News & Bulletin Updates

May 14, 2021: Rise in MEG prices

MEG prices have increased in the imported market of Mumbai.

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Deepak Phenolics has announced a revision in Acetone prices.

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ABS (HI121H) imported  prices have drifted down in the Ahmedabad polymer market.

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On May 14, 2021, ABS (MIF45) prices were assessed lower in the Delhi market.

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Acrylic (imported) prices have drifted down in the Delhi market.

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On May 14, 2021, POM (imported) prices increased in the Ahmedabad polymer market.

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ABS imported (HI121H) prices have increased in the domestic market of Mumbai.

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A sharp rise in cyclohexane prices in the imported market of Mumbai was noticed today.

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On May 14, 2021, cyclohexane prices moved higher in the domestic market of Mumbai. 

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On May 14, 2021, acrylonitrile prices moved lower in the imported market of Mumbai.

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A revision in C9 solvent prices has been reported at Kandla.

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NPAC prices have been reduced at Kandla.

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Prices for Styrene Monomer have been revised at Hazira.

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Prices for aniline were quoted lower in the Kandla market today.

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Octanol prices have fallen sharply at Silvassa.

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Deepak Phenolics announces a revision in phenol prices.

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On May 14, 2021, BGE prices increased at Kandla port.

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Methanol prices have been revised at Hazira.

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A revision in ethyl acetate prices has been announced at Ex-Laxmi.

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C9 Solvent prices have increased in the imported market of Mumbai.

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On May 14, 2021, Acetic acid prices moved lower in the imported market of Mumbai.

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A fall in benzene prices in the imported market of Mumbai was noted on May 14, 2021.

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Ortho-Xylene prices moved higher today in the imported market of Mumbai.

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From a usual volume of around 1 MMT of inventories always lined up for deliveries into India, chemical imports inventory that we are tracking are at around 87 lakh tonnes
8This is a reasonably sharp fall

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There is crowding of bidders around  Sulphur Recovery Units in refienries, it is claimed
8The SRU is the simpler of the refinery units, and it has been noticed that power sector players like BHEL and ISGEC are at the forefront here when it comes to bidding
8But there are many pitfalls in such a strategy
8And driving down costs, like ISGEC reportedly did, could be detrimental to the bidder

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