On May 15, 2021, the Kandla market witnessed a rise in phenol prices.

An increase in butyl acetate prices has been announced at Hazira.

Ethyl Acetate prices have been revised at Ex-Satyam.

A revision in methanol prices have been announced at Hazira.

On May 15, 2021, the Kandla market witnessed a rise in NBA prices.

A revision in ethyl acetate prices has been announced at  EX-Jubilant.

On May 15, 2021 benzene prices fell in the domestic market of Mumbai.

Ortho-xylene prices were assessed higher today in the imported market of Mumbai.

RIL has announced an increase in MEG and DEG prices.

The Indian petrochemical wave is about to begin
8And here is some very wise advise on how to ride this wave
8Pricing excellence can provide 2 to 5 percent improvement in the top line, and this needs very intelligent work
8A zero-based approach is highly effective to drive leaner organizational costs
8External spend on materials and services across the value chain represents more than 70 percent of the total P&L cost for petrochemical players. So strategic sourcing is important
8Digital-led improvements in manufacturing and supply chain operations present the biggest area of opportunity
8Working capital optimization represents another opportunity to derive value.
8With the upcoming wave of investment in petrochemicals, players need tight capex management to ensure in-budget and on-time completion of projects.
An elaboration of the above advisories and for other pearls of wisdom: Obtain it all here

"The next 10 years will be the most exciting decade India's petrochemical industry will ever see," said Kamal Nanavaty, president of India's Chemical and Petrochemicals Manufacturers' Association,
8Find out more on why he says so

8COVID may have hit many Indian companies hard
8But it was also a time of great opportunity as as is evident from IPOs brought out by some
8So COVID was fantastically good for some and not so good for others

There is a lot of new chemical plants coming up, all going through the licencing process.
Among the are:
8Drug units
8Pesticide units
8Synthetic organic chemicals
8API units
8And a whole lot of other units

8The short term market outlook for petrochemicals continues to be rather murky
8This is the case in China, and what is true for China is probably true for everyone these days

8Find out more on why methanol prices may start moving northwards from here on

8Want to know more about the Turkish market and how an Indian firm can benefit from it?

8ONGC Petro Additons Ltd seems to have done better in 2020-21 compared to the previous
8It has been able to bring down losses almost to a third of the previous year

8If you want to keep a check on how COVID-19 is working its way through the Indian economy, do not need to go further.

8The company has issued a warning for the general public against the fake entities offering fertilizer franchise on its name

Ammonium Nitrate Greenfield Project
8Cost - Rs 1750 crore
Single/Triple Super Phosphate Greenfield Project
8Cost - Rs 25 crore

8A total of 6.4 million tonnes of crude are under dispatch or are on way to Indian ports as of today evening
8Get a full matrix of this tonnage, where is it coming from, where is it headed and who is the buyer and the seller

8The latest data shows an LNG cargo is being diverted to Mundra by PLL
8One cargo is lined up for Ennore

India's dependency on fertilizer imports is high
8As of the moment we are importing sulphur, rock phosphate, MOP, urea

8A cargo of base oil is coming from Hamriyah
8The cargo will be off-loaded at Hazira

8A cargo of paraxylene is coming from Sohar
8Its a full 10000 tonne cargo