News & Bulletin Updates

8Sri Lanka is awaiting official confirmation from India on a new credit line that would allow the cash-strapped nation to have supplies of petrol and diesel for the next four months, Energy Minister Kanchana Wijesekara said on Friday.

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On June 20, 2022, Petrochem sources reported a fall in NBA prices in the Kandla market.

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Robust demand has lifted butyl carbitol prices in the Kandla market.

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An increase in DEG prices has been noted at Hazira today.

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Petrochem sources reported a massive fall in acrylonitrile prices in the Mumbai chemical market.

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Benzene prices firmed up in Mumbai in anticipation of tight regional product avails and improved buying sentiments.

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On June 20, 2022, Petrochem sources reported a fall in toluene prices in the Mumbai market.

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VAM prices in the Mumbai market registered a fall today.

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8In order to provide insurance cover to fertilisers imported from Russia and Belarus, the Indian insurance sector has created a Rs 500 crore 'fertiliser pool', said a senior industry official.

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8In a first, India will import nearly 47,000 tonnes of urea from the US as tech giant Samsung will load the consignment at the New Orleans port for shipment to New Mangalore, a news report said.

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8During the ongoing ICA General Assembly at Spain, IFFCO signed an MoU with Angkasa to supply the newly developed Nano Urea liquid in Malaysia.

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8An expert panel constituted by the government has suggested that India has enough potential to produce hydrogen from domestic coal and the country should strongly pursue this option.

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8Modi had made what now seems like a nearly impossible pledge to achieve emissions intensity reductions of 45% below 2005 levels by 2030
8So what are the for data needs to monitor such a movement and what are the immediate sector actions that can help realise this pledge, within the more comprehensive requirements to realise a longer-term low-carbon development transition?

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8Recent developments in developing sodium-ion battery technology might provide a solution to the materials crisis in the electric mobility transition

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8The power tariff fixed for imported coal by the government is inadequate and does not allow for the pass through of all costs
8So what the solution now for some of the generators in the business?

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8Coal India is looking at green-friendly coal ministry
8How far coal mining can be green remains a moot point however

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Jun 18, 2022: Fall in DOP prices

On June 18, 2022, Petrochem sources reported a fall in DOP prices in the Delhi market.

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MEG prices in the Mumbai market registered a fall today.

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Acetic acid prices registered a fall in the imported market of Mumbai.

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Petrochem sources from Delhi have reported a huge rise in octanol prices.

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MEG prices firmed up in Kolkata in anticipation of tight regional product avails and improved buying sentiments.

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On June 18, 2022, MX prices were pushed higher in the Kolkata market.

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On June 18, 2022, Petrochem sources reported a fall in gold prices in the Ahmedabad market.

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On June 18, 2022, silver prices were assessed lower in Delhi and Mumbai.

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Petrochem sources from Mumbai, on June 18, 2022, reported a cut in gold grade SGE morning session benchmark prices.

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