News & Bulletin Updates

Feb 25, 2021: PP prices revised

MRPL revises domestic PP prices.

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

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IOCL announces an increase in its PE and PP prices with effect from February 25, 2021.

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

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GNFC Group raises aniline prices.

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A revision in PE prices has been announced by GAIL.

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OPaL has announced a revision in PP and PE prices.

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8The 10th National Awards for Technology Innovation in Petrochemicals & Downstream Plastics Processing Industry (2019-20) were declared yesterday
Find out who the winners were

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Find out more on why analysts are bullish on Vinati Organics
8Vinati operates in niche segments and has an exceptional product basket that holds a significant market share globally
8Hence, the company is able to generate significantly higher margins

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8Pengerang Refining and Pengerang Petrochemical, collectively known as PRefChem, is a joint venture formed by national oil companies Malaysia’s Petronas and Saudi Arabia’s Saudi Aramco
8This is a heavy duty partnership and needs to be watched carefully on how it pushes ahead with its ambitious plans

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Feb 24, 2021: News synopsis

8NRL awards propylene production contract to Lummus
8Edica-Garnett LLC, USA & KnowGenix, India form strategic alliance
8Manali Petrochemicals to triple its propylene glycol capacity
8Huntsman has announced the appointment of Ms. Gurmeet Kaur as the Head of Strategic Marketing for the Polyurethanes (PU) India sub-continent business.
8Techno Paints to set up new facility in Hyderabad
8IG Petro board approves PAN expansion project

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8Lords Chloro Alkali Limited: is listed on the BSE and is involved in the manufacture of chloro-alkali range of chemicals with a manufacturing plant at Alwar (Rajasthan)
8The company supplies its products to most of the paper, soap, plastic industries based out of Uttar Pradesh, Haryana, Rajasthan, Punjab and Delhi
8But find out why the outlook is negative

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8Arctic freeze last week led to a massive shutdown in the US
8It impacted 35% of US oil and 20% of US gas output, entire US LNG exports, 32% of US refining, and 10% of USethylene capacity
8Find out the implications are of all of these on petrochemical prices
Get a full analysis here

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8Here is today's grade wise coverage of petrochemical prices

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8Get the full chemical price matrix for today here

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8As of today, we are tracking around 9.23 lakh tonnes of chemical imports
8Get the full data here

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Chemical imports ahead at the Vizag port are confined to
8Sulphuric acid
8Caustic soda
8Toulene
8Phosphoric acid

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8Get the latest fertilizer import data, here
8Find out who is importing how much
8This is a daily import matrix that our team collects from different ports

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The Vadinar crude terminal brings in cargoes for both IOC and Nayara
Here is an assortment of crude coming in:
8Kuwait Export Crude Oil
8Labhuan
8Castilla
8Eocene/Ratawi
8Basrah
8Murban
Read for full details on who is importing how much and their arrival dates

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How many LNG shipments are lined up as of today for Indian terminals?
8Dabhol: 2
8Mundra: 1
8Dahej: 9
8Hazira: 1
8Ennore: 0
8Kochi: 0

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8With the global price of chemical fertiliser soaring to a seven-year high, Nepali farmers could be in line for a repeat of the 2020 fiasco when they suffered a severe shortage of the vital plant nutrients at the height of the paddy growing season.

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8MMCL has just brought in a molasses cargo

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8Jupiter Dyechem is the exporter of 3200 tonnes of methanol

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8Standalone RIL's plan to foray into green energy will be also be liked by investors, brokerage Nomura said in a note
8It said Reliance has indicated that it plans to build an optimal mix of reliable, lean and affordable energy using solar, wind and batteries

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The RIL presentation on O2C businesses is a great template for some of our public sector companies to follow
8The creation of a platform to attract global players is something OMCs can look at
It will need a lot of finetuning but it can clearly be adapted

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