News & Bulletin Updates

8Methanex Corporation will host an Investor Day on Thursday, June 16, 2022. Methanex’s executive leadership team will present a business update followed by a live Q&A

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8US extrusion machinery maker Davis-Standard has introduced its next-generation gear reducer, said to fulfil a variety of extrusion requirements, including those with high and low torque, speeds and extrusion pressures

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The turnover of Aarti Industries Ltd saw a sharp increase in 2021-22 though the last quarter saw a marked slowdown.
8So have profit

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Due to the pandemic and related restrictions, the company’s operating income declined in 2021. However, the operating income has improved in 2022 due to an improved demand scenario post the pandemic and reduced restrictions across the world.
8This growth is likely to continue, going forward

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8Get the latest rubber prices in Singapore

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8A spat between the leaser and the owner of an onland drilling rig may derail efforts to grab a contract

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8There seems to some confusion over award of tender for onland rigs by Oil India Ltd

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The capex undertaken by upstream companies in 2020 fell to its lowest since 2006 with focus of short cycle quick-payback projects.
8In 2022, while total upstream investment is expected to increase, it remains considerably lower than the pre-pandemic levels
8Find out why spending will continue to stay muted

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May 30, 2022: FPSO needed

8An FPSO requirement has come up

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8The turnkey vs. consultancy ROIs have always been a problem when it comes to engineering-cum-EPC companies
8The differential is wide, so much so that consultancy jobs are always preferred over turnkey in some companies

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Russian crude oil is reaching destinations in surreptitious ways to avert sanctions
8Just like the Iranians and Venezuelans did

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EIL has landed a good contracts recently
8And the point to note is that these are diverse jobs

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8IFFCO seems to have been able to get the PM to see it from its own point of view

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8Suddenly, there is a lot of activity coming up in Paradeep
8And that will be highly beneficial to the fertilizer units there

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8The government has made it clear that it is not going to to accept high prices for phosphoric acid

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8Get an independent update on the Chhara LNG terminal

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May 30, 2022: Shipments Update

8Two Phos acid shipment is coming on 2 &4 June 2022
8One Urea shipment is coming on 31 May 2022

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On May 30, 2022, the Ahmedabad market witnessed a steep fall in copper plate prices.

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Petrochem sources from Delhi reported a sharp rise in aluminum bar (6061-100mm) prices today.

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Tight supply coupled with high demand has raised manganese sulfate prices in the Delhi market.

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Chromium metal prices have climbed higher in Ahmedabad.

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On 30 May 2022, Petrochem sources reported a rise in polyurethane resin for sole prices.

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An elevated trend is noticed in aniline prices these days.

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Petrochem sources from Chennai have reported a huge rise in SM prices.

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Octanol prices have been revised at Kandla.

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