Acetic acid prices have picked up in the Ahmedabad market on the back of strong regional demand trends.

On February 26, 2021, phosphonic acid prices went down in the imported market.

The international crude oil price of Indian Basket was quoted at around $65.7 per barrel on February 26, 2021.

BAM prices have increased today indicating shortage of supply with the growing demand in Kandla port.

Shortage of supply accompanied by a weaker demand has led to increase in MTO prices in the Delhi market.

On February 26, 2021, methanol prices were assessed lower at Kandla port.

A fluctuation in mix-xylene prices have been noticed in the polymer market of Delhi.

A producer from Vietnam is heard to have offered PP in India.

Phenol prices have increased in the Kandla port.

PAN prices have picked up on the back of shortage of supply accompanied by a growing demand in the Mumbai market.

Shortage of supply accompanied by a growing demand has led to an increase in toluene prices in the Kandla and Mumbai market.

8Are toluene manufacturing margins going up?
8If so why?

8The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), rose 1.0% in February on a three-month moving average (3MMA) basis following a 1.8% increase in January

8A big US MEG manufacturer has declared a force majeure
8This has implications for the market

8Gujarat Alkalies and Chemicals Ltd's Q3 profits were lower than that of the previous year
8Lockdown and aftermath has hit the caustic soda industry adversely
But things will look up from here on

8A Production Linked Incentive (PLI) Scheme for Pharmaceuticals for the current year has been announced

Some product prices are scaling new highs, particularly in China.
8The Asian Methyl Methacrylate (MMA) CFR China marker hit the highest on Feb.23, 2021
8Then again, China PTA futures hit a new one-year high.
8The market is going nowhere but up, it seems

High chemical and petrochemical prices may have dented imports
8The volumes we are tracking now are lower than the usual levels

86.29 million tonnes of crude imports coming up

The cargoes currently lined up at PLL are originating from:
8Soyo (three cargoes)
8Ras Laffan (four cargoes)
8Sabine Pass

The current importers of fertilizers into India are:
8Kribhco
8Iffco
8IPL
8RCF
8Jyoti Biz House Pvt Ltd
8Indorama
8Paradeep Phosphates

Gas production projections decade wise up to 2050 in relation to other Asian countries have come in
8India's production relatively stays within a very narrow band

Here is a sample gas e-bidding document
8This is now a standard document
8Just in case you have not seen one
Also, get a sample GSA that RIL is signing up with new customers

8The deal for the purchase of Konkan LNG and the sale of GAIL's shares in Ratanagiri Gas and Power Pvt Ltd is all done

Sulphuric Acid/DAP/NPK/Ammonium Sulphate Expansion Project     
8Cost - Rs 550 crore
EPC contractor RFQ in May, 2021
SSP Expansion Project   
8Cost - Rs 21 crore
8Project Event: The project is under environmental clearance, RFQ for the local contractor is likely to be released after environmental clearance, which is likely to be elicited in Q2 2021