News & Bulletin Updates

8DCW Ltd just got a cargo of VCM
8Find out the tonnage and the port where it was delivered

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895770 tonnes of assorted chemicals are arriving at Hazira in the coming days
8Find out the break-up

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8OPaL brings in a cargo of butadiene
8Find out what the quatity is

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8A shipment of caustic soda is being brought in by Various
8The port where it is landing is Vizag

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8There are many low-volume base oil imports taking place at Mumbai port
8Check out what the volumes are over the next few days

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8A cargo of methanol has just landed
8Shipped in by Qatar Chemical

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8At least for the Indian market leader for Phthalic Anhydride, 2020 has not been a bad year at all
8The company's performance has been nothing but spectacular

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8Private equity firm decides to take over an Indian pharmaceutical company
8The focus of the company is in niche therapeutic areas, making specialty active pharmaceutical ingredients (APIs) and advanced intermediates

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8Axens has elicited the much-awaited LOIs for the Numaligarh refinery expansion project

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Should a domestic gas seller use the Platts West India Market (WIM) or the JKM as a yardstick?
8Different sellers have tried different yardsticks
8Faith in the JKM was shaken when it touched $30/MMBtu in mid-January

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Sulphate of Potash-Bromine and Captive Power Unit Expansion Project  
8Cost - Rs 500 crore
8Project Event: All the project activities are still on hold due to COVID-19, the project team has been made. RFQ for the LSTK contractor is likely to be released in May 2021

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The PESB has been headless for five months
8And all kinds of speculations are floating around
8Eventually though a decision may come about sooner than later, it seems

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The JKM had gone up over $30/MMBtu in mid-January
8The combination of very cold weather increasing demand, supply issues at a number of export plants, contracts running at maximum take, and the need to divert large volumes of cargoes from the Atlantic to the Pacific basins – principally US and Qatar cargoes – leading to constraints on shipping, all combined and resulted in a sharp increase in prices in a very illiquid market.
8However that is not the entire story.
8This is something that would not have happened in the US and European market
8So what really is intrinsically wrong with the JKM?

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The bottom has fallen out of the VLGC market.
8Earnings are below breakeven
8How did that happen?

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The industrial gas segment can gain a whole lot from Industry 4.0 tools, it seems
8The sector stands to increase EBIT margins by two to five percentage points
8This is a significant competitive advantage in an industry in which historical EBIT margins are a healthy 20 to 25 percent for major players

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Urea (Granular) and Captive Power Unit Expansion Project   
8Cost - Rs 700 crore
On hold for now, but will be active soon

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The US had shipped 91 LNG cargoes from the US to Indian in the February-December, 2020 period
8Get details of all these cargoes

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8Shell's Hazira terminal saw the offloading of a RIL LNG cargo from Qualhat sold by Oman LNG on February 15. The next cargoes are now slated to come in on February 21 and 23, from Sabine Pass and Qualhat
8Usually, scheduled cargoes are never canceled, so eyebrows went up when one of GAIL's Lake Charles LNG cargo to Dabhol was canceled. Looks like it got diverted somewhere else in mid-sea

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Paradip is currently the busiest port for fertilizer import
8Rock phosphate and sulphur imports are coming in for DAP plants run by IFFCO and Paradip Phosphate
8The shipments are coming in from Aqaba, Ras Laffan, Casablanca

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Get the latest update here in terms of
8Production
8Progress report on ammonia-urea projects

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Coromandel is not just looking at India
8it now has a global footprint and collaborations

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8New tender out for DAP imports

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Feb 18, 2021: MRP for DAP raised

8It is learned that a prominent supplier has raised the MRP for DAP
Find out by how much

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Petrochem analysts have reported strong buying trends in the polymer market of Bangalore.

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On February 18, 2021 the price of crude oil in the US Gulf increased to $61.14/barrel (FOB) as compared to $60.05/barrel registering a rise of $1.09/barrel.

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