News & Bulletin Updates

8The website carries here a weekly outlook on SEBS prices
8Find out what our analysts are saying about how prices will behave till next week

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The line pipe industry in India is all set to flourish. The global steel pipes and tubes market is expected to reach $279 billion by 2027, with a CAGR of 8.4% in the next four years. India is the third-largest manufacturer of steel pipes with an estimated market size of Rs. 33,000 crore, which registered a steady 8.2% CAGR over the past 10 years.
8The government’s focus on increasing participation of local firms in government projects by disallowing global tenders for up to Rs. 200 crore, government spending on infrastructure projects (Jal se Nal, expansion of the National Gas Grid, and CGD pipelines among others), and anti-dumping duties on imports of seamless CS pipes from China would drive overall demand for steel pipes going ahead.
8Here is one company clearly benefiting from it

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As EPC or EPCM contractors, the focus is always in the oil & gas segment.
8But here is a chemical company, which has doubled its turnover during a COVID infested year
8And it is looking a respectable capex of around Rs 3500-3000 crore in specialty chemical segment

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PLL has extracted a high cost on its offtakers through its "use of pay" charges during the pandemic
8Such charges multiplied six times, after offtakers couldn't lift their committed quantities of gas
But offtakers are unwilling to pay these charges

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8Indian managers are always in demand.
8If for some reason, there is no fit in India, and the option is for an executive to leave, an option is always found for employment abroad.
This is exactly what happened in one such case. He was the managing director.

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8Get the latest update on the two jack-up rig hire by ONGC
8What is the status as of now, and who are the possible bidders? 

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Feb 11, 2022: MOPU demand coming up

Demand for a MOPU has come up
8Two interesting options are to be given to the contractor

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The electric vehicle market is in throes of change.
8And here is an insight into the market that CGD companies must keep track of so the CNG demand is not over-estimated in their projections

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8A big pipeline laying opportunity is ahead

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This CGD company says that it will have an incremental gas demand for 3 mmsmd.
8So gas suppliers must get in touch with it

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8Project Name: Bengaluru Rural and Urban Districts City Gas Distribution
8Project Cost: Rs 250 crore

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Jamshedpur - East Singhbhum District City Gas Distribution.
8Project Cost: Rs 300 crore

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Do you want to be a door-to-door seller of diesel
8Here is an opportunity

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Feb 11, 2022: New bureaucrat in DOF

8A powerful new bureaucrat has been appointed in the DOF

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8An NPK/ NPS supply tender is out

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On February 11, 2022, trading sources reported a fall in acetonitrile prices in the Ahmedabad chemical market.

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8New tender out for DAP imports

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Styrene Monomer prices have climbed higher in Chennai.

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PLL has extracted a high cost on its offtakers through its "use of pay" charges during the pandemic
8Such charges multiplied six times, after offtakers couldn't lift their committed quantities of gas
But offtakers are unwilling to pay these charges

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Ammonia-Urea Brownfield Project
8Cost: 6000 Crore
8Project Event: 95 % of construction work has been completed, the installation of equipment is ongoing. Procurement of machinery orders are already completed, procurement of other services is ongoing, also pre-commissioning is ongoing, Commercial production is likely to be started from June 2022 in place of March 2022.

Sulphuric acid Plant Greenfield Project
8Cost:  100 Crore
8Project Event: The procurement work is ongoing, company has invited Expression of Interest from LSTK contractors and based on their response, techno-commercial offers will be invited. Tendering process is still ongoing. It is likely to be finalized in Q1 FY 2022

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Feb 11, 2022: Daily import matrices

Get the daily updates for
8Chemicals
8
Crude
8LNG
8LPG
8Ammonia
8All tankers
8Bulk and dry cargoes
8Port updates

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8India aims to increase its domestic coal production to 1.2 billion mt by 2023-24 to reduce imports and bridge the demand-supply gap, according to a coal ministry statement Feb. 9, a near 75% rise from what the country produces currently.

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8The Hydrocarbon business of Larsen & Toubro (L&T), has secured two offshore projects from a prestigious overseas client.

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8OPEC said on Thursday world oil demand might rise even more steeply this year as the global economy posts a strong recovery from the pandemic, a development that would underpin prices already at a seven-year high.

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On February 11, 2022, a significant fall in pure polyester yarn (T40S) prices was registered in Mumbai.

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