Get the full chemical price matrix for today here. 

Here are the highlights:

8OPaL undertakes planned shutdown

8IOCL halts production at HDPE plant

8Hyosung Corp brings its PDH unit on-stream

8Formosa Plastics starts maintenance at ACN plant

8Qatar Petrochemical eyes maintenance at LDPE unit

8Petronas to start Methanol production

8Zagros Petrochemicals shuts No. 1 Methanol plant

On January 11, 2021 phosphoric acid prices moved up in the imported  market.

As per our reliable domestic market sources, phosphoric acid prices may increase in the coming days.

On January 11, 2021, ethyl acetate prices drifted down on the back of weakening demand and shortage of supply.

On January 11, 2021, styrene monomer prices increased at Kandla port.

On January 11, 2021, Petrochem sources confirmed that MIBK prices have dropped in the Mumbai market.

On January 11, 2021, Petrochem sources confirmed that benzene prices have slipped in the Mumbai market.

The international crude oil price of Indian basket was quoted at around $54.74 per barrel on January 11, 2020.

On January 11, 2020, demand for polyvinyl chloride was moderate and prices have been steady for the last week.

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

On January 11, 2021, phosphoric acid prices moved up in the domestic market.

A producer from Vietnam is heard to have announced its offer for PET resin bottle grade.

GAIL had announced a revision in resin prices.

MRPL raises PP prices.

On January 9, 2021, slow buying activities were noticed in Kanpur polymer market.

On January 9, 2021, Acetic Acid  prices drifted down on the back of weakening demand and shortage of supply.

On January 9, 2021, methanol prices increased at Mumbai/Kandla port.

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

Billion Vietnam is heard to have announced its offer for PET resin in India.

Here is a private sector field operator who claims to be sitting on  a massive 34 TCF of commercial recoverable gas reserves. The discovered reserves are at around 5 TCF, it is claimed
8But the operator is being stymied from going to its full capacity by one important handicap

The number of pending director level PSU appointments is getting larger as the government has not yet appointed a chairman to head the Public Sector Enterprise Selection Board.
8What is the government thinking on this subject?

The website believes that the fertilizer companies in India must move quickly towards smart fertilizers and smart agriculture.
8Given high emissions levels from chemical fertilizer use and rapid technological developments, the fertilizer sector may get upended by new players.
8Just like the advent of the electric car, technological advancements can create a lot of disruption, and fertilizer companies must stay prepared.
8Here is an example of a leading global fertilizer player tying up with pure technology company for synergy

NPK-TSP-GSSP Greenfield Project
8Cost - Rs 100 crore
8Project Event: The project activities have been active, EIA studies are ongoing, the proposal for the environmental clearance is likely to be submitted in Feb 2021. RFQ for the PMC contractor is likely to be released in Q1 2021
Phosphoric Acid Greenfield Project 
8Cost - Rs 10 crore
8Project Event: The proposal has been accepted by SEAC and the proposal for the environmental clearance was submitted to MOEF in June 2018. The procurement work is ongoing and construction is likely to be started in Q1 2021.

8There is a 18000 tonne paraxylene cargo that is coming into Sikka
8Find out who is bringing it in