On February 2, 2022, the Kandla port witnessed a fall in BAM prices. 

8The government is taking the first steps to making non-oil based products. Four pilot projects for coal gasification and conversion of coal into chemicals required for the industry will be set-up to evolve technical and financial viability. This is what the Union finance minister said today
8There are also customs duty modifications done on chemicals, fibers, silk and assorted products

Get the market outlook here for the Asian markets for
8Naptha
8Methanol
8Styrene Monomer
8Isomer-MX
8Toluene

MRPL reported a higher than estimated EBITDA and PAT.
8Refining throughput was in line with our estimate at 4.4mmt (+42% YoY), implying a utilization rate of 117%. Fuel & loss and energy consumption stood at one of the lowest in the quarter
8But doubts remain about the long run

8Singapore last week joined the Pacific Alliance to form the Pacific Alliance-Singapore Free Trade Agreement (PASFTA), to strengthen economic integration of the countries involved

8Deepak Fertilisers has registered strong topline growth across business segments
8Operating Profit continued to build on growth momentum despite unfavourable raw material prices impacting IsoPropyl Alcohol production
8Despite a large fertilizer division, the chemical Segment contributed about 93% of total segment profit

8HPCL wants to hit net zero by 2040

8There is a bulk sale happening for benzene

8There is a conference up on “Compliance overview in Agrochemical Regulation in South Africa”

8INEOS Styrolution, the global leader in styrenics, has today announced the start of ABS production in Wingles, France, having completed the conversion of an existing polystyrene line to the production of ABS
8This move makes Wingles the company’s third ABS production site in Europe together with Antwerp, Belgium and Cologne, Germany

Cooldeck Industries Pvt Ltd manufactures plastic components, primarily for cooling towers and water/wastewater treatment plants.
8It has not been able to built its topline for the last few years
8And COVID has had an adverse impact
8The hope is performance will improve going ahead

8It has acquired a global leader in speciality additives

8The company has done mechanical completion

Ayushman Merchants Pvt Ltd is involved in the trading of polymers. The company is a DCA/CS of CSL, which is a part of the Sanmar Group and GIL.
8The company deals in PET chips, PVC resin, CP and is also into trading of calcium and mineral powder
8But the company has refused to cooperate in the rating of its debt

8Rubber prices in Singapore

Get today's cotton prices here
8Karachi Cotton Association Spot Rate: 31-01-2022: Pak 19580 (37.324Kg)
8(Un-Changed ) MCX - Cotton Future : 31-01-2022: Mar : 2022 : Rs. 37730 (Changed: +540)
8NYBOT- Cotton Future: 31-01-2022: Mar: 2022 : $ 127.57 (Changed : +3.81)

8We are carrying here a weekly potassium bromide market report
8Find out what kind of prices are projected going ahead

8Find out our weekly analysis, price charts and projections on hydrogen peroxide price movements for the coming week

8The website carries here our weekly outlook for MIBK
8Find out how prices are going to behave ahead

8The website carries here a weekly outlook on phenol prices
8Find out what our analysts are saying about how prices will behave till next week

The monetization of pipeline networks of IOCL an GAIL are moving ahead
8And the pace may pick up going ahead

The government seems to be moving towards setting up an independent Gas Transport System Operator
8This was a long felt need of the gas industry

SK Barua has retired from Numaligarh Refinery Ltd
8Someone else has taken over

The fertilizer subsidy has been trimmed by a massive Rs 35,000 crore
8From Rs 79,529 crore in 2020-21, it went up to Rs 140122 crore in 2021-22, and for the next year it is trimmed to Rs 105222 crore
8This is a trimming of Rs 35,000 crore, though higher than what was allocated in 2020-21 by Rs 25,000 crore
8What are the assumptions on which these allocations have been trimmed?

There is a budgetary allocation of Rs 645 crore to two public sector enterprises
8Which are these companies?