News & Bulletin Updates

Petrochem sources on June 7, 2021 reported that aniline prices are falling in the Mumbai market.

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On June 7, 2021, benzene prices moved lower in the imported market of Mumbai.

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On June 7, 2021, acetic acid prices moved down in the Mumbai market.

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Naphtha prices moved up in Japan and Europe on account of positive buying trends in the respective countries.

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The international crude oil price of Indian Basket was quoted at around $70.37 per barrel on June 7, 2021.

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8Catch here Mumbai's bulk chemical prices as of today

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8A round up of today's chemical prices in Mumbai

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Petrochem sources on June 5, 2021 reported that ethyl acrylate prices are falling in the Mumbai market.

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Ethylene dichloride prices moved higher today in the imported market of Mumbai.

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ABS (IM17A) prices were assessed lower in the Mumbai market today.

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The Delhi polymer market recorded a fall in SAN (2300) prices.

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POM Imported  prices have registered an increase in the polymer market of Delhi.

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ABS (HI121H) IM  prices have drifted down in the Delhi polymer market.

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An increase in polyamide (M28RC) prices in the domestic market of Delhi was noticed on June 5, 2021

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8Catch here today's bulk chemical prices prevailing in Mumbai

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8A round up of Mumbai's chemical prices as of today

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8Dyes
8Dye Intermediates
8Inorganic chemicals
8Organic Chemicals
8Agro Chemicals
8Essential Oils
8Castor Oil

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8Capacity is meant to go up significantly in five years
Find out by how much

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The appointment of a new CBI chief has some relevance in relation to the ensuing controversy over its investigation over the fertilizer-related issues.
8A new chief has settled in on May 25, 2021
8But is he going to be more than a "caged parrot"?

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The PESB could not select an ONGC chairman
8A search committee has instead been set up
8It looks like the government may end up paying market rates to get a professional at the helm

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Cochin has a total of 0.65 million tonnes of crude oil waiting to be offloaded
8There are as many as four ships in waiting
8There is an offloading constraint, company sources refused to comment on whether it was demand or mechanical failure-related issue

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That Shell's flawed business model is at work is evident from the fact that it had no business whatsoever in the winter, and now its terminal suddenly has quite a few cargoes lined up, mostly from GAIL and occasionally from RIL (which because it has cornered a significant volume of KG Basin gas is less dependent on imported gas).
8There is however a cancellation of cargo out of Dahej, which is rare and is perhaps indicative of the stress that the gas industry is undergoing due to COVID related demand issues in India

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RIL's standard ethane cargo is coming in on the 6th of June
8Cargo strength: 46,0000 tonnes

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You are looking at surface development work in an E&P field
8Here is some good work

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There is a demand for three cargoes of LNG coming up a month for a whole quarter
8But what the gas procurement process lags is transparency

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