New ethyl acetate prices have been announced at Ex-Satyam.

Demand for PVC is gradually falling in the domestic market.

A producer from UAE is heard to have announced its offer for PP in Bangladesh.

On June 26, 2021, the purchase trend for EVA decreased in major domestic polymer hubs.

Price changes in the Mumbai polymer market have been reported by our analysts.

PBT (imported PBT moulding) prices have drifted down in the markets of Mumbai and Ahmedabad.

8Honeywell Automation India brings global expertise to the factory automation business
8The company says after the initial investment, the payback is almost immediate
Find out how this large Indian chemical company is taking advantage of Honeywell's technology

8The Indian PVC pipes industry annual growth at 10.2% during 2016-23 not least due to upsurge in demand for pipes in the irrigation and housing & construction industry.
8Growth would get a leg up from increased focus of GOI on developing rural water management
8And here is one company which seems to want to take advantage of it 

8Japan is targeting to bring forward a plan to develop technology that can increase the use of ammonia in power generation

Of the country's six LNG terminals, our data shows that only three are currently receiving cargoes.
8Of this one has only one cargo coming up
8Essentially, there are only two terminals working, of  which one is at half speed
8So, and there are quite a few terminals that are going to be coming on stream
8In this context, the rush to set up new terminals has to be kept in perspective

Paradip refinery has a long history of vessels waiting at berth
8Currently there are three vessels on wait
8Vessel wilting is more of a norm than an exception, despite excellent SPM based evacuation facilities off Paradip
8Is there an offtake problem at the SPM prompted by bad weather or is there a frequent refinery offtake issue?
8Or is the vessel movement department in IOC getting the schedules all wrong?

From the recent spate of petrochemical awards, LOIs are now being handed out.
8Two LOIs have been handed out to a new kid on the block
And for them, mobilization time has arrived

LNG prices have begun going up for India
8And it is a price sensitive market, so the impact will be felt down the line
8And our projections show that prices are not falling anytime soon
8Long term Brent-attached gas prices are slightly lower but by the time they land at factory gates, with tax and transportation charges included, it is a high $14/mmbtu or so
8For spot cargoes, it is worse still
8At these kind of prices, alternative feedstock prices, such as LPG, may be more lucrative unless those prices rise too in tandem with higher crude prices

 China-backed port in Sri Lanka now competes for bunker fuel with India
8Its strategic location a few miles off the main shipping lines of Asia is a big help
8Sri Lanka is building more connections to the port

8The capex of NRL has now been pushed up
8The earlier estimate was Rs 22,000 crore
Not it has moved up to Rs 28,000 crore because of extra additions

The following are some of the highlights of OIL's performance in 2020-21
8The company brass claims that it will take no impairment on Mozambique even through force majeure conditions are in place because insurgents are very near its operating area in the LNG project where it has a big stake. The management claims impairment will not be needed even if the force majeure continues for two years
8The company took an Rs 850 crore hit in dry wells in its KG Basin exploration as well as Mizoram, both of these missions have not been abandoned

8Gas compression facilities are required on rent

82021 is setting out to cause the third-lowest level of newbuilding orders in 12 years, despite additional orders for containerships currently at a 14-year high, BIMCO forecasts
 8The trading world merchant fleet had a range of 74,505 ships over 11 main segments recounted by the BIMCO ICS Seafarer Workforce Report 2021, at the start of 2021. In the baseline scenario, the total fleet is calculated to reach 79,282 by the end of 2025
 8From 2021 onwards, BIMCO forecasts the fleet to have an annual compound growth rate (CAGR) of 1.25% in a baseline scenario until the spring of 2026, the CAGR for the previous five years is 1.44%

8Why is there no business in the DAP market for the last 15 to 20 days
8They are all waiting for signals to come

8What about the phos acid price negotiations?
8Will they stay the same or will they rise?

8Focus Energy has claimed that it can produce 4 mmscmd of gas from its field at Langtala
8And a gas evacuation connection is crucial for that to happen

The common carrier regulations are now being set to be put in place
8And a lot of standardization is expected, including about GSAs

Mukesh Ambani has promised that his deepwater blocks will supply 30 mmscmd of gas by 2023
8The third field will come on stream in Q-4, 2022
Find out more

8The European Union has banned imports or transfer of potash from Belarus as part of its wide-ranging economic sanctions.
8Find out more

8Reliance Industries is investing in India’s first world-scale carbon fibre plant for supporting hydrogen and solar ecosystems.
8Know more about it