High spot prices have meant the death of spot cargoes.
8And a look at today's excel sheet for LNG cargoes shows that the list is the shortest ever in a very long time
8With cargoes shifting from both Hazira and Dahej, these terminals are now running at lower than full capacity, it will seem
8The Kochi, Ennore and Mundra terminals in any case are running sub-optimally
8And it looks like the tight LNG market will persist until the beginning of summer if not more
Click on Reports for the shortened list of upcoming LNG cargoes.

In the midst of this tight market, extra demand for four cargoes of LNG per month is coming up starting in deep winters in India
8Hopefully both the buyers of this gas and the supplier will be able to maintain a reasonable price line

IGX is claiming to be selling gas at 20% lower than prevailing spot benchmarks
8And it says gas volumes have gone up too
The reason for the differential is the high prevailing spot prices, and it remains a moot point how much differential IGX can provide when prices start pushing lower.

There was a big gas tender for as much as 23.5 TBU of gas
8Buyer forced to a corner by higher prices
Find out who won this tender

Ammonium Nitrate Melt Greenfield Project
8Cost - Rs 88 crore
8Project Event: The Letter of bid invitation for the LSTK contractor is out and the bid due date has been extended from 27 August TO 14 October 2021 and the scope of work is  process license, basic design, detailed engineering, HAZOP studies and implementation of its recommendation, procurement, and supply of all equipment, etc.
NPK-SSP & Sulphuric Acid Expansion Project 
8Cost - Rs 15 crore
8Project Event: The environmental clearance has been elicited in February 2021, the company is talking with a different local contractor, the final RFQ for the local contractor is likely to be released in November in place of October 2021 due to the lack of funds. The company has applied for the loan which is likely to be granted at the end of October 2021.
Update via www.indianfertilizer.com

One Rock Phosphate shipment is reaching on 11 October 2021.
8One MOP shipment is coming up on 11 October 2021
8One DAP Phosphate shipment is arriving on 11 October 2021
8One Phos acid shipment is coming up on 11 October 2021

The fertilizer gas tender for a massive 23.5 TBU of gas has closed
8Find out who won what

8UAE's national oil company ADNOC and OCI are planning an initial public offering of the Fertiglobe joint venture.
8Find out more

8A white prilled urea tender is live

8Reliance Industries Limited (RIL) has planned to transform its energy business with an over-arching strategy to offer decarbonisation solutions globally at a competitive price (similar to its existing energy portfolio) in a market potentially worth $5 trillion by 2030, Morgan Stanley said in a report.

8Billionaire Mukesh Ambani's Reliance Industries Ltd plans to transform its energy business with an over-arching strategy to offer decarbonisation solutions globally at a competitive price in a market potentially worth USD 5 trillion by 2030, Morgan Stanley said. Over the next few decades, the world will need to fundamentally retool the way it produces and consumes energy.

8For the first time, Rourkela Steel Plant (RSP), a unit of SAIL, directly dealt with sale of products by participating in tender processes and supplied around 3,000 tonne of pipes of special grade to petroleum companies, IOCL and BPCL, for their use, an official said.

8Sellers of liquefied natural gas (LNG) are asking for credit letters from companies they deal with to guarantee they can pay as the global spike in gas prices takes them beyond their credit limits, industry sources said.

8The 62 per cent increase in natural gas prices by the Indian government will boost the profitability of upstream companies in the country and support their investment spending, Fitch Ratings said on Tuesday.

MP Diol prices registered a fall in the imported market of Kandla. 

Formaldehyde prices are slowly increasing in the Delhi market.

Methanol climbed higher in the Delhi market today.

Styrene Monomer prices have increased in the imported market of Delhi. 

On October 06, 2021 naphtha prices have been registered to move up in Japan and Europe on account of positive buying trends in the respective countries.

The international crude oil price of Indian Basket was quoted at around $80.49 per barrel on October 06, 2021.

C9 solvent prices in the Delhi market registered a fall today.

On October 6, 2021, the Hazira market witnessed a rise in butyl acrylate monomer prices.

Ortho-Xylene prices at Kandla are currently at raised levels.

A drop in IPA prices was recorded today at Hazira.

Petrochem sources in Kandla have reported a huge rise in MEK prices.