News & Bulletin Updates

Dec 14, 2021: NPG climbs in Mumbai

Petrochem sources in Mumbai have reported a rise in NPG prices.

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PVA 24-88 prices witnessed a huge fall in the Ahmedabad market today.

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A cut in paraformaldehyde prices in the Delhi market was noticed today.

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Benzyl alcohol prices were quoted higher in the Ahmedabad imported market.

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Triethanolamine prices are gradually picking up in Mumbai.

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On December 14, 2021, paraformaldehyde prices fell sharply in the Mumbai chemical market.

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Dec 14, 2021: Daily import matrices

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

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When maverick Assam Chief Minister Himanta Biswa Sharma sought a merger of ONGC's North Eastern assets with Oil India Ltd, everyone thought it had the blessings of the centre.
8After all, Sharma had delivered the North East to the BJP and what he thought was good for the North East held for the centre too
Find out what is the latest on this proposal

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8Treatment of petroleum products under India's taxation regime is extensive and vexing
8Particularly with tax, what is the way forward now?
Read for an expanded discussion on the subject

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Tamil Nadu has an very environment sensitive lobby.
8So what exactly is the status of ONGC's application for Environmental Clearance to drill 10 exploratory wells in L-I PML block in Ariyalur district of the state?
8And what is the ministry's take on this?

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8Bid date extended for sale of natural gas

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8A combination of circumstances has got this ship management services out of Mumbai into trouble
8Will there be a turnaround later?

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OMIFCO, promoted by Iffco and Kribhco, was under long term arrangement to supply urea to India
8But that changed
8Find out what is the current status

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Isobutylene prices were significantly lower in the Mumbai market today.

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Dec 14, 2021: Briefs

8Get the latest requirement, availability and sales data of fertilizers
8What is the latest fund release data for urea?
8Is the government considering a proposal that will lead to decontrol of urea?
8Steps taken by the government for adequate supply of fertilizers
8Gas based urea plants: What does the DOF think about them

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8In an alarming prediction, there is this large trading arm is claiming that gas price may stay high for as long as five years
8There is reportedly a structural change

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Prabha Energy aims to produce 1 mmscmd of gas within "2-3" years from its CBM field
8That is a lot of production by any yardstick
849 wells have been drilled, and 33 have been put on de-watering
8The advantage of the block is it is just 60 km from the Urja Ganga pipeline

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Ammonia Greenfield Project
8Cost: 2773 Cr.
8Project Event: Environmental clearance submission in January 2022. The RFQ for the contractor is likely to be released in March 2022.
Nano Fertilizer Greenfield Project
8Cost: 119 Cr.
8Project Event: The company has hired EQMS India Pvt. Ltd for environmental clearance, the proposal for the term of reference has been granted in Feb 2021. The final preparation of the EIA report is still ongoing, a proposal for the environmental clearance is likely to be submitted at the end of February 2022. RFQ for the LSTK contractor is likely to be released in Q4 FY 2021

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Dec 14, 2021: Daily import prices

8One Phosphoric Acid Shipment is coming up on 20th December 2021
8One Rock Phosphate Shipment is reaching on 20th December 2021
8One Ammonia Shipment will reach on 20th December 2021

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8State-run Mangalore Refinery and Petrochemicals Ltd aims to continue operating its southern India refinery at full capacity on improved cracks and as it commissions a desalination plant to improve water supply, its managing director said.

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8Complying with the Commission for Air Quality Management's (CAQM) direction, all 1,636 industrial units that were re-inspected twice in the month of October and November were found to have converted to clean fuels.

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8The Saudi Film Commission has announced an initiative to help local and international production companies to make movies in the Kingdom.

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8The Govt should remove control on urea and stop giving subsidy through manufacturers; instead, the Government can give it directly to farmers.

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On December 14, 2021, Petrochem sources confirmed that acetic acid prices had increased in the Mumbai market.

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NBA prices witnessed a fall in the Hazira market today.

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