization of KT Process in Manufacturing Operations, while Gareth Phillips, Customer Excellence Lead at Sun Chemical was named Program Leader of the Year

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8Dawn Polymer issued an announcement that the Issuance Review Committee of the China Securities Regulatory Commission reviewed its non-public offering of shares and the application has been approved

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8Noble Corporation and Maersk Drilling provided an update on the ongoing merger control process for the business combination announced on 10 November 2021
8The merger control process has been unconditionally approved by the competition authorities in Brazil, Norway, and the Republic of Trinidad & Tobago. Accordingly, the only outstanding pre-closing merger control clearances are in Angola and the United Kingdom. The Parties expect the competition authority in Angola to unconditionally approve the Transaction during April 2022

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8Celanese Corporation has completed the restructuring of Korea Engineering Plastics Co. (KEP), a joint venture owned 50% by Celanese and 50% by Mitsubishi Gas Chemical Company, as previously announced in December 2020

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8Thailand-based Indorama Ventures has completed the takeover of 100% stake in Brazil-based Oxiteno S.A. Indústria e Comércio

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8Israel's largest refinery and petrochemicals group, Bazan, said it bought a local recycled-plastics producer and has partnered to build two recycling plants to reach a target of using 15% recycled plastics by 2025

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8SCG Chemicals has closed a deal to acquire a 70% stake in Sirplaste- Sociedade Industrial de Recuperados de Plástico, S.A. or Sirplaste, a leading plastic recycling company in Portugal

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8German firm Röhm is further driving up growth of the company through additional expansion of capacities for impact- resistant Plexiglas, a branded polymethyl methacrylate (PMMA) in Germany

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8Netherlands-based Lyondell Basell has licensed its EVA and LDPE technology to China once again

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Western oil companies stand to lose heavily in the Russian debacle.
8For example, by walking out of Rosneft, BP lost 32% of its daily output.
8And there are other companies too which will be abandoning a whole lot of prized assets..
8The point is here how aggressively will Indian companies want to fill this gap? In many cases however, western companies were not just bringing in equity but also technology, which Indian companies will be unable to match.
8Then again, if India is coerced to stay off Russia because of secondary sanctions, like it did in Iran and lost on both Iranian assets as well as goodwill, the gains will accrue to China as they did in case of Iran. 
8The Chinese will be watching eagerly too to pick up the threads from where BP, Shell and others have left off.
8Also, India reportedly picked up crude from Russia at $25/bbl discount. At what price are Russians willing to sell oil today?

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8There are still unresolved issues in the 50 km Anjar-Mundra pipeline

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Additional tenders are out for the Pipeline Replacement Project (VII).
8The LOA went to L&T for this one

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8Pipeline companies have joined a campaign for revision of PNGRB guidelines which do not allow for revision of tariffs even when additional capex is undertaken

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