News & Bulletin Updates

GSPL is building the Chhara- Lonthpur Pipeline
8But the snag as we know is that the pipeline is nowhere near construction and without it the 5 MMTPA HPCL's Chhara terminal is going to be a stranded asset

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A severe DAP shortage is now taking political overtones
8And unless the DOF takes quick action, there will be mud on the face of the ruling regime in Delhi
Find out what is going on at the ground level 

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On October 27, 2021, Petrochem sources confirmed that ethyl acetate prices have fallen sharply in Delhi.

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8OCP Africa and the Sokoto State Administration will launch a fertilizer blending plant in the first quarter of next year
8The plant will have a production capacity of 200,000 MT yearly
8Know more

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8Even as Hindustan Urvarak and Rasayan Ltd (HURL) is confident of starting commercial production of urea from its upcoming fertilizer unit at Sindri by March next, ground realities suggest that it may get extended further.

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A fall in methanol prices in the imported market of Ahmedabad was noted on October 27, 2021.

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The international crude oil price of Indian Basket was quoted at around $84.38 per barrel on October 27, 2021. 

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8One Sulphuric acid Shipment is reaching on 30th October 2021
8One DAP Shipment is arriving on 30th October 2021
8One Ammonia Shipment is coming up on 1st November 2021
Get their import prices here

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On October 27, 2021 Naphtha prices registered a downward movement in Japan while moving up in NW Europe owing to fluctuation in the markets.

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Oct 27, 2021: Urea tender released

8There is a urea tender currently ongoing

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8The retail fuel joint venture of Reliance Industries Ltd and BP has started selling multiple fuels including services for charging and battery swapping for electric vehicles in India, it said in a statement on Tuesday.

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8BP's trading team made at least $500 million in the third quarter of 2021, two sources with knowledge of the company's trading results said, as the energy major benefitted from a gas crisis that has left consumers and industries smarting.

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8The state-owned Oil India Limited (OIL) on Tuesday launched an ambitious drone surveillance project to curb pilferage of crude oil, condensate, theft of pipes, tampering of well heads and tapping of crude oil delivery pipelines, besides to strengthen the overall operational security.

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8As US benchmark oil crossed $80 per barrel on October 8, a level last reached in November of 2014 and is likely to climb to $100/b, the Union government has to develop both short and medium-term plans to face the potential energy crisis.

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8President Joe Biden, hoping to signal U.S. re-engagement with allies after four years of Donald Trump's "America First" policies, heads to a meeting of G20 leaders in Europe this week to discuss energy prices, the Iranian nuclear program and supply chain issues, U.S. national security adviser Jake Sullivan said on Tuesday.

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8The Government should look for long-term solutions to correct the current situation of heavy reliance on imports and reduce these to 10-15 per cent.

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NBA prices were quoted higher in the Ahmedabad market, today.

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A fall in DOP prices in the imported market of Ahmedabad was noted on October 27, 2021.

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Aniline prices were quoted higher in the Kandla market, today.

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Market sources reported an increase in octanol prices in Hazira today.

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Robust demand has raised benzene prices at vizag.

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Petrochem sources in Kandla have reported a rise in Acetic Acid prices.

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ACN prices were quoted higher in the Mumbai market, today.

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MEK prices have moved lower in Mumbai.

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Petrochem sources in Mumbai have reported a significant lift in VAM prices.

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