News & Bulletin Updates

A fall in demand has raised NBA prices at Hazira

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

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IPA prices were assessed lower in the Kandla market

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Imported POM (F30-03) prices in the Delhi polymer market were quoted higher

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Mumbai polymer market recorded a rise in imported acrylic prices today

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On September 20, 2021 imported POM prices moved higher in the Ahmedabad polymer market

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Robust demand has lifted ABS (MIF45) prices in the Delhi polymer market

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Prices for imported acrylic fell today in the domestic market of Delhi

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Key topics discussed:
8Latest developments for the enhanced performance of plastic gears
8Status and future of standardised plastic gear strength calculation
8High performance plastic gear applications
8Potential of composite gears with fiber reinforcement
8Lubrication and tribology of plastic gears

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8Solvay announced today the installation completion of its new thermoplastic composites (TPC) manufacturing facility

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8Bhagwanth Khuba, Union Minister of State for Chemicals & Fertilizers and New & Renewable Energy discussed various key issues regarding feedstock availability, judicious use of pesticides, and achieving self-reliance in the petrochemical industry during an interaction with industry delegation led by FICCI
8Leading players of the chemical, petrochemical and crop protection industry also shared their views on key issues of the sector

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8She succeeds Raman Ojha, who has moved on to take over as Vice President - Global Head (Construction & Roads)

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8Nine months since the first COVID-19 mass vaccination program began, only 1.4 percent of people in low-income countries have received at least one dose
8The problem is not just of procurement but also of distribution and the lack of strong cold-chain infrastructure in some parts of the world
8Solving these problems is the only way to get from where we are now to the post-COVID-19 era

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8China has issued a five-year plan for controlling plastic pollution, aiming to tackle by 2025 the "white pollution" resulting from over-packaging and overuse of plastic products
8Implementation of the plan is likely to reduce overall demand for polymers, affecting some downstream sectors of polyethylene (PE) in the long term

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If H-Energy were to sell the Jaigarh terminal, what could be the possible asking price?
8Clearly, the terminal will go with the attendant 60 km pipeline to the GAIL interconnection point
8Also, if others are going to buy the terminal, what kind of timing can be anticipated for such a deal?

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8A winner has emerged for the Cude Oil Tankage (COT) tender of Barmer refinery
8Find out who it is

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Here is a gas auction coming up
8The only problem is that it is a remote location
8And gas will be sold only at the production field

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8Higher prices were elicited in the recent short-term contract for four 80 T AHTS vessel requirement by ONGC.
8But there was wide variation in the quotes, between L-1 and the L-4. Question is there were four bidders for four vessels, will the others match the L-1 rates
8Also, it was noticed that those who did not want to lower their rates for long-term hire have quoted higher in this tender, thereby furthering the notion that below a price, owners are not willing to lend their vessels at low prices, and would rather risk looking for other assignments

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8There seems to be damning collusion of ONGC officers in an explosion in Kalol
8And even as an FIR has been lodged, a bunch of  11 other officers were exonerated after being accused of being in a scam six years ago

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Sep 17, 2021: Daily import matrices

Get the daily updates for
8Chemicals
8Crude
8LNG
8LPG
8Ammonia
8All tankers
8Bulk and dry cargoes
8Port updates

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8ICICI Securities has buy call on GAIL (India) with a target price of Rs 207. The current market price of GAIL (India) Ltd. is Rs 156.6. Time period given by analyst is one year when GAIL (India) Ltd. price can reach defined target.

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8The energy crunch in Europe is sparking panic among Asian fuel buyers, causing importers from Japan to India to pay a hefty price for supplies.

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8At least 19 workers were injured on Thursday in a blast in the refinery of Indian Oil Corporation Limited (IOCL) at Barauni in Bihar, officials said.

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8Oil prices barely moved on Friday even as more supply came back online in the U.S. Gulf of Mexico following two hurricanes, with benchmark contracts on track to post weekly gains of around 4% as the output recovery is seen lagging demand.

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8Gas prices have gone so high, that this global major had to shut down 40% of its ammonia production

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