News & Bulletin Updates

New benzene prices have been announced at Vizag

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Prices for DEG have been increased at Hazira

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A fall in PBT moulding prices has been noticed in major domestic hubs.

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8Get a complete roundup of chemical price movement today, across all products and all markets
8Find out which prices have changed

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8Our analysts have formulated an in-depth price outlook of the Indian chemical market
8Get today's complete chemical price matrix here

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8A new facility manufacturing Phenol Formaldehyde Resin, Urea Formaldehyde Resin and Melamine Formaldehyde Resin is coming up
8This unit is coming up in Gujarat 

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8The cost of developing new products is increasing due to many national and international laws imposed on the global chemical industry
8Get into a discussion on what the position is with respect Brazil
8Get into a discussion

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Jul 22, 2021: EXIM data for April

We are carrying here the full export and import performance of chemicals for the month of April for
8Dyes
8Dyes intermediates
8Inorganic chemicals
8Organic chemicals
8Agrochemcials
8Cosmetic and toiletries
8Essential oils
8Castor oil

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8Indian Oil Corporation has drawn up a number of projects involving green hydrogen and fuel cells
8It will also use renewable energy through the grid to power its refineries as far is possible

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ExxonMobile is one of the world's largest oil & gas super majors
8It sells about 5 million barrels per day of petroleum products, through a global network of more than 20,000 retail stations and commercial channels
8ExxonMobil leverages proprietary, industry-leading technology to produce high-value performance products. They are differentiated due to their enhanced properties and the significant value they bring to our customers and end-users
8Find out more about ExxonMobil here

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8DCM Shriram plans to spend Rs 145 crore in fresh ethanol capacity
8Total output will be 320 KLPD

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After setting up exclusive email IDs to handle procurement-related issues that vendors may face, and an open-minded vendors conference attended by the company's top brass, ONGC is taking yet another step to revamp its purchase processes.
8Best practices for hiring of  rigs, helicopters, offshore vessels as well as forthcoming EPC and LSTK contracts are being looked into, and these are likely to be incorporated in forthcoming tenders
Find out what is the next step the company is taking

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8A lot of LNG cargoes that India could not take due to COVID lockdowns or high prices have got diverted out
8And because of strong Asian LNG demand for summer and tight supply, the LNG got absorbed elsewhere without creating much of a problem

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ONGC promised that RFQs will come out for as many as four offshore projects before the current financial year is out.
The projects promised are
8Daman upside development project with 4 wellhead platforms and 1 process platform
8The 5th phase of the NBP field development project
8Cluster 9 marginal field development project
8Ratna process platform project (bridge connected to existing R-12 A platform)
But industry watchers are cynical about how many of them will actually hit the ground. After speaking to a cross-section of people, the website has arrived at a new shortlist

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8Why is ONGC stuck over its tender for two workover rigs in Mumbai High?
8When are the tenders going to open?

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8In this industrial cluster with a huge consumption of gas, the gas pipeline supplier has eliminated all possible competition from alternative fuel sources
8Much to the the discomfiture of the buyers

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ONGC's ambitious 33-well onland programme in the North East is likely to take off soon
8The wells are spread over 5 PMLs in an area of 570 sq kms
8The project cost is nearly Rs 2000 crore

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8Six early production systems are coming up along with attendant facilities
8The operator is GSPC

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8Goldman Sachs on Tuesday reduced its forecast for Brent crude oil to $75 a barrel for the third quarter, $5 lower than its previous estimate, as a surge in Delta variant COVID-19 cases takes a toll on demand.

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8Get the state-wise city compost sales made by marketing companies

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8The government's much-touted agro-waste to compost production scheme did not really take off
Find out more

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8To what extent is the fertilizer industry dependent on China?
8Know more

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8The government is playing a vital role to support IFFCO in it's efforts to encourage the production of nano fertilizers in the country

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The average LNG price for June is significantly higher than that of for the same month last year
8Higher prices meant lesser imports as well, again showing that India is a highly price-sensitive market, where the price elasticity is high

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8State-owned IOC, GAIL and ONGC may buy shares of Petronet LNG and Indraprastha Gas in the eventuality of an open offer getting triggered, post privatisation of Bharat Petroleum Corporation Ltd (BPCL), sources said.

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