On January 16, 2021, acetonitrile  prices drifted down on the back of weakening demand and shortage of supply.

BAM prices have increased today indicating a shortage of supply with a growing demand in the Kandla port.

Prices for cyclohexane have been revised by GSFC.

A revision in acetone prices has been announced at Dahej.

Prices for MEG have been revised by Aegis.

Chloroform prices revised at Dahej.

On January 16, 2021 imported phosphoric acid prices edged lower in Delhi.

On January 16, 2021 butyl cellosolve prices moved up in the imported market.

IOCL restarted its 340,000 MT/year PP unit
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We are tracking 0.79 million tonnes of fertilizer imports
The main importers are
8MMTC
8IPL
8IFFCO
8Coromandel
8Paradip Phosphates
8Indorama
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Paradip Phosphates and IFFCO are unloading cargoes of
8Sulphuric acid
8Phosphoric acid
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8A three-company combine is bringing in a cargo of methanol
8Find out which are these companies
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8MRPL is bringing in two shipments of paraxylene
8They are coming in from BP Singapore
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Grasim brings in:
8 Methanol
8 Paraffin Wax
This is coming from Sabic
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8NEOS Styrolution India Ltd brings in 5247 tonnes of styrene monomer from Samsung
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8Payal Polyplast is bringing in a large cargo of chemicals from Sasol in South Africa
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The current imports by RIL are:
8Benzene
8Paraxylene
8Orthoxylene
8Ethylene
The quantities are large
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There is a lot of turmoil in the market.
8Asian gas prices have shot through the ceiling
8The spread between naphtha and end products has narrowed considerably as feedstock prices rise.
8In the midst of all of this upheaval, imports of chemicals seem to have come down
8We are currently tracking just about 89 lakh tonnes of cargoes.

JBF Industries Ltd increases PET prices.

We are tracing a total of 6.7 million tonnes of crude imports.
8Where is this crude coming from?
8Who is importing them and in what quantities?
8What kind of processing speeds do we notice at ports for these cargoes?
8Are there any terminals in which vessels have to wait for offloading their cargoes? What causes these backlogs, is it because of shutdowns, then are these shutdowns planned or unplanned?
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It is really a sad testimony to private sector enterprise in a key segment of the Indian economy, the gas segment.
8The Hazira LNG terminal, owned by none other than multinational Shell, does not have a single LNG vessel lined up for delivery as spot prices have risen so high that cargoes at Hazira have dried up or have been diverted elsewhere.
8It has been now left to public sector entities like GAIL and Petronet LNG to carry the onus of feeding India's industry, which is more than 50% dependent on imported LNG.
8"We have not canceled a single MMBtu of gas to our clients, " a top GAIL source told this website.
8Shell on the other hand had a tolling business model around its LNG gasification terminal, based on spotor short term cargoes. So when the going got tough, the cargoes just disappeared into thin air.
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RIL announces a revision in PET resin prices.

A revision in PET resin prices has been announced by Chiripal Group.

Dhunseri Petrochem Ltd (ASPET) raises PET resin prices.

8Coronavirus has hit the petrochemical sector as badly as it had other industry segments.
8But a survey of employees working in the sector shows that the situation may not be as bad as was first anticipated for job opportunities and salary hikes
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