Petrochem analysts after interacting with various market executives, have reported buying trends of the Chennai market as of February 24, 2021.

A revision in chloroform prices has been announced at Dahej.

According to domestic market sources, on February 24, 2021 PVC imported and RIL K6701 grade prices were raised.

On February 24, 2021, methanol prices were assessed lower at Kandla port.

PET price has moved up in the Indian market, on account of good demand conditions.

The international crude oil price of Indian Basket was quoted at around $63.9 per barrel on February 24, 2021.

BAM prices drifted down on the back of weakening demand and shortage of supply in Kandla.

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

MEG prices have been raised Aegis.

A producer from Taiwan is heard to have offered its PVC in India.

Acetic acid prices have been revised by GNFC Group.

A revision in acetone prices has been announced by SI Group.

The Kuwait Styrene Company (TKSC) has taken its SM plant off-stream.

RIL has announced X and Y scheme amount for February 2021.

SPL has announced a price revision in its PS prices.

8A big petrochemical teaching institute is getting renamed
8Is there any logic to it?

The following new projects are coming up:
8Expansion of a synthetic as well as organic chemical
8API manufacturing unit in Andhra Pradesh
8Expansion of an organic intermediates unit
8A new technical grade pesticide plant
8A formaldehyde unit
8A dyes and intermediates unit
8An ammonium nitrate manufacturing unit

8The Indian assisted port at Chabahar in Iran is to transform into a steel and petrochemical hub

8This is an industrial park where two companies are planning to pump in Rs 500 crore in chemical and petrochemical projects

8Halida Petrochemicals has drawn up very ambitious expansion plans
8Find out the latest on what is going on with the company

8India and Russia trade to double
8Chemical and petrochemicals to play a key role in this

8Iran is under sanctions from the US
8But nevertheless Iran is envisaging a big petrochemical boom

8Why does RIL think that is Repol H034SG grade is best for use in Oriented Film process.
8The company believes it is suitable for low thickness films and processing on high line speeds
8It is reported the material of choice for BOPP films used in adhesive tapes, food packaging, cigarette & textile overwraps, synthetic paper, etc

8Savita Oil Technologies Ltd has doubled its profits in Q3 compared to the same month last year
Find out more on why it is looking at an acquisition

8An MOU has to been signed between two companies to set up a big petrochem recycling plant
8Target is to eventually collect 1 MMT of plastics for recycling by 2030