The LG Chemical incident at Vizag has thrown the spotlight on the hazards of he chemical industry.
8Vizag was followed by a series of major as well as minor chemical accidents across the country
8And the ministry of environment has been kept on its feet by court matters, RTI applications and grievances
8Those in the chemical industry must keep abreast of these developments.

Our daily price updates are comprehensive, and accurate. We cover more than sixty relevant chemicals in our daily updates.

8UFlex Chemicals is a known player in the market.
8It has now entered the sanitizer business in a big way

There are occasional attempts by Indian operators to sell petrochemical and chemical products scrumptiously to Iranian companies via front companies in the Gulf.
8But it is a very risky game as some companies in the Gulf have found out to their dismay.
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GAIL is a big player in the gas and petrochemical business. Here are some questions answered about the company
8What kind of petrochem margins is it witnessing
8At what level is its gas transmission business compared to last year
8What is it total capex for the next three years
8How many US cargoes were it able to handle and how many came to India
8What kind of new volumes will the Kochi-Mangalore pipeline handle

81497009 cubic metres of LNG is coming to India
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8A huge 11.5 million tonnes of crude are getting unloaded in India in the days ahead
8Get the full matrix

With business now focused in Asia, all of the world's major companies are now in India trying to do business.
8This is particularly true for the refining and petrochemical segment. Engineering companies are trying to get into the EPC space and those into engineering consultancies are trying to bid for as many projects as possible.
8So while project promoters complain of higher than estimated costs, this is not usually because of any death in competition but account of faulty estimates.
8The world's best companies are here.

With effect from December 17, 2020 GAIL announces a revision in PE prices.

On December 17, 2020 the international crude oil price of Indian Basket was quoted at around $50.85 per barrel. 

8In the refinery and petrochemical segment, India is likely to see a staggering 1.50 lakh crore over the next one to two year horizon.
8And these are all concrete projects.
8And while the timelines may have gone a little haywire because of COVID, all of them are likely to come up sooner than later.
8Get an update here in terms of value, project name, contract status, licensors, possible bidders and location.
(These figures are based on bottom-up data collected by a team of expert engineers for our project monitoring website and put here for the benefit of our readers in this website).

Naphtha prices picked up in Japan and Europe on account of positive buying trends in the respective countries.

On December 17, 2020, SAN prices in the Mumbai market were assessed higher.

IOCL revises polymer prices, with effect from December 17, 2020.

Reliance Industries Limited announces a revision in PE prices.

As per reliable sources, VAM prices in Ahmedabad market have been increasing since the last few days.

On December 17, 2020, Petrochem sources confirmed that SM prices have slipped in the Mumbai market.

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

On December 17, 2020, Petrochem sources confirmed that acetic acid prices have slipped at Mumbai port.

Here is a company taking advantage of the Make in India provisions to build a chemical intermediate base in India.
8It has procured clearances for as many as 70 products.
8That is quite ambitious indeed

8The government has amended the Hydrogen Peroxide (Quality Control) Order, 2020
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Get a comprehensive update on the global petrochemical market
8What is going on at this juncture? 
8The PX and BZ spreads have narrowed
8Most olefin spreads have increased
8And the PVC to ethylene spread has widened too
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8In Nov’20, prices for key products such as Phenol, Benzene, Acrylonitrile, Butadiene, Toluene and Styrene jumped over 20% MoM in international markets. Rising container freight costs (~2x) on dedicated Asian routes due to a capacity crunch have pushed prices higher for certain chemicals.
8Freight costs within Asia are also likely to see an uptick in Dec’20 as carriers are prioritizing long-haul routes over shorter ones as a result of better economics.
8What is the outlook going ahead?

8A small cargo of DMF is landing on December 18 in India
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8In all two cargoes of acetic acid totalling up to 10000 tonnes along with IPA and BA in each shipment have unloaded two days ago
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