News & Bulletin Updates

As of September 7, 2021 Butadiene (BD) prices have been reported to be steady in South Korea, South East Asia, Rotterdam, and US Gulf due to stable demand patterns in the respective countries.

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The international crude oil price of Indian Basket was quoted at around $70.54 per barrel on September 7, 2021. 

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On September 7, 2021, formaldehyde prices increased in the Kolkata market. 

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There have been some changes in the LNG import schedule
8For reasons not known yet, one cargo at Mundra had to be diverted to Dahej
8More interestingly, one entire cargo out of Cove Point was cancelled

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Acetic Acid prices registered a sharp fall in the imported market of chennai. 

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8Get a complete roundup of petrochemical price movement today, across all products and all markets
8Find out which prices have changed

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8Get a complete roundup of chemical price movement today, across all products and all markets
8Find out which prices have changed

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8Find out our weekly analysis, price charts and projections on cyclohexanone price movements for the coming week

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8The website carries here our weekly outlook for octanol
8Find out how prices are going to behave ahead

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Styrene Monomer prices have increased in the domestic market of Chennai.

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ONGC can boast of getting among the lowest day rates for vessels and rigs in the world
8But sometimes rates go down so low, that others are not willing to match the L-1 rates
So despite a high participation rate in these tenders, ONGC will still be a few vessels short
Find out more on the latest update on vessel rates

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8This new ONGC director has all it takes to make a success of his tenure

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Phosphoric Acid & Sulphuric Acid Greenfield Project
8Cost - Rs 1800 crore
8Project Event: The company has got a DFR through a noted consultant for a 600 MTPD phos acid, and 1800 MTPD sulphuric acid.
 Final decision by the company is yet to be taken. FInd out who has done the DFR
Also when RFQs are expected
Ammonium Sulphate Expansion Project
8Cost - Rs 9 crore
8Project Event: The company will execute the project on its own, without involving any external technology supplier and it shall be using its available in-house expertise and resources. The public hearing has been completed, the proposal for the environmental clearance is likely to be granted in September 2021. RFQ for the EPC contractor is likely to be released in Q3 FY 2021.

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

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VAM prices were assessed lower in the Kolkata market.

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Cyclohexanone climbed higher in Kandla today.

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On September 7, 2021, the Hazira market witnessed a rise in butyl acrylate monomer prices. 

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Petrochem sources in Kandla have reported a rise in 2EHA prices.

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8Demand for an extra cargo of LNG every month has been generated as of yesterday

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Sep 07, 2021: FACT pushes ahead

8State-owned FACT has resumed it's caprolactam plant
8The company is expected to add about Rs 700 crore per annum to the turnover

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8The phosphate fertilizer industry is going through a year of tremendous pressure.
8When is the situation going to turn around?

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8A new technology can convert waste into biogas and organic fertilizers
8Find out more on how it is done

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8Three years after its much-acclaimed maiden entry into Israeli water that was symbolic of New Delhi's growing closeness with Tel Aviv, an ONGC Videsh Ltd (OVL)-led Indian consortium has relinquished the offshore oil block due to "very poor" hydrocarbon prospectivity.

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8From the price action, you’d think that fossil fuels are back in business.

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8Saudi Arabia lowered its light crude oil prices to Asian customers in October versus September, though left prices to northwestern Europe and the United States steady.

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