News & Bulletin Updates

Reduced ethyl acetate prices were recorded in Delhi today.

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Fresh LLDPE is being offered In Nepal.

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A producer from South Asian is heard to have announced its offer for PP Yarn.

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Jul 20, 2021: HDPE offers in Nepal

A South Asian producer offers HDPE In Nepal.

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8Our daily petrochemical price updates are the best in the country
8Get our multi-grade, multi-city price list for petrochemicals

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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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8Saudi Arabian major Saudi Aramco seems to be in a severe debt squeeze
8So much so that it had to give up on some heavy duty investments, including a $6.6 billion petrochem expansion
8In this context, can it shell out money for a piece of RIL's oil to chemicals business or pick up a significant stake in the Ratanagiri refinery promoted by IOC, HPCL and BPCL?

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On July 20, 2021, Aniline prices increased in the Kolkata market.

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8Liquid nitrogen is required in bulk by a petrochemical plant
Find out more

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8The Gulf Petrochemicals & Chemicals Association is a powerful body
8And will it pay dividends as an Indian manufacturer or trader to join it?

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8The Indian government’s Defence Research and Development Organisation (DRDO) has developed plant-based packaging as an alternative to single-use plastics

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Here is the weekly outlook for
8Naphtha
8MTBE
8Toluene
8Isomer Mixed Xylenes
8Ethanol

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8Why are base oil prices flaring up?
8There is a consistent upward trend in feedstock prices
8Supply constraints do not help
8Get a full analysis here

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ONGC's EOI for a FEED for its ultra-deepwater Cluster-3 development of the KG-DWN-98/2 block could attract only a handful of bidders.
8Not a lot of work has been done in this water depth and no project is under commercial production as yet anywhere in the world
8Work has been done in the Gulf of Mexico only and in some parts of the Asia Pacific Region
8Find out which companies have shown interest in working with ONGC on this
8And the uncertainty level is so high, that no one can dare provide a cost estimate which is more than 50-60% accurate
8A few Indian companies may be roped in to provide local content for the work

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8This refinery major astutely limited competition to relevant EPC players but excluding players from another segment under its qualifying criteria
Find out how this was done

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Custody transfer of LNG is never an easy job
8Freshly revised data and details carried here will help customers also re-write their purchase and sales agreements

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The Chhara LNG terminal is entirely dependent on an 86 km pipeline that Gujarat State Petronet LNG Ltd is building
8The pipeline is still going through environmental clearance as of now, and the sensitive part is that it traverses through Gir wildlife sanctuary for length of 25 kms
8There is an urgency to getting the pipeline going, or else the terminal will be ready before the pipeline is

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8A requirement has come up for well construction supply and services for development, appraisal and exploration campaigns
8What is needed are integrated services

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Jul 20, 2021: E&P roadshow: Details

8The government is conducting a hybrid roadshow on E&P opportunities in India. Also accompanying this will be a presentation on ease of doing business in Gujarat.
8The question is why not include other oil-bearing states such as Assam and Tripura?

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8A shipment of 25k MT starts offloading today at Kandla
8JNPT set down 13k MT on the 18th
8A 12k MT shipment coming from Safi was unloaded at Cochin on the 17th
8Coromandel International’s 10k MT consignment coming from Jorf Lasfar was offloaded on the 19th at Kakinada
8Indorama India received two shipments totalling 30k MT at Haldia

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Jul 20, 2021: New pipeline data

In India, the biggest problem with gas usage is evacuation or the lack of an adequate pipeline network.
8But here is a list of  8 cross-country pipelines that are under construction. Find out when are they to be commissioned
8Also, there are another 10 pipelines that have been partially commissioned recently, get their details here

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The website carries here the following import matrices
8Latest port status update
8Latest container import update
8Latest tanker (all kinds) import update
8Get the June update on the import of industrial gases into India

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8Shares of DCM Shriram hit a new high of Rs 1,199 on the BSE after they rallied 18 per cent on the back of heavy volumes in intra-day trade on Monday in an otherwise weak market. At 01:11 pm, the stock was trading 14 per cent higher at Rs 1,157 as compared to a 1.3 per cent decline in the S&P BSE Sensex.

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8India has put up a united fight against COVID-19 and the economy is firmly on the path to recovery, Union minister Nitin Gadkari said on Monday.

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8India is in talks with crude producers about securing more affordable oil prices after tax-laden pump prices of gasoline and gasoil surged to record highs in Asia's third-largest economy, adding to inflation. India, the world's third-biggest oil importer and consumer, ships in over 80% of its oil needs from overseas.

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