Naphtha prices picked up in North West Europe on account of positive buying trends in the respective countries.

The international crude oil price of Indian basket was quoted at around $68 per barrel on May 31, 2021. 

8Mosaic has sent out a note to all channel partners

8Encouraging government policies, new product launches and good monsoon are factors working in favour of Coromandel International
8Find out what else is going good for this company

NPK-DAP Greenfield Project
8Cost - Rs 987 crore
8Project Event: The proposal for an environmental clearance has been submitted, It is likely to be elicited in Q3 2021, Still, the DPR preparation is ongoing, RFQ for the EPC contractor is likely to be released in Q 2021 in place of May 2021 due to the pandemic of Covid-19.
SSP/NPK Greenfield Project
8Cost - Rs 70 crore
8Project Event: Still, the feasibility studies are ongoing, The company is planning to submit the proposal for the environmental clearance in July in place of May 2021 due to the second wave of Covid-19. RFQ for the contractor is likely to be released in July 2021.

On May 29, 2021, ethyl acetate prices were quoted higher in the Ahmedabad market.

VAM (Vinyl Acetate Monomer) prices hit low in the Ahmedabad market.

On May 29, 2021, ethyl acetate (imported repack) prices were assessed lower in the Delhi market.

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On May 29, 2021, Petrochem sources confirmed that VAM prices are gradually falling in the Mumbai market. 

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Thirumalai Chemicals Limited has chalked out a plan to implement a project to manufacture 180,000 tons/year of PA and 30,000 tons/year of Fine & Specialty Chemicals, at its Dahej site in Gujarat.

Petrobras will start its first scheduled maintenance at the Abreu e Lima Refinery (RNEST) in June.

Major Chinese producer Jiangsu Honggang is planning a maintenance turnaround at its PTA unit.

Asia Polymer Corp is likely to take its No.3 EVA plant off-stream.

An increase in polyamide (M28RC) prices in the domestic market of Kolkata was noticed on May 29, 2021.

PBT Imported  prices have drifted down in the Ahmedabad market.

ABS (HI121H) IM  prices have drifted down in the Ahmedabad polymer market.

Petrochem sources have reported a rise in imported POM prices in the Mumbai polymer market.

On May 29, 2021, ABS (MIF45) prices were assessed lower in the Delhi market. 

Shenhua Xinjiang Energy is planning to undertake a planned shutdown at its MTO plant.

A revision for butyl acetate prices has been announced at Hazira.

Prices for acetic acid have been raised at Kandla.

A fall in acetic acid prices in the imported market of Mumbai was noticed on May 29, 2021.

On May 29, 2021, benzene prices were quoted higher in the Mumbai market.