News & Bulletin Updates

Oct 22, 2021: LNG cost shoots up

8LNG imports are more than 40 percent more expensive in September this year compared to the same period last year
8Volumes are lower too. This is so, even as little or no spot imports are taking place

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8Green ammonia is no longer just a laboratory experiment
8Plans have been unveiled for a major green ammonia project in Sweden
8Know more

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8Rama Phosphates Limited gets approval to expand SSP and GSSP capacity
8Know more

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8Energy producing nations have pledged to collaborate with India in its efforts to move towards the twin goals of energy security and decarbonization, but added that surging oil prices is a wake-up call to ensure the flow of plentiful investments into the sector in coming years.

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8The stunning recent runup in global oil prices could threaten economic growth, and is unlikely to retreat until 2023, the World Bank said Thursday.

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8Oil prices resumed their climb on Friday on continued tightness in U.S. supply, but were headed for a flat finish on the week as coal and gas prices eased, curbing fuel-switching which had stoked demand for oil products for power.

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8On October 17, three railway rakes carrying di-ammonium phosphate (DAP) were dispatched from Gujarat’s Mundra, Pipavav, and Kandla ports to Kanakpura, a station in Rajasthan catering to the mustard-growing areas of Jaipur, Tonk, Ajmer, and Sawai Madhopur districts.

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8State-owned GAIL (India) Ltd will build India's largest green hydrogen-making plant as it looks to supplement ‎its natural gas business with carbon-free fuel. Speaking at India Energy Forum by CERAWeek, GAIL chairman and managing director Manoj Jain said the company has floated a global tender to procure an electrolyser.

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The international crude oil price of Indian Basket was quoted at around $83.28 per barrel on October 22, 2021.

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IPA prices were quoted lower in the Ahmedabad market.

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Petrochem sources in Kandla have reported a rise in propylene glycol prices.

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IPA prices in Hazira have fallen sharply.

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Low MIBK  prices were recorded in the Kandla market. 

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A huge fall in VAM prices in the imported market of Mumbai was noted on October 21, 2021.

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Petrochem sources in Mumbai have reported a significant lift in aniline prices. 

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On October 22, 2021, Petrochem sources reported a huge fall in acetic acid prices in the Mumbai market.

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MEK prices witnessed a huge fall in the Kandla market today.

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Styrene Monomer prices have been reduced at Hazira.

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On October 22, 2021, Petrochem sources confirmed that hexane prices had risen in the Kandla port.

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Acrylonitrile prices registered a sharp fall in the imported market of Mumbai. 

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Cyclohexanone prices in the Mumbai market have registered a fall today.

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8Indian rubber production may suffer due to heavy rains in Kerala

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8Get the latest rubber prices in Bangkok
8As also in Kuala Lampur
8Also, Singapore

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RM3.50 per kg will prevent smallholders from switching to other commodity crops
8This was claimed by the Malaysian Rural Development Minister Datuk Seri Mahdzir Khalid

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8Mechanical recycling is currently the simplest and most commonly used solution to transform plastic waste into new products. It generated nearly 4 500 patents from 2010 to 2019, with an increasing focus on addressing the quality degradation issues when recycling plastic waste that is collected post consumer
8However, with more than 9 000 patents over the same period, it is chemical and biological recycling methods that stand out in terms of the number of patents

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