News & Bulletin Updates

8We are carrying here a weekly benzyl alcohol market report
8Find out what kind of prices are projected going ahead

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

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Dec 21, 2021: Daily import matrices

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8Chemicals
8Crude
8LNG
8LPG
8Ammonia
8All tankers
8Bulk and dry cargoes
8Port updates

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8Shares of Indian Oil Corporation Ltd. rose 2.48 per cent to Rs 110.1 in Monday's trade. It hit an intraday high of Rs 112.4 and low of Rs 109.85, respectively, during the day.

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8India's market regulator ordered a year-long suspension of futures trading in key farm commodities on Monday, as the world's biggest importer of vegetable oils, and a major producer of wheat and rice, struggles to tame food inflation.

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8The International Energy Agency has called on China and India to reduce coal power generation and put their climate pledges into action, describing both countries as “holding the key to future coal demand”.

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8Kuwait has extended oil supply contracts for Indian refiners by three months to March 2022 due to a delay in the commissioning of its 615,000 barrel-per-day Al-Zour refinery, according to people with knowledge of the matter.

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8Government has identified core assets of major public sector undertakings (PSUs) like National Highway Authority of India (NHAI), Airports Authority of India (AAI), National Thermal Power Corporation (NTPC), Indian Oil Corporation (IOC), GAIL, Hindustan Petroleum Corporation Limited (HPCL) and many others for monetisation under its National Monetisation Pipeline (NMP) between 2022-2025.

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8Asia crude oil futures are set to remain under pressure during the week of Dec. 20-24 as countries worldwide consider fresh restrictions in response to rising COVID-19 cases.

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8India's bitumen consumption rose by 2.2pc on the year in 2021 and stood above pre-pandemic levels.

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Energy Saving-cum- Ammonia-Urea Expansion Project 
8Cost: 540 Cr.
8Project Event: Critical equipment purchase has been completed, all equipment have been reached the site, 60 % of construction work has been completed, the installation of long-lead items is ongoing. The project is likely to be commissioned in June 2022.
NPK Plant Greenfield Project
8Cost: 915 Cr.
8Project Event: The proposal has been accepted by DOF, RFQ for the environmental consultant is likely to be released in January 2022

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ONGC is preparing to drill in the Kangra-Mandi PEL Block
8It is a pioneer block
8Find out what the plan is

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8The Kakinada-Vizag-Srikakulam natural gas pipeline commissioning deadline has changed

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This is a Rs 456 crore POL terminal
8Get an update on this project

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The cost of the Numaligarh bio-ethanol project has almost doubled from the DFR stage.
8And the IRR is stretched and pegged at 11%, just above the hurdle rate. It is known as company officials are tightlipped whether this hurdle rate is after taking into account the various incentives handed out to the North East
8It is an untested technology, and this is the first fully scaled up model and NRL and India is the petri dish for this technology
8If the IRR falls below double digit, who should be held responsible? A lot of things go on in the name of investing in the North East, and some decisions need to be called out

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A one para change in a letter of authorization that the PNGRB did not issue cost this company at least Rs 500 crore.
8That is the level of unaccountability in the system
8Will someone  pay for it?
8Will there be an investigation?
8The opacity in the system lends itself to the charge that unaccountability is the order of the day in supposedly transparent bodies such as the PNGRB

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There is this Dahej-Koyali refinery greenfield natural gas pipeline project
8Jaihind Project Limited was hired by Indian Oil Corporation Limited (IOCL) as PMC contractor
8Find out what the progress has been

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8According to the Union Minister of Coal, Mines Shri Pralhad Joshi, In 2016, with a view to enhance the food security of the nation, CIL Board accorded its approval for the formation of a joint venture company with NTPC, IOCL, FCIL, and HFCL, a Hindustan Urvarak & Rasayan Limited (HURL) for the revival of three defunct fertilizer plants of FCIL and HFCL.

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Epoxy resin prices were quoted higher in the Mumbai market today.

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An increase in acrylic acid prices was noted in the Mumbai market today.

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On December 21, 2021, trading sources reported a fall in Polymeric MDI prices in the Mumbai chemical market.

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Prices for dichloroethane have dropped in Mumbai.

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Petrochem sources in Ahmedabad have reported a rise in trichloromethane prices.

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DOA prices are down in the Ahmedabad domestic market today.

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On December 21, 2021, benzyl alcohol prices were quoted higher in the Ahmedabad market today.

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