News & Bulletin Updates

8America is just recovering from Hurricane Ida
8Key routes are being opened, and this will have a calming impact on the markets

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Our daily import matrices are made up of the following
8Daily chemical imports
8Daily ammonia imports
8Daily LPG imports
8Daily LNG imports
8Daily crude imports
8Daily dry and buk cargo imports
8Daily tanker imports
8Daily crew change and port updates
8Monthly steel and vehicle traiff data at ports
8Monthly project import data
8Monthly commodity tariff at Indian ports

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 EIL has decided to take the plunge into the EPC business
8It has decided to bid against an EPC tender

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There is much hand wringing going on within EIL over the manner in which it quoted for two EPCM jobs for the Panipat refinery.
8It is learned that the new CMD, as director technical, was in charge of the bids
Find out more about what went wrong

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LNG prices are ruling very high, near $20/mmbtu levels. 
8The price dynamics are explained through a series of illustrations, something that Indian gas analysts must have a look
8Then again, it is not just in India that demand is drying up, demand is also drying up for trucked LNG, as also for the energy-intensive ceramic industry
8In this context, the Indian ceramic industry, based out of Morbi should consider itself lucky that the supplier has been able to do a mix of long term and spot cargoes to keep the price increase minimal

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The head of MM, A.P. Tripathi, the key purchasing authority in ONGC, is turning heads across the industry through his official announcements.
8Supported by his bosses, Tripathi is conducting a cleaning operation of some of ONGC's archaic purchase regulations. Decision-making is quick
8Here is an example of how Tripathi functions, by pointing out previous anomalies and then asking various purchase divisions not to repeat them going ahead

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NP (20:20:0:13) Fertilizer Expansion Project
8Cost - Rs 220 crore
Three companies are in the race for the EPC contract but for reasons of its own, the financial bids have still not been opened
SSP/NPK Greenfield Project
8Cost - Rs 70 crore
Environment proposal submission is delayed

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The government has issued one more stern warning on fertilizer availability.
8This kind of dictation may be harmful to the industry in the long run
8Though the warning is not mandatory, the industry is reading it otherwise

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8ED has attached properties in relation to the fertilizer subsidy scam

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8IFFCO's US Awasthi has just received a lifetime achievement award

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8RCFL floats tender for supply of Ammonium Sulphate

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8A consortium of Indian state-owned oil firms, including ONGC and Indian Oil, are in preliminary talks with Rosneft for a stake in Russia’s massive Vostok project, according to people familiar with the matter.

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8China's state planner has approved a 960 million yuan ($149 million) coalbed methane pipeline project linking the northern provinces of Shanxi and Shaanxi, the National Development and Reform Commission said in a statement on Friday.

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8India's gasoline demand is set to hit a record this fiscal year, with consumption accelerating as more people hit the road for business and leisure travel after easing of COVID-19 curbs.

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Petrochem sources in Ahmedabad have reported a huge rise in cyclohexanone prices.

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8Get a complete roundup of petrochemical price movement today, across all products and all markets
8Find out which prices have changed

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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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Sep 03, 2021: MEK weekly synopsis

8Find out our weekly analysis, price charts and projections on MEK price movements for the coming week

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8The website carries here our weekly outlook for BAM
8Find out how prices are going to behave ahead

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IPA prices moved higher today in the Kolkata chemical market.

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On September 3, 2021, Petrochem sources reported a fall in phenol prices in the Kolkata port.

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A rise in IPA prices was recorded today at Hazira.

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New benzene prices have been announced at Vizag.

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Aniline prices were assessed lower in the Kolkata market.

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On September 3, 2021 Petrochem sources reported a fall in imported Polyurethane prices in the Ahmedabad polymer market

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