News & Bulletin Updates

On July 14, 2021, the Kandla market witnessed a fall in NBA prices.

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DEG prices have been revised at Hazira.

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8JBF Petrochemicals Ltd was one of the big players in the polyester industry
8Today, a consortium of lenders led by IDBI Bank has invited bids by the end of this month to sell the foreign currency debt of JBF Petrochemicals worth $463.38 million (Rs 3,455.43 crore)

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The Export Data Processing and Monitoring System (EDPMS) is an online software introduced by the RBI in 2014 for monitoring all export activities in India.
8With this system all banks have come on single platform thus bringing uniformity in modus operandi on exports related transactions of exporters in India
8Under the system, the banks download the shipping bills forms issued by export agencies such as customs, special economic zones (SEZ) and Software Technology Parks of India (STPIs), bill of entry issued by ports
8This system has simplified the procedure for filing returns on a single platform for better monitoring
8But like with all systems, there are issues involved

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MACBETH (Membranes And Catalysts Beyond Economic and Technological Hurdles), the largest EU-funded research project coordinated by Evonik, has reached its first milestone after 18 months in operation.
8The EU Commission has evaluated the project for the first time - with positive results.
The goal of MACBETH is to develop technologies that make important large-scale reactions, such as hydroformylation, significantly more energy efficient. The supervisors believe that the partners involved are on the right track.
8In hydroformylation, unsaturated hydrocarbons, so-called olefins, are converted to aldehydes using synthesis gas, a mixture of hydrogen and carbon monoxide. For the Performance Intermediates business line, aldehydes are intermediates on the way to higher alcohols, organic acids or esters, which are then used, for example, as plasticizers in plastics or as surfactants.

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Jul 13, 2021: Market outlook ahead

Get the market outlook ahead for
8Ethylene
8PTA
8Isomer-MX
8MTBE
8Toluene

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8India’s petrochemical demand should be able to return to pre-pandemic levels in the current fiscal year ending March 2022
8This was stated by India’s Chemicals and Petrochemicals Manufacturers’ Association representative, citing moderate impact of the previous year’s sharp economic slowdown to the sector

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8Get the total lineup of tankers (for all chemical products) that are to unload in Indian ports
8From caustic soda to acetic acid to naphtha and more, get all the data here

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8Get the daily dry bulk line up report for all imports
8Portwise data is given here

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After a long hiatus, we are recording a shipment scheduled for Mundra LNG terminal
8The cargo is coming from Point Fortin and slated to be offloaded on 20th of July
8The cargo load is 160000 cubic metres

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8About 4.94 MMT of crude is lining up for delivery to Indian ports

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What is the crew change status in different Indian ports?
8What kind of quarantine is sought?
8What is the current lockdown status?
8What are the vessel operations norms under COVID?

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A 10,0000-tonne phosphoric acid cargo is coming in for Indorama on July 18.
8The loading port is Safi
8Yet another 20,000 tonne cargo is coming in from Dakar for Indorama
8Iffco is getting in a 20,000 tonne cargo of sulphuric acid from Hibiki-Nada
8Meanwhile, Coromandel brought in a 18,000-tonne cargo sulphuric acid at Vizag
8A 19,310 tonne cargo of phosphoric acid is berthing at Kakinada on the 14th for Coromandel, and it is coming in from Skhira

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8A shipment of methylene chloride is arriving at Vizag
8Tomorrow is the arrival date

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8Huge CBFS shipment has unloaded at Sikka
820000 tonne is the cargo strength
8Find out who had brought it in

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8Celanese PTE is shipping in a chemial cargo on behalf of a client
8Find out who the client is

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8Dorf Ketal Chemicals is importing a chemical cargo
8The date of arrival is July 17

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8A joint cargo of EDC and methanol is berthing at Kandla
8Around 13000 tonnes is the cargo weight

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8An ethane cargo is coming in for RIL on July 19
8The 46000 tonne cargo is coming in from Houston

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8An acetic acid shipment is up ahead
8The loading port is Singapore

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8A big molasses cargo is coming in
8Find out the cargo weight

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81000 tonees of LAB to land at Mundra
8Find out who the importer is

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Ammonia-Urea Brownfield Project
8Cost - Rs 6000 crore
8Project Event: 90 % of construction work has been completed, the installation of equipment is ongoing. procurement of machinery orders are already completed, procurement of other services is ongoing, commissioning is likely to be in Dec 2021. Earlier the commissioning date was October.
However this date may slip, according to our own estimation.

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What is the latest on Haldia Petrochemical's greenfield petrochemical plans?
8The plans involve a 1.8 MMTPA naphtha cracker and a concomitant 1.3 MMTPA HDPE plant as well as a 100,000 TPA PP unit coupled with a 1.2 MMTPA MEG unit
Find out more

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Ammonia Storage Tank Greenfield Project
8Cost - Rs 200 crore
8Project Event: A single bidder has emerged for the 1000 MT double-wall storage tank along with assorted facilities on LSTK basis

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