News & Bulletin Updates

Kolkata Petrochem sources reported a rise in styrene monomer prices.

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A revision in BGE prices has been announced at Kandla.

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On May 15, 2021 cyclohexane prices fell in the domestic market of Delhi.

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On May 15, 2021 acetonitrile prices increased in the Ahmedabad chemical market.

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On May 15, 2021 acetonitrile prices moved higher in the Kolkata chemical market.

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Sulphuric acid prices have increased in the imported market of Kolkata.

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On May 15, 2021, Acetic acid prices moved lower in the imported market of Mumbai.

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On May 15, 2021, acetone prices were quoted higher in the Mumbai chemical market.

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A revision in Iso-Butanol has been announced at Hazira.

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NBA prices have been revised at Hazira.

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A fall in BAM prices in the imported market of Kandla was noticed on May 15, 2021.

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May 15, 2021: Fall in VAM prices

On May 15, 2021, Petrochem sources reported a fall in VAM prices in the Kandla port.

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On May 15, 2021 ACN prices were quoted higher at Kandla port. 

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On May 15, 2021, the Kandla market witnessed a rise in phenol prices.

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An increase in butyl acetate prices has been announced at Hazira.

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Ethyl Acetate prices have been revised at Ex-Satyam.

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A revision in methanol prices have been announced at Hazira.

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On May 15, 2021, the Kandla market witnessed a rise in NBA prices.

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A revision in ethyl acetate prices has been announced at  EX-Jubilant.

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On May 15, 2021 benzene prices fell in the domestic market of Mumbai.

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Ortho-xylene prices were assessed higher today in the imported market of Mumbai.

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RIL has announced an increase in MEG and DEG prices.

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The Indian petrochemical wave is about to begin
8And here is some very wise advise on how to ride this wave
8Pricing excellence can provide 2 to 5 percent improvement in the top line, and this needs very intelligent work
8A zero-based approach is highly effective to drive leaner organizational costs
8External spend on materials and services across the value chain represents more than 70 percent of the total P&L cost for petrochemical players. So strategic sourcing is important
8Digital-led improvements in manufacturing and supply chain operations present the biggest area of opportunity
8Working capital optimization represents another opportunity to derive value.
8With the upcoming wave of investment in petrochemicals, players need tight capex management to ensure in-budget and on-time completion of projects.
An elaboration of the above advisories and for other pearls of wisdom: Obtain it all here

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"The next 10 years will be the most exciting decade India's petrochemical industry will ever see," said Kamal Nanavaty, president of India's Chemical and Petrochemicals Manufacturers' Association,
8Find out more on why he says so

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8COVID may have hit many Indian companies hard
8But it was also a time of great opportunity as as is evident from IPOs brought out by some
8So COVID was fantastically good for some and not so good for others

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