8Container shipping prices have reached record highs some 18 months after the outbreak of the coronavirus pandemic which disrupted maritime logistics chains and drove demand sky-high.

8Oil prices fell on Monday, with Brent dropping after four days of gains, as investors and traders awaited crucial talks by OPEC+ following disagreement within the group that could lead to major producers pumping up volumes to grab market share.

8State-owned GAIL India Ltd is eyeing expansion in petrochemicals, specialty chemicals and renewables as it pivots a new strategy to expand the business beyond natural gas, its chairman Manoj Jain said.

8Anil Agarwal-led Vedanta Ltd to clock a profit of $7 billion (Rs 52,000 crore) for the ongoing financial year 2022 and has plans to increase production by 50 per cent with a Capex of $5 billion (Rs 37,000 crore) for the next three years.

With the all-round thrust on hydrogen now by big Indian companies, it is necessary to understand the hydrogen landscape better
8Here is a report that provides a lot of clarifications

 Evidence is now piling up of LNG prices firming up rather than going down
8What is this assumption based on?

8Even for those in the fertilizer industry, it is necessary to keep track of energy transition
8Find out more on what is actually getting done here, and what does the future hold for green hydrogen in India

8Essential Commodities Act amended to bring in new varieties of fertilizers

Ammonia-Urea Energy Saving Project
8Cost - Rs 250 crore
8Project Event: The feasibility studies are still ongoing, and they are likely to be completed in August 2021, RFQ for the LSTK contractor is likely to be re-released in September 2021.
Ammonia-Urea Expansion Project
8Cost - Rs 150 crore
8Project Event: The project has been elicited environmental clearance in Jan 2020, but due to a lack of funds the project is on hold, the project is likely to be active in October 2021. RFQ for the EPC contractor is likely to be released in Nov 2021.

8Technology helps in finding new sources of fertilizers that would reduce over-dependence on chemical fertilisers
8Find out more on what indian researchers are up to

Benzene prices have moved higher in the Kolkata market.

N-butanol prices moved higher today in the Kolkata chemical market.

On July 5, 2021, Petrochem sources confirmed that ortho xylene prices have slipped in Mumbai.

On July 5, 2021, acetone prices moved down in the imported market of Kolkata.

A drop in Octanol prices has been announced at Hazira.

Toluene prices have been revised at Hazira.

On July 5, 2021, naphtha prices moved up in NW Europe on account of positive buying trends in the region.

The international crude oil price of Indian Basket was quoted at around $74.99 per barrel on July 5, 2021.

On July 5, 2021, the Kandla market witnessed a rise in MX prices.

A cut in acetone prices has been noted at Kandla today.

A revision in chloroform has been announced at Dahej.

An increase in 2EHA prices has been noted in Kandla today.

On July 5 , 2021, trading sources reported a fall in methylpropanediol prices in Kandla.

A fall in imported POM prices in the domestic market of Delhi was noticed on July 5, 2021

On July 5, 2021, imported acrylic prices registered a rise in the Delhi market