News & Bulletin Updates

Get the full chemical price matrix for today here.

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Looking at the current scenario, international offers for Indian ports and other price governing factors, it seems that Indian producers may announce revision in polymer prices.

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Our Petrochem analysts have reported a price increase for HDPE.

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On January 13, 2021, acetonitrile prices slipped in the imported market. This price fall was supported by weaker regional demand trends.

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Our analysts, after interacting with various sources and traders in the domestic market, have reported an increase in HDPE prices.

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This is a Rs 31000 crore capacity addition and petrochemical addition project
8Get the full details of the configuration here
8PFR report was prepared by in-house team and on the basis of which TOR was granted. Engineers India Limited (EIL) has been selected as the EIA consultant but due to COVID-19, there is no such progress in preparing the EIA report which also resulted in a delay for the project. The capital approval is still not granted by the board and it is expected by Q2:2021. RFQs for the PMC is expected after the grant of capital approval.
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Jan 13, 2021: Crude Oil overview

The international crude oil price of Indian basket was quoted at around $55.76 per barrel on January 13, 2021.

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On January 13, 2021, demand for acrylic was moderate and prices have been steady for the last week in the Indian market.

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On January 13, 2021, SAN prices were constant in Mumbai, Delhi and Ahmedabad.

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On January 13, 2021, mixed xylene prices increased in Delhi.

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On January 13, 2021 n-hexane prices moved up in the imported market.

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On January 13, 2021, acetic acid prices increased at Mumbai and Kandla port.

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A producer from South Korean is heard to have announced its offer for PVC.

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Jan 13, 2021: Phenol prices revised

HOCL announces a revision in phenol prices.

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The complete price matrix of the today's Mumbai chemical market.

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Get the complete chemical bulk price matrix for Mumbai here

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8GAIL is going to activate around 4.4 msmcd of new domestic gas supply within this financial year
Find out where this gas is going to go.

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The Shipping Corporation of India got a good credit rating
8But the company has now decided not to cooperate any more in getting a rating done

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All the limits are over now, and the oil & gas market is on fire
8Crude prices will continue to climb much higher, according to all estimates.
8This should come as music to Indian E&P players
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8With KG-D6 R cluster project has been completed, now that gas flows are at over 4 mmscmd already
8The project has many technological firsts.

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8Qatar and India have put together a team to identify specific oil & gas projects where Qatari investments can come in.
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Project Name: Numaligarh-Itanagar Greenfield Product Pipeline Project

8Project Cost: 470 crores
8Project Description: Numaligarh Refinery Limited (NRL) is planning to lay a product pipeline from Numaligarh to Itanagar with a capacity of 0.5 MMTPA in order to improve petroleum product supply in the North Bank of Brahmaputra. 

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As of today, we are tracking 6.2 million tonnes of crude coming into India in the next week or so.
8The waiting period has come down to normal in Paradip and Cochin.
8In Mumbai, where both BPCL and HPCL take in cargoes for their refineries, there are three vessels on wait.
8The crude is coming in from an assortment of terminals from around the world.

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1.08 million tonnes of chemicals are currently headed towards India.
8In all there are over 150 shiploads
8We are tracking all of them

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1.17 million tonnes of fertilizers is headed in.
The main receivers are
8Iffco
8GSPC
8Indian Potash Ltd
8MMTC
8RCF
8Coromandel Fertilizers
8Paradeep Phosphate Ltd
8Indorama

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