News & Bulletin Updates

A cut in acrylic acid prices was noticed today in Mumbai.

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Isophthalic Acid prices were quoted higher in the Ahmedabad market, today.

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

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Nov 26, 2021: Daily import matrices

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

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8ONGC's was meant to give out LOIs for Jack-Up rigs
Find out more on what happened
 

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8The term of an NFL director has been prematurely terminated by the Appointments Committee of the Cabinet

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High prices are forcing LNG buyers to pool their cargoes.
8Here is an unusual pool of Adani, HPCL and Arcelor Mittal Nippon Steel getting a cargo of 149950 cubic metres via the vessel Soyo, reaching Dahej on December 2, 2021. Pooling is not unusual, but this particular combination seems unusual as per out records
8Also, one LNG cargo that was meant to reach Dahej on December 27, via vessel Golar Igloo has been cancelled

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Benzyl alcohol prices in the domestic market of Delhi were lower today.

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DAP/NPK Greenfield Project
8Cost: 300 Cr.
8Project Event: The PDIL has been selected for the preparation of the Techno-Economic Feasibility Report. Based on the feasibility report of PDIL, future action shall be planned. RFQ for the EPC contractor is likely to be released in January 2022.
Single Super Phosphate Greenfield Project
8Cost: 10 Cr.
8Project Event: Evaluation is ongoing for environmental clearance, and it is likely to be granted in December 2021. A new committee has been formed for the project, the tender for a contractor is likely to be released in February 2022

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Perchloroethylene prices were quoted high in the Delhi market today.

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Paraformaldehyde prices were quoted higher in the domestic market of Delhi, today.

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8It is learnt that the government has approved the import of 1.6 million tonnes of urea
8It will be shipped by Indian Potash Limited
8Get a comprehensive note on the import of fertilizers into India

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8There is a tender ongoing for TSP and MAP/ DAP

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8India's natural gas consumption is projected to rise to as much as 550 million standard cubic meters per day by the end of the decade from about 174 mmscmd now as the user base expands with the inclusion of newer industries such as steel, GAIL (India) marketing director E S Ranganathan said on Thursday.

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8Oil prices were largely steady on Wednesday as investors questioned the effectiveness of a U.S.-led release of oil from strategic reserves and turned their focus to how producers will respond.

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8Asia's imports of crude oil are likely to have rebounded in November to the highest this year amid pre-winter buying by top consumers and despite widespread disquiet among buying countries over high prices.

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8The Indian Biogas Association has asked the Ministry of New & Renewable Energy (MNRE) to continue the waste to energy scheme through central financial assistance.

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8India, which is the world's third-biggest oil importer, will release 5 million barrels of crude oil from its strategic petroleum reserves in a concerted effort to bring down global crude oil prices, which were crossing $85 a barrel last month.

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8Among the mix of possible alternative fuels available for marine use, methanol—a chemical building block for hundreds of everyday products—is fast emerging as an attractive option for shipping companies looking to reduce their carbon footprint and meet sector-wide emissions targets.

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8Oil and Natural Gas Corp. (ONGC) has let a 3-year contract to Shelf Drilling Ltd. for the Ron Tappmeyer jack up rig to operate in Indian waters.

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8The head of the International Energy Agency on Wednesday called on OPEC and its allies to take measures to help bring oil prices down to "reasonable levels".

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8After decades commuting on New Delhi's parlous roads, office worker Ashok Kumar spends more time than ever stuck in the gridlock that packs the Indian capital's thoroughfares and pollutes the city.

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On November 26, 2021, Naphtha prices were registered to drift down in NW Europe owing to sluggish demand trends in the region.

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The international crude oil price of Indian Basket was quoted at around $81.65 per barrel on November 26, 2021.

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Styrene monomer prices in the Delhi market have registered a fall today.

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