News & Bulletin Updates

Propylene glycol prices in the Kandla market have registered a fall.

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Fresh ethyl acetate prices have been announced at Ex-Satyam.

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Prices for DEG have been decreased at Hazira.

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On July 24, 2021, trading sources reported a fall in toluene prices in Mumbai.

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As of  July 24, 2021 trading sources reported that PS (GPPS) prices in the domestic market are gradually gaining momentum.

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8The website carries here a weekly update on phenol prices
8Find out what our analysts are saying about how prices will behave till end July 2021

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Supreme Industries (SIL) is India’s leading plastic processing company with a presence in four major segments including piping systems, packaging products, industrial products & consumer product category with revenue contribution of 63%,18%, 12% & 7%, respectively
8It is the market leader in the PVC pipe industry with a value market share of 14%
8It has put together a capex of Rs 520 crore, out of which Rs 200 crore will be dedicated towards greenfield projects and the rest Rs320 crores will be used in brownfield projects
8The company expects an incremental revenue of Rs 900 crores aided by this capex

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8Saraf Dyechem Industries (SDI) started its operations as a trading firm
8And then it ventured into manufacturing of chemicals

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8Are you interested in taking part in a discussion on trade related issues, both imports and exports, for basic organic, inorganic and agrochemicals
8A government agency is putting together a panel for it

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8This company plans to commission its chlor-alkali plant by Q-4, FY23
8The investment is a massive Rs 2100 crore and will include a captive power plant and a 500 TPD flaker expansion

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8Technology to make plastics from cellulose and water is around the corner
8This will provide a seemingly inexhaustible source of raw materials

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8This company has 500 KTPA of polymer grade propylene production
8It is making value added products from half of this quantity while the other half will manufacture polyoils

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Megha Engineering and Infrastructure Ltd (MEIL) MD, PV Krishna Reddy, is camera shy.
8But how is he when it comes to being hands-on?

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The Nagapattinam greenfield refinery is at the EPCM selection stage
8The EPCMs have been selected
8There is movement ahead on this front

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Did you know that ONGC is the first non-American company to take up the Global Methane Initiative? What has it done on this front
Also know more on the company's
8Gas blending in large diesel engines
8Power generation in remote gas locations
8How it plans to use CCUS to raise output by 10% in Gandhar and Ankleshwar

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The Swan LNG-IFFCO owned Floating Storage Vessel did not have much business until it was hired out to work in Ghana
8The lease period indicates that the Swan terminal will be unable to get functional before August, 2022 at the least
8The vessel has been sitting idle, having delivered only one cargo in February before was leased out, causing a huge loss to the owners.
8Also know more on why the FSU is being loaned out such an abysmally low day rate, far below the market price

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ONGC has become more responsive to complaints from vendors
8This is really quick action, as a BEC has been relaxed as a spin-off from the meeting
8This will come as much-needed relief to vendors

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Get an update here on
8Daily bulk cargo import movements
8Daily tanker cargo imports
8Daily COVID-19 restrictions on ports
8Monthly crude import data port-wise, refinery-wise, and country-wise

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8776k MT of crude oil was offloaded all over India on the 21st of July.
8The following ports received the consignment:
8Sikka - 523k MT received by Reliance
8Mumbai - 11k MT received by BPCL
8New Mangalore - 91k MT received by Mangalore Refinery
8Chennai - 150k MT received by Chennai Petroleum

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8Two shipments of LNG totalling 307k cbm was unladen on the 22nd
8One 155k cbm shipment was received by Gail
8Petronet LNG was the receiver of the other 152k cbm consignment

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It is unusual but RIL is bringing in as many as three ethane cargoes in quick succession through dedicated vessels
8Each vessel carries 46,000 tonnes of ethane. Either these vessel shipments were delayed and lumped together because it unusual to have three cargoes mapped for arrival in our database
8RIL had switched to ethane as it was a cheaper feedstock but prices had been going up sharply now
8Eventually, feedstock prices, like water, get to even out over different feedstocks

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8We are currently tracking around 1.18 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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8We have tabulated a total of 104 chemical shipments coming up the next week
8A few have already unloaded their cargoes
8No one gives you information like we do

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8Kandla is the biggest handler of chemical cargoes
8Currently around 1.68 tonnes of cargoes are getting processed or are about to be processed

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8JNPT port will see an assorted range of chemicals coming in over the next few days
8And these will include: VAM, CBFS, toluene among others

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