8As new COVID cases surge, find out how the IFFCO MD is leading his company by example

8With Covid-19 infections continuing to climb, the economic outlook remains fraught with uncertainty.

The Ever Given container ship that has been blocking the Suez Canal has now been freed, maritime services provider Inchcape Shipping has said.

Oil prices fell on Tuesday as shipping traffic resumed through the Suez Canal after days on hold and attention switched to an OPEC+ meeting this week where the extension of supply curbs may be on the table amid new coronavirus pandemic lockdowns.

The slide in global crude oil prices on Monday gave hope for a similar fall in domestic petroleum prices.

The blocking of the Suez Canal by one of the world's largest container ships is likely to result in losses worth hundreds of millions of euros for the reinsurance industry, Fitch Ratings said, even as rescue teams were successful in partially refloating the vessel on Monday.

Saudi Arabia is prepared to support extending oil cuts by OPEC and allies into May and June and is also ready to extend its own voluntary cuts to boost oil prices amid a new wave of coronavirus lockdowns, a source briefed on the matter said on Monday.

Centre's move to allow the direct sale of ethanol as a fuel for compatible automobiles is expected to boost demand, said India Ratings and Research (Ind-Ra).

8One Urea Shipment is coming up on 01 April 2021
8Two Rock Phos shipment is coming up on 31 March & 1 April 2021

Ammonia-Urea Brownfield Project
8Cost - Rs 6000 crore
8Project Event: The procurement work is ongoing, RFQ for the Steam Generation Plant has been out and the bid due date has been extended from 25 March to 12 April 2021 due to technical amendments. 

Phosphoric acid Expansion Project 
8Cost - Rs 190 crore
8Project Event: The proposal for the term of references has been accepted and the final EIA report preparation is ongoing, proposal for the environmental clearance is likely to be submitted in April 2021.

8Pertamina has halted operations at its Balongan refinery.

8Shell Chemicals is in plans to take its butadiene unit off-stream.

8BOREALIS is in plans to start maintenance at its phenol and acetone plant.

8TPC Group is in plans to resume production at its butadiene plant.

8LG Chemical has halted production at its cracker following an unplanned outage.

8Formosa Chemical and Fibre Corp has started maintenance at its PTA unit.

The international crude oil price of Indian Basket was quoted at around $63.22 per barrel on March 30, 2021.

On March 30, 2021, aniline prices drifted lower in the imported market of Delhi.

On March 30, 2021, formaldehyde prices were assessed lower in the domestic market of Kolkata.

Deepak Phenolics announces a revision in acetone prices.

Iso Butanol prices have been revised at Hazira.

On March 30, 2021 price changes in HDPE and LLDPE in the Hyderabad polymer market were reported by our analysts.

Petrochem analysts have reported price changes in HDPE and LLDPE in the Jaipur polymer market on March 30, 2021.

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

Taiwanese producer, Formosa Plastic Corp, is heard to have announced its offer for PVC in India.