News & Bulletin Updates

8Project Name: Panipat District City Gas Distribution
8Project Cost: Rs 250 crore
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Jun 14, 2022: Shipments Update

8One Sulphuric acid shipment is coming on 22 June 2022
8Two Urea shipment is coming on 14 & 15 June 2022
8One Rock Phos shipment is coming on 15 June 2022

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Jun 14, 2022: Daily import matrices

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8LNG
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8Fertilizers
8LPG
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8Bulk and Dry cargo
8Port Update

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8The Government of India has decided to appeal against the English Commercial Court arbitration award in favour of Reliance Industries (RIL) and Shell (earlier BG Exploration and Production India Ltd) in a cost recovery dispute over the PannaMukta and Tapti oil and gas fields in the western offshore.

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8The ongoing war between Russia and Ukraine has compelled Indian oil refiners -- both central and private -- to significantly raise their intake of Russian oil.

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8During the first 100 days of Vladimir Putin's war in Ukraine (from February 24 to June 3), Russia earned €93 billion ($98 billion) in revenue from fossil fuel exports, of which 61%, around €57 billion, came from European nations.

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8Oil prices seesawed in positive and negative territory on Tuesday, holding up despite recession fears and potential new COVID-19 curbs in China that could dampen demand as the market remains tightly supplied.

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8Russia has overtaken Saudi Arabia to become India's second-biggest supplier of oil behind Iraq as refiners snap up Russian crude available at a deep discount following the war in Ukraine, industry data showed.

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8The share of Russian oil in Reliance Industries' overall crude imports in May rose to over a fifth as the conglomerate snapped up discounted Russian oil, shunned by many buyers after the West imposed sanctions against Moscow for its invasion of Ukraine, according to data from trade sources.

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8The government has said timely supply of chemical fertilizer this year has become a tough task due to a prolonged process of procurement.

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8Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), a joint sector company promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals (GSFC), is all set to become the largest producer of concentrated nitric acid (CNA) by the end of the current calendar year.

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8BHP Group (BHP.AX) is open to taking on a partner as it builds its first potash mine in the Canadian province of Saskatchewan, but can also go it alone and is not currently involved in discussions with rival Nutrien Ltd (NTR.TO), a senior BHP executive said on Monday.

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Cyclohexane prices were quoted lower in the Chennai chemical market today.

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Petrochem sources from Ahmedabad have reported a huge rise in VAM prices.

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On June 14, 2022, the Kandla market witnessed a rise in C9 solvent prices.

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Formaldehyde prices have moved lower in the Kolkata market.

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On June 14, 2022, Petrochem sources reported a fall in dichloromethane prices in the Mumbai market.

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Tetrachloroethylene prices are demonstrating a robust increase in the Ahmedabad chemical market.

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Electrolytic manganese prices have moved upwards in the Delhi market, today.

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Petrochem sources reported a significant fall in secondary lead prices in the Mumbai market.

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65 brass offcut prices in the metal market of Mumbai are currently at lofty heights.

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EPDM grade 6405 prices have escalated in the Mumbai market, today.

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Petrochem sources have reported a rise in Delhi's rubber accelerator prices today.

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On June 14, 2022, Petrochem sources reported a fall in octanol prices in the Kandla market.

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Acetone prices are demonstrating a robust increase in the Mumbai chemical market.

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