News & Bulletin Updates

On March 29, 2022 zinc ingot (99.7%) prices were reported to be unchanged for Mumbai.

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Low butyl acetate prices were reported today at Hazira. 

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Octanol prices have been revised at Hazira.

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On March 29, 2022, Acrylonitrile prices were pushed higher in the Mumbai market. 

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MMA prices were assessed lower in the Mumbai market.

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MEG prices were quoted higher in the Mumbai port today. 

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DEG prices have been revised at Hazira.

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

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Acetone prices moved higher today in the Mumbai chemical market.

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8Get here the cotton prices for today

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8The Kerala HC has issued an interim order, restraining five trade unions of disinvestment-bound from taking part in a nationwide strike on March 28 and 29 called by a joint forum of trade unions
8This is quite an interesting development

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8There are some eyebrow raising changes managerial changes in Focus Energy
8The company is the operator of  of the producing block RJ-ON/6

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8A director's slot is coming up for filling in an oil & gas company

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8ONGC wants gas trading to be revamped, and made more broadbased

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There is a big jack-up rig tender coming up
8What kind of a response can be expected?

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8Project Name: Panipat District City Gas Distribution
8Project Cost: Rs 300 crore

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8Project Name: Chandigarh District City Gas Distribution
8Project Cost: Rs 300 crore

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Mar 28, 2022: Reshuffle in GAIL

8There has been a top level reshuffle in GAIL

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Nano Fertilizers is the flavour of the season
8Earlier IFFCO was taking the lead, but now more companies have jumped into the fray
Water Soluble Fertilizer Greenfield Project
8Cost:  200 Crore
8Project Event: RFQ for the preparation of the Techno Economical Feasibility Report (TEFR) has been out, and finalization is still due. RFQ for the LSTK contractor is likely to be released in Q1 FY 2022-2023

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The gas market is agog with all kinds of news, some confirmed and some yet to be unconfirmed
Here is an update:
8What kind of quantity restrictions are being imposed by gas suppliers
8Which company cornered the bulk of the gas that was sold by RIL and at what price
8Also, find out more on why GAIL reduced the quantity of gas sold to 80 per cent of DCQ on March 4 and what happened subsequently?
8Did GAIL sell gas out of Henry Hub to the European market?
8Meanwhile, the LNG lobby in the US is using the war as an opportunity to push for quick regulatory approvals for fresh LNG capacity

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8A requirement for Molten Sulphur is coming up
8The bid due date of this tender is 4th of April 2022

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8India's largest gas utility GAIL (India) Ltd continues to pay for the LNG it imports from Russia's Gazprom in US dollars and will seek exchange rate neutrality in case payments are sought in any other currency such as Euro, two sources said.

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8Crude oil futures on Friday dropped by 1.06 per cent to Rs 8,574 per barrel as participants trimmed their positions on low demand.

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8Gas industry expert Sanjay Kumar on Friday took over as the new managing director of Indraprastha Gas Ltd - India's largest CNG distribution company.

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8Two officials of the Indian Oil Corporation Ltd (IOCL) arrested on graft charges in Maharashtra's Nagpur and Gondia districts were remanded to CBI custody on Saturday, an official said.

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