8Price updates of Mumbai chemical market as of today

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

Toluene prices have picked up in Mumbai on the back of strong regional demand trends.

Methanol prices have picked up today on the back of shortage of supply accompanied by a growing demand in Ahmedabad.

On February 17, 2021, Petrochem sources confirmed that SM prices have slipped in the Kandla market.

Sulphur  prices have increased continuously this week indicating a shortage of supply with a growing demand in the Delhi market.

On February 16, 2021, caustic soda lye prices increased in the Mumbai market.

A petrochemical project is coming up with the following ingredients:
8Poly vinyl Chloride (PVC) Plant
8Polymer modified bitumen (PMB) Plant,
8Gas Storage Terminal
8LPG Bottling Plant
8Gas Based Captive Power Plant
8Sea Water Desalination Plant

Process Air Compressor Greenfield Project   
8Cost - Rs 347 crore
RFQ to be re-released
Phosphoric acid Expansion Project   
8Cost - Rs 130 crore
Construction start-up in May

8Gas has been fully charged by the GAIL pipeline right up to the Matix ammonia-urea plant at Panagarh near Durgapur, West Bengal.
8So when is the plant going to start producing urea?

Our analysts have reported buying trends in the Mumbai polymer market as on February 16th 2021.

Here is a brief price trend analysis of the Delhi Polymer market as of 16th Frbruary 2021

Here is a brief overview of the Ahmedabad petrochem market as of February 16th 2021.

Methanol prices have picked up in Mumbai on the back of strong regional demand trends.

The demand for Acrylic was reported to be moderate and prices have been  steady for the last week in the Indian market.

Our analysts after taking into account the market scenario have given price predictions  of polymers in the Indian domestic market.

The international crude oil price of Indian Basket was quoted at $62.88 per barrel on Feb 16, 2021.

PET prices in the Indian domestic market were reported to be stable in spite of low International prices.

A Taiwanese producer is offering PS GPPS grade and HIPS grade in India on a CIF Nhava Sheva Port basis.

A Saudi Arabian producer is offering PP raffia and injection grades on a CIF Nhava Sheva Port Basis.

A Chinese producer is offering its PET resin (IV-0.89) grade  for a February 2021 shipment.

A South Korean producer is heard to have offered its PVC LS100E grade and PVC LS100H grade in CIF Nhava Sheva Port, Mundra and Chennai.

8Find out more on what one of the world's largest refining and petrochemical giants is going to go to net zero
8What are the assumptions on which French multinational Total is going green?

8An auction of coke chemical and benzol products is coming up

8The first half of last year had an adverse impact on the chemical sector in India
8The chemical supply chain was drastically disturbed
8But this segment was quick to make a recovery