News & Bulletin Updates

Apr 01, 2021: IFFCO in import mode

8IFFCO is bringing in a cargo of phosphoric acid
8The unloading port is Kandla

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8Kakinada's chemical imports in the next few days are dominated by Coromandel
8Find out what is being brought in

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8We are currently tracking around 0.60 million tonnes of fertilizer imports
8And this is as of today's evening data
8And these are coming in from all over the world

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8Five million tonnes of crude headed to India
8Get the full matrix here, who is getting what

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8We have an short list of LNG vessels on line-up at Indian ports

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8It is a pioneer in creating more sustainable, natural ways to make plastic products
8The expansion project to reduce environmental impacts of plastic waste

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8With this order, BHEL enters into the downstream oil and gas process package business
8The package, anticipates setting up a 525 TPD Sulphur Recovery Unit at IOCL’s Paradip Refinery

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8The company has moved to Non-Cooperating category
8Find out why it is so

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8Latest CAB reading consistent with solid expansion into the fourth quarter
8US exports were positive with equity prices showing further gains

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The rise of China’s mega-refineries was always going to make life tougher for their competitors across Asia. 

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Crude prices rose on Thursday, recouping some of the previous session's losses on expectations that a meeting of OPEC and its allies later on Thursday would yield output constraint in the face of resurgent COVID-19 infections in some regions.

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Hindustan Petroleum Corporation Limited (HPCL) has acquired the balance 50 per cent equity stake in HPCL Shapoorji Energy Private Limited (HSEPL) from SP Ports Private limited company.

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After raising cooking gas prices by Rs 125 per cylinder last month, state-owned oil firms on Wednesday announced a Rs 10 per cylinder cut in LPG rates on softening international oil prices. A 14.2-kg LPG cylinder -- both for subsidised and market price users -- will cost Rs 809 from April 1 as against Rs 819 currently, Indian Oil Corporation (IOC) said in a statement.

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Ammonia-Urea Energy Saving Project
8Cost - Rs 380 crore
DAP Greenfield Project
8Cost - Rs 200 crore

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8One Rock Phos shipment is coming up on 1 April 2021
8Two Phos acid shipment is coming up on 1 & 5 April 2021
8One Ammonia shipment is coming up on 01 April 2021

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The ceiling price for gas to be produced from difficult fields — which have higher pricing and marketing freedom — has, however, been cut by 10.8% to $3.62/mmBtu. The new prices will be effective for six months starting April 1. 

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The IFFCO management on Wednesday suspended its 11 officials for their alleged negligence leading to a blast in the PSU’s Phulpur plant early this month in which two persons were killed and 14 others injured.

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8Here is a report on how blockchain technology has the capacity to bring about revolutionary changes

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8Now that Amitabh Kant will elevated from his current position, the race for the vacant slot is hotting up
8What is next on this front

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Apr 01, 2021: RFC Urea: Update

8Against huge acceptance in RFC urea tender, DOF has reduced the imported quantities

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8A round up of Mumbai chemical prices as of today

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8We have the complete bulk prices of Mumbai chemical market as of today

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On March 01, 2021, ABS(MIF45) prices were assessed lower in the Mumbai market.

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A revision in benzene prices has been announced by BPCL.

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A Saudi Arabian producer is heard to have announced its offer for LDPE film grade in India.

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