Should a domestic gas seller use the Platts West India Market (WIM) or the JKM as a yardstick?
8Different sellers have tried different yardsticks
8Faith in the JKM was shaken when it touched $30/MMBtu in mid-January

Sulphate of Potash-Bromine and Captive Power Unit Expansion Project  
8Cost - Rs 500 crore
8Project Event: All the project activities are still on hold due to COVID-19, the project team has been made. RFQ for the LSTK contractor is likely to be released in May 2021

The PESB has been headless for five months
8And all kinds of speculations are floating around
8Eventually though a decision may come about sooner than later, it seems

The JKM had gone up over $30/MMBtu in mid-January
8The combination of very cold weather increasing demand, supply issues at a number of export plants, contracts running at maximum take, and the need to divert large volumes of cargoes from the Atlantic to the Pacific basins – principally US and Qatar cargoes – leading to constraints on shipping, all combined and resulted in a sharp increase in prices in a very illiquid market.
8However that is not the entire story.
8This is something that would not have happened in the US and European market
8So what really is intrinsically wrong with the JKM?

The bottom has fallen out of the VLGC market.
8Earnings are below breakeven
8How did that happen?

The industrial gas segment can gain a whole lot from Industry 4.0 tools, it seems
8The sector stands to increase EBIT margins by two to five percentage points
8This is a significant competitive advantage in an industry in which historical EBIT margins are a healthy 20 to 25 percent for major players

Urea (Granular) and Captive Power Unit Expansion Project   
8Cost - Rs 700 crore
On hold for now, but will be active soon

The US had shipped 91 LNG cargoes from the US to Indian in the February-December, 2020 period
8Get details of all these cargoes

8Shell's Hazira terminal saw the offloading of a RIL LNG cargo from Qualhat sold by Oman LNG on February 15. The next cargoes are now slated to come in on February 21 and 23, from Sabine Pass and Qualhat
8Usually, scheduled cargoes are never canceled, so eyebrows went up when one of GAIL's Lake Charles LNG cargo to Dabhol was canceled. Looks like it got diverted somewhere else in mid-sea

Paradip is currently the busiest port for fertilizer import
8Rock phosphate and sulphur imports are coming in for DAP plants run by IFFCO and Paradip Phosphate
8The shipments are coming in from Aqaba, Ras Laffan, Casablanca

Get the latest update here in terms of
8Production
8Progress report on ammonia-urea projects

Coromandel is not just looking at India
8it now has a global footprint and collaborations

8New tender out for DAP imports

8It is learned that a prominent supplier has raised the MRP for DAP
Find out by how much

Petrochem analysts have reported strong buying trends in the polymer market of Bangalore.

On February 18, 2021 the price of crude oil in the US Gulf increased to $61.14/barrel (FOB) as compared to $60.05/barrel registering a rise of $1.09/barrel.

On February 18, 2021, mix xylene prices increased in the Ahmedabad market.

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

MTO prices are increasing in the Chennai market.

Methanol prices have picked up in the Ahmedabad market.

Prices for cyclohexane have been revised by GSFC.

A revision in MTO prices has been announced by BPCL.

A revision in ethyl acetate prices has been announced by GNFC Group.

A revision in OX prices has been announced by RIL.

A revision in benzene prices has been announced at Vizag.