News & Bulletin Updates

8Daily prices are at the core of our website 

8We monitor different grades of chemicals mostly in Mumbai, Ahmedabad and Delhi as well as in other cities

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8Get the full list here, of all petrochemical prices as of today,

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A refinery tender concluded this week
And the website has arrived at the following conclusions:
8Clearly L&T is not giving up, despite around Rs 13,000 crore of recent orders from the Barmer refinery. It will continue to vie for more projects. Looks like it still has spare capacity.
8Petrofac is not giving up despite a sting of unsuccessful units. It shows a gritty determination to succeed. 
8Mega Engineering continues to remain hell-bent on finding a slot in the downstream sector. Clearly, it will not give up until it achieves the same success it has in the E&P segment (It bought up an entire rig company in Europe just so that it can bid and win India's largest order for rigs). This company can never be underestimated.

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8Which are the various provisions of the law under which atmanirbhar bharat is getting implemented for oil & gas companies?
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8Not everyone is convinced that the pipeline assets of oil companies can be hived off and monetized
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RIL is going ahead with its bidding process for more gas out of the KG Basin block
8There have been other developments too on this front
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8The pure tolling model for LNG degasification terminals has come under attack in India
 Find out this in turn has lead to the cutting of import duty on naphtha in the budget

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8The pure tolling model for LNG degasification terminals has come under attack in India
 Find out this in turn has lead to the cutting of import duty on naphtha in the budget

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There are two updates on fertilizer projects
NP (20:20:0:13) Fertilizer Expansion Project   
8Cost - Rs 220 crore
 Ammonia-Urea Energy Saving Project   
8Cost - Rs 250 crore

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A revision in caustic soda lye prices has been announced at Dahej.

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On February 4, 2021, acetonitrile prices slipped in the imported market.

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On February 4, 2021, methanol prices increased in the Mumbai market.

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On February 4, 2021, sulphuric acid prices increased in the Delhi market.

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

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A revision in methanol prices has been announced by Aegis.

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A revision in butyl acetate prices has been announced at JNPT.

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Feb 04, 2021: PP prices revised

Mangalore Refinery and Petrochemicals Limited  revises PP prices.

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Feb 04, 2021: EVA offers in India

SIP Chem and Hanwha have offered it's EVA in the Indian market.

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On February 4, 2021 slow buying activities were observed in the open markets of Chennai.

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On February 4, 2021 moderate buying activities were observed in the open markets of Ludhiana.

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PET prices in the domestic market were stable in spite of lower international prices.

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The international crude oil price of Indian basket was quoted at around $57.91 per barrel on February 4, 2021.

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After going through the fine print of the budget, it looks like it is a better deal for urea units than for the others
8There can be cash flow mismatches that can appear for non-urea units in the coming year

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8Not that the budget is over and the fine-print has been read, what is its impact on the oil & gas industry?
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Hydrogen fueled trucks will have the cheapest running cost per mile, way lower than battery trucks
8And to run these trucks, a hydrogen refueling setup will be needed, which will use hydrogen produced either offsite or onsite.
8All major vehicle manufacturers are in the middle of rolling out hydrogen trucks because of the fantastic cost advantages.
8One massive effort has been launched by none other than an Indian.
8Can this be the future model for India?
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