News & Bulletin Updates

8The website carries here our weekly outlook for concentrated nitric acid
8Find out how prices are going to behave ahead

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Market sources reported an increase in cyclohexanone prices at Hazira today.

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Jan 20, 2022: NPAC weekly synopsis

8Find out our weekly analysis, price charts and projections on NPAC price movements for the coming week

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

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8We are carrying here a weekly fatty alcohol C16-18 market report
8Find out what kind of prices are projected going ahead

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Robust demand has raised propionic alcohol prices at Kandla.

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Get today's cotton prices here
8China Cotton Index : 19-01-2022: 22578 Yuan (Changed: -13)
8Karachi Cotton Association Spot Rate: 19-01-2022: Pak 19280 (37.324Kg) (Changed : +100)
8MCX - Cotton Future : 19-01-2022: Mar : 2022 : Rs. 37340 (Changed: +560)
8NYBOT- Cotton Future: 19-01-2022: Mar: 2022 : $ 123.95 (Changed : +2.87)

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 India's domestic gas production profiles say a lot about how the gas pricing regime has stymied the entire system.
8In nomination blocks that are under the aegis, particularly of ONGC, where prices are pegged very low, production has been declining, with output well below that of last year
8On the other hand, private sector or joint venture output, where pricing is capped but at a much higher level than that of nomination blocks, the output growth is twice that of last year
8Ideally, if prices are allowed to be discovered through the market mechanism, as is now allowed through IGX (allowed for up to 10% of the gas output), then prices elicited for domestic output would be way higher, and this in turn would have an impact on gas production
8But the pricing regime is constrained by so many other considerations that India will never be able to get to the free pricing regime anytime soon
8Our dependency on imported gas will continue to rise, and since LNG is likely to stay expensive in the foreseeable future, India's often repeated transition to a gas economy is unlikely to happen

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Jan 20, 2022: Daily import matrices

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

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8These wells are in Rudrasagar, Geleki, Lakwa, Namti, Mekeypore-Santak-Nazira PML areas

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8ONGC has a block in the Bengal Purnea Basin
RFQs are ahead

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Effluent Treatment Plant Up-gradation Project
8Cost: 101 Cr.
8Project Event: All the procurement work has been completed and all the long lead items have reached  the site. Ion-exchange India Ltd is the LSTK contractor. The construction is likely to be started at the end of Feb 2022 in place of December 2021, due to Covid.
Sulphuric Acid Greenfield Project
8Cost: 50 Cr.
8Project Event: The review is still ongoing in the MoEF, clearance is likely to be elicited in February 2022, RFQ for the local contractor as well as equipment supplier is likely to be released in March 2022

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Arecelor Mittal Nippon Steel Ltd has come to the rescue of Shell's Hazira terminal
8One cargo is coming in after a long period of dry run in this 5 MMTPA terminal
The cargo's origination is Ras Lafan

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Jan 20, 2022: Daily import prices

8Two Rock Phosphate Shipments are coming up on 22nd January and 26th January 2022
8One Sulphuric Acid Shipment is reaching on 25th January 2022
8One Urea Shipment is coming up on 25th January 2022

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8A big fertilizer company has announced vacancies for qualified, dynamic and result-oriented experienced professionals for the post of Advisor and Senior Consultant in marketing division
8The last date for applying is 10th of February 2022

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Jan 20, 2022: International news

8Stamicarbon has been awarded a licensing and equipment supply contract for two urea plants
8Know more

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8Reliance Ventures, a 100% subsidiary of Reliance Industries Limited (RIL), has sanctioned a ?750-crore loan facility to Sterling & Wilson Private Ltd, an unlisted Shapoorji Pallonji group company that undertakes contracts to construct data centres and solar parks, according to documents available with the registrar of companies.

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8In November, when MEPs had just finished their lunch, the EU's climate chief Frans Timmermans roused them out of their midday slump with a speech on hydrogen.

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8Refinery closures outweighed new capacity in 2021, leading to a drop in global capacity for the first time in 30 years, the International Energy Agency said in its latest monthly report Jan. 19.

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8Refiners in Asia are less likely to seek arbitrage crude from the West amid a widening Brent-Dubai spread, which in turn is expected to boost demand for Middle East crude grades as spot trade for March-loading crude kicks off, sources told S&P Global Platts Jan. 19.

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8India's production of crude oil, which is refined to produce petrol and diesel, continued to decline in December 2021, with lower output from state-owned ONGC leading to a near 2 per cent drop, official data showed on Wednesday.

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A fall in polymeric di prices was noted in the Delhi market today.

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PVA gh17r prices have registered a fall in Mumbai.

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Petrochem sources have reported a fall in isophthalic acid prices in the Mumbai chemical market.

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Recycled PP injection moulding natural colour (polythene scrap) prices were reported to be steady in Mumbai due to stable demand patterns in the region.

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