OPaL announces MoU linked scheme amount for January 2021.

Benzene prices were assessed higher on February 8, 2021.

On February 8, 2021 MEG prices were assessed lower in Asia.

Open spec naphtha bid prices for 2H of March was quoted higher on February 8, 202

A South Korean producer is heard to have offered its PVC in India.

A producer from Vietnam is heard to have offered its PET in India.

8We are currently tracking 1.08 million tonnes of chemical imports

8Billionaire Mukesh Ambani's Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes, sources said.

8Get the full list here, of all petrochemical prices as of today

8The website brings you prices prevailing as of today, for chemicals, collected by our team from across the country

Lean season in the fertilizer sector means that bulk urea cargoes are not coming in now.
8Mostly MOP and rock phosphate cargoes are arriving

The website is currently tracking 7.7 million tonnes of crude oil transportation to India.
8A benchmarking study is needed among various refineries to understand the transportation efficiency
8While a pricing analysis will need full pricing data, transportation and scheduling efficiency using only the vessel waiting time at unloading port can throw up some interesting results
8The website will do this at some point in time

8Reports have it that Nayara had indeed notified the preferred bidders for their recent crop of refinery-cum-petrochem projects
8No LOIs have come through, it is learned

The EPC business is going through a tough patch globally.
8In  India too, many EPC companies had come in, prospered for a while, and then faded away
8And the field has now narrowed down to a handful of players in the oil & gas space
8Clearly, this business is not for the faint-hearted

Gujarat Gas has rolled back the discount given in the fist half of 2020 to its largest demand base, the Morbi ceramic cluster
8But the rollback was rescinded in December and a price rise was imposed in January after alternate spot LNG based supplies dried up
8All of this has however not dented demand
8One new ceramic cluster in fact is now coming up

8Two Rock Phos shipment is coming up on 10 & 13 Feb 2021
8One Phos acid shipment is coming up on 10 Feb 2021

This is one private sector fertilizer plant that funded its $914 million expansion via a  3.5:1 debt-equity ratio. The incremental gas demand was one additional cargo a month.
8The investment was risky and no other private sector entrepreneur was willing to take the risk
8But business is all about taking risks, and this one seems to have paid off handsomely

There are two ammonia projects coming up
8One is brownfield
8The other is greenfield
8Contractor requirements are expected to come up by April in each, according to our analysts

LNG cargoes coming into India has got restricted in the aftermath of the massive surge in spot prices
Cargoes are now coming in from:
8Ras Laffan
8Sabine Pass
8Das Island
8Soyo (one cargo for BPCL)
8Qalhat (one cargo for GSPC)

8Know more on why conventional petrochemical plants using fossil fuels will eventually have a limited life span
Renewable energy-based plants will eventually take over

8If you are a pure chemical and petrochemical trading company, there is a lot of space to grow in India
8And here is this company that can serve as an inspiration to others
Know more

8This Indian company wants to put up a phthalic anhydride (PA) plant
Know more

8Propylene prices are reaching record highs
But can these high prices be sustained?

8Astral Poly Technik is one company that gained from the lockdown
Find out how

8What does the high spread between styrene-butadiene-rubber and butadiene mean for the market?
8What are the implications?