News & Bulletin Updates

Nov 22, 2021: Daily import matrices

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8Chemicals
8Crude
8LNG
8Fertilizers
8LPG
8Ammonia
8All tankers
8Bulk and dry cargoes
8Port updates

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On November 22, 2021, naphtha prices have been registered to drift down in NW Europe owing to sluggish demand trends in the region.

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Two large EPC tenders are going to be out this week
8This will be for two mega sized petrohemical projects

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The international crude oil price of the Indian Basket was quoted at around $80.7 per barrel on November 22, 2021.

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A cut in ortho-xylene (imported repack) prices was noted in Kolkata today.

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Another big, country-wide seismic survey is coming up
8And this is keeping the seismic service providers excited
Find out more

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Two rival rig companies wanted this drilling contract with a 1000-hp rig.
8Of course only one got it

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A fall in C9 Solvent prices in the imported market of Kandla was noticed on November 22, 2021.

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8Get comprehensive data on LNG imports out of the US into India

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Petrochem sources confirmed that ethyl acetate prices have plummeted in the Ahmedabad market.

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Market sources reported a cut in BGE prices in Kandla today.

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There are going to be market opportunities for LNG and hybrid energy solutions focusing on distribution, small scale solutions
8Here is a webinar you can attend

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DBP prices firmed up at Chennai in anticipation of tight regional product avails and improved buying sentiments.

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Here is an interesting update that questions the need for tying up huge gas infrastructure in a country like India where renewable energy is already cheaper than gas.
824 hour renewable energy too is getting rapidly cheaper.
8Find out how far this argument runs, particularly in the context of sky-high gas prices as of the moment

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What is the total item-wise capex by Indian Oil Corporation Ltd for the current and the coming year?
8Get a full excel on this here

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High gas and transportation costs have eviscerated the LNG market in India.
8It has eliminated the spot market entirely
8And our daily data shows, the shortest list ever of outstanding LNG shipments into India
8Also, LNG shipping rates are at a record high

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This fertilizer unit is likely to be inaugurated anytime between December 7-9, 2021
8That will mean extra urea coming into a market at a time when supplies are tight
8This will also mean an extra gas consumption of 2.4 mmscmd

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8The world's first electric and self-propelled container ship has been launched
8The project is expected to cut 1,000 tonnes of CO2 and replace 40,000 trips by diesel-powered trucks a year
8Know more 

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Nov 22, 2021: Fertilizer tender out

8There is a tender out for supply of Mono Potassium Phosphate

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8India has invited global companies to invest in its energy transition and work with it to achieve its vision to expand the green footprint by more than doubling the share of natural gas in the country's energy basket.

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8India's domestic gas production is expected to get a boost from KG Basin, from Motilal Oswal Financial Services (MOFSL).

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8The efforts taken by the Indore Municipal Corporation (IMC) to keep the city clean not only earn it bragging rights as India's cleanest city year after year, but also some hard cash. Indore was adjudged the cleanest city for the fifth year in a row in the Union government's annual survey on Saturday.

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8Asian liquefied natural gas (LNG) prices rose for the second straight week on robust demand from Asian buyers ahead of peak winter months and on supply concerns in Europe after delay in licensing the new Nord Stream 2 pipeline.

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8Soaring fertilizer costs threaten to drive up prices of crops worldwide, from US corn to Brazil coffee and China wheat.

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DOP prices were quoted higher in the Ahmedabad market today.

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