An elevated trend is noticed in VAM prices these days.

We are proud to put together an extensive looking ahead import database for energy products
So what we have for today are import matrices for
8Chemicals
8LNG
8Crude
8Fertilizers
8Ammonia
8LPG
8All tankers
8All bulk and dry cargoes
8Port updates

A revision in PET resin prices has been announced by Chiripal.

Find out more on what kind of changes RIL has made to its price list.

PET resin prices have been raised by JBF Industries Ltd.

The fiscal support given to the economy as well as to the health response caused the fiscal deficit and government debt to rise in 2020-21.
8However, a strong rebound in government revenues in 2021-22 has meant that the Government will comfortably meet its targets for the year while maintaining the support, and ramping up capital expenditure
8The strong revival in revenues (revenue receipts were up over 67 per cent YoY in April-November 2021) means that the Government has fiscal space to provide additional support if necessary
8This is good news for all segments, as well as for the chemical and petrochemical sector, which according to data in the Survey shows a slow down in Q3 2021
8This is what the Economic Survey, 2022 has to say

8The budget will be out tomorrow
8Get to know from people you can trust on what the budget will hold for the chemical sector

82021 has been a difficult year for some reasonable sized chemical players in India
Input costs would continue to increase in Q4FY22 and feedstock and logistics costs will also remain high
8Prices will be hiked to pass on inputs cost rise (international players are also implementing price hikes)
8However, a rise in indirect costs in the form of energy/logistic would not be fully passed on to end customers and thus margin in percentage terms would see improvement when inflationary pressure recedes

8This Indian company expects to launch new high-performance pigments
8Most of the products would be replacing European products

8Here is a monthly summary that is sent to all members of the cabinet from the ministry of chemicals and petrohemicals

8America’s largest plastic recycler will use Honeywell's Advanced Plastics Recycling Technology

8The company expects global polyethylene demand to stay strong in 2022 after record net sales 

8ABB and Coolbrook collaborate to reduce emissions in petrochemical market

8Solvay launches new recycled-based high-performance polyamide for consumer appliances

8Here is a detailed latest month-wise data on production of chemical and petrochemical products

India- US Trade Policy Forum (TPF) Ministerial meeting was held on 23 November 2021 and both sides discussed outstanding trade issues and a joint statement was issued envisaging a way forward,
8As per the joint statement, both sides agreed that the TPF should seek to continually deliver concrete outcomes to generate mutual confidence
8In this connection, now, the TPF Working Groups on Trade in Goods, Trade in Agriculture, Services, Intellectual Property and Investment are to develop, by March 2022, plans of action for making substantive progress on outstanding bilateral trade issues
8You can get involved in the process

8Here is a synthetic rubber manufacturer which has reached historical highs in terms of all its financial performance parameters in Q3-FY22

The Chinese oil supermajors are on a different plane entirely.
8They are bigger than BP and Exxon Mobil and ONGC and even RIL will pale in comparison to their size
8Sinopec is one such company
8And size also equals profits it seems, the company has posted a profit that is bigger by 1.2 times in 2021 compared to the previous year

8TotalEnergies has tied up with Berry Global Group Inc, to make food packaging more circular
8Find out how they are going to do so

8Get rubber prices in Singapore here

The bids have been opened for one segment of the Indian sponsored refinery at Mongolia.
8The way they have been priced, it is unlikely that the refinery will ever come up

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

8GACL is setting up this Rs 1100 crore phosphoric acid expansion project
 Commissioning has been delayed by a few months
NPK Fertilizer Greenfield Project
8Cost: 400 Crore
8Project Event: The project is still on hold due to the impact of Covid, It is likely to be activated in Q1 FY 2022-2023.

8Here is an announcement of a Rs 1170 crore technical ammonia project

8Here is a month-wise comparison of DAP prices of 2021 over 2020
8There is a huge differential in these prices