8The price witnessed a movement, find out by how much

8Here is the analysis

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8The price was far below internal estimate
8What really happened?

With the merit order pushing gas to the bottom, plants operate only during ancillary calls.
8A new operating model has emerged — one where gas plants stay alive not because they run, but because they stand ready.
8India now uses gas for response, not routine.

8Whether this offshore pilot becomes the template remains to be seen

8Find out what it will entail

8ONGC’s three-year intelligent pigging tender has quietly narrowed the field to a handful of high-end companies

Iffco, Coromandel, PPL and Wilson are all in the market for December-loading sulphur cargoes.
8But sellers are pushing premiums that weren’t on the table a week ago.
8Buyers want volumes—but at prices the market is no longer offering.
8Lower offers from non-mainstream origins briefly sparked interest.
8But paperwork hurdles and slow voyages are killing conversion. 

8Find out why this argument is being made
And who is making it

India cannot look to "cheap US gas forever".
8That world is changing. And very rapidly
8The global LNG game is switching rapidly.
8FLNG for example is the new supply source
8Something strange is going on in the Middle East
8And only agile players will make the grade out of India 

8SAN slipped Rs 1/kg this week but remains close to where it stood a month ago. Price behaviour has been quiet, and the grade is broadly aligned with its six-month average.

8PC added Rs 3/kg over the past fortnight and is now higher than its level three months ago. Gains have come through gradually, with the product firming in small increments.

8PET is unchanged this week and sits slightly below its level from a month ago. The grade is broadly aligned with its three-month average, showing limited movement despite intermittent day-to-day fluctuations

8Hydrochloric Acid tanker-load prices in Mumbai are down roughly Rs 1/kg from early November after a sequence of small weekly declines. Even with this easing, the product remains about Rs 2/kg above mid-year levels and around Rs 1.5/kg higher than a year ago.

8Acetonitrile in Mumbai has slipped about Rs 10/kg this week, giving back the late-November spike. Even after this retreat, prices remain roughly Rs 5/kg above quarter- and year-ago levels in the domestic market.

8Melamine in the Ahmedabad domestic market has eased by about Rs 5/kg compared with early November, with the latest close near the lower end of recent prints. Over six months the product is roughly Rs 2/kg softer and stands around Rs 14/kg below last year’s level.

8Trimethylolpropane (TMP) imported into Ahmedabad has been unchanged over the last fortnight after inching up about Rs 3/kg from early November. The product remains slightly below year-ago levels, leaving India prices in a broadly sideways pattern on a longer view.

8Formic Acid imported into Mumbai has held flat this week, matching its levels from the past fortnight and month. The contract is now about Rs 5/kg lower than around the same time last year, with only modest differences versus mid-year benchmarks.

8Trioctyl Trimellitate (TOTM) in Mumbai has fallen roughly Rs 46/kg over the past three months, with declines visible at almost every checkpoint. The drop is even more pronounced on a six-month and year-on-year snapshot, underscoring a persistent softening in India prices.

8Dioctyl Adipate (DOA) in Ahmedabad has added about Rs 3/kg over the past month, with most of that uptick coming through late November. The contract is still trading well below mid-year and last year’s values, even as it leans towards the upper end of the recent domestic range.

8Triethylene Glycol (TEG) in the Ahmedabad domestic market was unchanged on the week, with rupee movements effectively flat versus late November. Over a six-month horizon the contract is still about Rs 23/kg higher, and roughly Rs 34/kg above levels seen around the same time last year.

8Refrigerant R22 has jumped Rs 30/kg this week and stands about Rs 45/kg higher than a month ago. The latest move represents a clear shift from the quieter pattern seen earlier in the season.

8Polyurethane Resin for Sole is broadly flat against three months ago, even though it is about Rs 9/kg lower on a month view. The recent easing leaves prices parked near the softer part of this year’s curve.

8PTMEG has gained about Rs 3/kg over the past fortnight. Weekly movements remain modest, pointing to a slow, sideways tone rather than an aggressive shift in domestic positioning.

8Polymeric MDI MR200 is trading roughly Rs 13/kg below last year’s level. Domestic prices have been easing back from the stronger numbers seen earlier in 2025