Imported polyurethane prices in the Mumbai polymer market were quoted higher today

A sharp fall in Polyamide 6 (M28RC) prices was noted today in the domestic market of Delhi.

Prices for cyclohexanone have been reduced at Hazira.

Weak buying sentiments have led to low ABS (MIF45) prices in Mumbai

2EHA prices in the Kandla market have registered a fall today.

On August 10, 2021 Petrochem sources reported a fall in imported ABS (HI121H) IM prices in the Mumbai polymer market

Ethyl acetate prices have been announced at Ex-Satyam.

Tight supply coupled with high demand has raised MIBK prices in the Mumbai market. 

8PLL is bringing in a cargo at Cochin on August 10
8IOCL, after a long hiatus, has scheduled a cargo at Ennore on August 21

1.6 million MT of crude offloaded across India in the three days
8A 77k MT shipment for RIL of unloaded at Sikka on 9th August
8Another RIL shipment of 260k MT was also unlaid at Sikka on the 7th
8IOCL’s 265k MT cargo was unburdened at Vadinar on the 7th
8Nayara Energy’s 151k MT consignment was offloaded at Vaidnar on the 9th.
8A shipment of 86k MT arrived at Mumbai and was received by BPCL on the 8th
8Mangalore Refinery received a 91k MT consignment at their New Mangalore port on the 9th
8BPCL’s 263k MT cargo is unloading at Cochin on today
8IOCL’s 282k MT shipment was unlaid at Paradip on the 7th of August

Large quantities of LPG coming in for IOCL
8201k MT of LPG is expected to be received by IOCL in the coming week
The shipments are coming in from:
8Ras Tanura
8Yanbu
8Ras Laffan
8Saudi Arabia

8State-owned ONGC, which is often perceived as a drag on the crude oil and natural gas produced in the country, has actually seen its share in India’s oil and gas production rise over the last three years.

8Oil Marketing Companies (OMCs) left petrol and diesel rates unchanged, even though international crude oil prices saw a decline.

8Customers of Indian Oil Corporation Limited’s (IOCL) LPG vertical, Indane, are just a missed call away from booking an LPG gas cylinder or from applying for a new gas connection.

8Climate change is increasingly becoming one of the most dominant areas of concern globally. With a growing shift towards embracing deep decarbonization, various countries are considering different energy options and transition pathways in moving towards low and zero-carbon economies.

8Saudi Aramco is scouting for other potential deals to offer to investors and unlock capital, Chief Executive Amin Nasser said on Monday after the oil giant in June closed a $12.4 billion deal for its crude pipeline network.

8Oil prices rose on Tuesday, edging up from a three-week low in the previous session, but gains are likely to be limited on worries that rising COVID-19 cases and restrictions in China will dent fuel demand.

8India's fuel demand rose 7.9 percent in July compared with the same month last year.

Phosphoric Acid Expansion Project
8Cost - Rs 1100 crore
8Project Event: The procurement work is ongoing. Construction has started in February 2020 but post COVID work is back in full swing. Labour and other services are available as per requirement. 73 % of civil work has been completed, the erection of different equipment is ongoing. Jacob as the EPCM contractor, The commissioning has now been extended from October 2021 to December 2021.
Ammonia/Nitric Acid/SOP Greenfield Project
8Cost - Rs 200 crore
8Project Event: The proposal for the term of reference has been granted, and the final EIA report preparation is still ongoing, the proposal for environmental clearance is likely to be submitted at the end of September 2021. RFQ for the local contractor is likely to be released in Q3FY2021.

The entire fertilizer industry in China, including as many as five industry associations, rallied around to stop exports and raise domestic production.
8This will have global spinoffs
8Find out what really the Chinese worked out

8A new director finance has been selected in a large fertilizer company

8Canadian fertiliser company Nutrien and Belgian Exmar have signed an agreement to develop a low-carbon, ammonia-fueled vessel
8Know more

8The Indian fertilizer sector has made continuous efforts to reduce specific energy consumption
8Find out to know more about the measures adopted in the recent past to improve the energy efficiency in ammonia and urea plants

8There is a tender out for supply of natural gas

8India plans to force refineries and fertilizer plants to use some green hydrogen, junior oil minister Rameswar Teli said on Monday, as Asia’s third-largest economy strives to reduce carbon emissions.