An Iranian producer is heard to have offered its ABS injection grade.

A producer from Iran is heard to have announced its PS offer in India.

A producer from Iran is heard to have announced its PS offer in India.

On January 14, 2021, MEK prices moved down in the Ahmedabad market. 

On January 14, 2021, MIBK prices slipped in the imported market.

HPL and GAIL raise HDPE BM grades prices.

A price revision in PP and Pe has been announced by OPaL.

IOCL has announced a price revision in PP and PE prices with effect from January 14, 2021.

RIL raises HDPE GPBM, MBM and  wire & cable grades prices.

Reliance Industries Limited has announced a revision in PVC prices.

Reliance Industries Limited raises HDPE BM grade prices.

A revision in PP prices has been announced by Reliance Industries Limited.

GAIL revises HDPE BM prices.

The global gas market is in a complete tizzy
8A January 2021 cargo was sold by Exxon at ~$35/MMBtu or >$200 boe. This is an unheard-of rate
8Then again, on January 11, 2021, an al time high JKM price of $28.2/MMBtu was established.
8Japanese power prices are at $400/MMbtu, a scale never seen before.
8The arbitrage opportunities between Henry Hub and Asian prices is incredibly massive, and GAIL can make the biggest killing ever, except for the fact that most of its US cargoes are already fully tied up
8The US cargo value is a mere $10.8 million and by the time it reaches Asia the value goes up to a massive $112.8 million.
8A cargo can yield an arbitrage of an incredible $100 million. 10 cargoes and you make a billion dollars. This is unbelievable economics.
8PLL can very well take its oil price linked cargoes out of RasGas and sell it at JKM rate and make a whole lot more money than it can by processing that cargo through its Dahej terminal. This looks like a once in a lifetime opportunity.
8LNG cargo rates have hit the ceiling too. With that kind of arbitrage available, the spot cargo rate is close to 0.5 million a day.
8European storage levels have plummeted given the huge arbitrage available between European and Asian prices.

The line-up of LNG vessels coming into India suddenly looks far shorter than before.
8Why is that so?
8It is quite possible that spot cargoes have completely dried up, now that spot rates are at $20/mmbtu.
8And only term cargoes, at crude linked or Henry Hub linked pricing, are coming in.
8According to studies made, Indian appetite for absorbing incremental gas at large enough volumes is at a price range of around $6-7/mmbtu, beyond that point, its appetite wanes.
8At $20/mmbtu JKM price, there will be zero buyers for gas.

Click on Reports to know more

India centric crude tonnage we are currently tracking is at 6.5 million tonnes.
8The only port where vessel waiting is seen is at Paradip at the moment.
8Two vessels are on wait and our data is not showing unloading at the port at this moment.

Find out more

India imports a wide variety of chemicals.
8From paraxylene to acetic acid to benzene to butadiene to methanol to sulphuric acid to hexane to base oil to caustic soda to styrene monomer to ethanol.
Click on Repports to know more on India's chemical matrix

8What is the final cost arrived at for the Panipat refinery?
8And when is capital approval likely?

Customized Blending Unit for NPK Fertilizer & Ammonia Storage Tank Greenfield Project  
8Cost - Rs 90 crore
8Project Event: The project is on hold due to the company's internal issues. It is likely to activate in Q1 2021. RFQ for the Contractor is likely to be released in Q1 2021
NPK-SSP & Sulphuric Acid Expansion Project  
8Cost - Rs 15 crore
8Project Event: RFQ for a contractor is likely to be released after the environmental clearance. The public hearing has been completed but environmental clearance is due and valuation is ongoing, It is likely to be elicited at the end of Jan 2021 in place of December 2020. RFQ for the EPC contractor is likely to be released in February 2021

Two good and inexpensive supply chain conferences are coming up, all virtual
8One is on how blockchain technology can help
8And the other is on using IOT for supply chain optimization
Click on Reports to know more

8Two caustic soda shipment arriving in Vizag

8The quantity is 47,994 tonnes

8Find out to know more

8After RIL, MCPI Pvt Ltd is the largest importer of paraxylene in India.
8Find out how much is getting imported and from where

8A small cargo of hexane/MMA has landed yesterday

8The quantity is 1650 tonnes

Click on Reports to find out more

8Aramco is bringing in 6000 tonnes of benzene
Know more

8Finolex has two cargoes coming in
8One of EDC
8One of VCM