8Shell's Hazira LNG terminal is finally reporting a new cargo after a break of a month
8This is a cargo coming in from Sabine Pass

Tenders are expected to come out for the following refinery units:
8CDU/VDU
8DHDT
8SRU

Nano Fertilizer Greenfield Project      
8Cost - Rs 119 crore
RFQ for the LSTK contractor is likely to be released in Q2 2021. 
DAP/NPK Greenfield Project  
8Cost - Rs 300 crore
8Project Event: Feasibility Studies are still ongoing. RFQ for the EPC contractor is likely to be released in April 2021

On February 11, 2021, Petrochem sources confirmed that SM prices have slipped in the Mumbai and Kandla market.

Our Petrochem analysts have reported buying trends in the Ahmedabad market as on February 11, 2021. 

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

The international crude oil price of Indian Basket was quoted at around $60.60 per barrel on February 11, 2021.

On February 11, 2021 PET price moved up in the Indian market.

On February 11, 2021, caustic soda flakes prices drifted lower in the domestic market of Delhi.

Reliance Industries Limited rolls over PVC prices.

A revision in PP and PE prices has been announced by IOCL.

PVC prices have been revised by RIL.

RIL announces a revision in PP prices. 

With the effects of the lockdown slowly disappearing, chemical imports are picking up speed.
8Earlier, vessel line-ups totalled up to less than 1 MMTPA but it is now over this mark
8And we are noticing vessel waiting in busy ports such as Mumbai and Kandla

8No one covers petrochemical prices like we do
8Here is today's grade wise coverage of petrochemical prices

8We provide accurate chemical prices
8Prices are based on information gathered from a cross section of the industry including producers, processors, traders and distributors

8One Liquid Ammonia shipment is coming up on 11 Feb 2021
8One Sulphuric acid shipment is coming up on 12 Feb 2021
8One Phos acid shipment is coming up on 20 Feb 202

8It looks like fertilizer overuse is not on the agenda of Indian government agencies

8A tender for the supply of potassium carbonate for an ammonia plant is coming up

8India's fuel consumption in January registered its first month-on-month decline in five months, as an uptick in global oil prices posed a roadblock to a gradual recovery in demand from the world's third-largest oil consumer.
8Consumption of fuel, a proxy for oil demand, fell to 18.01 million tonnes in January, which was 3.2 per cent below last month, and 3.9 per cent lower than a year earlier, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Tuesday.

Adani Gas, Torrent Gas, and now GAIL are on board
8That does not necessarily guarantee a secure future for IGX
8Does it?

Interestingly, Paradip refinery has vessels lined up for berthing later in the week
8But there are no vessels at berth for a few days now
Click on Reports for the crude import matrix for the day

As many as five LNG vessels are currently lined up for processing at GAIL's Dabhol terminal, taking advantage of the fair-weather window.
8Clearly, once the breakwater facilities are built by L&T, Dabhol will become a big all-year-round asset for GAIL.
8Ironically, all of India's LNG trade is confined to just two of the six active terminals.
8Either because of a faulty business model or on account of lack of demand or the unavailability of evacuation networks, four of the six terminals are without any LNG vessels to unload as of the moment. Curren JKM prices continue to remain too high for independent terminals like Shell's Hazira complex to come back to business again

On mere economics alone, gas use in India does not make for a compelling case.
8The average price of gas as it exists today is unaffordable in India.
8What is more, prices are not good enough to trigger an E&P investment to prop up gas supply domestically. Domestic production will pick up but later, once prices rebalance towards the mid 2020s
8This is are the startling findings of none other than the IEA
8The road to a gas economy is going to be long and arduous

An entire hydrogen-powered clean chemical city is coming up in the Gulf
8India can perhaps emulate this example?