On February 4, 2021 slow buying activities were observed in the open markets of Chennai.

On February 4, 2021 moderate buying activities were observed in the open markets of Ludhiana.

PET prices in the domestic market were stable in spite of lower international prices.

The international crude oil price of Indian basket was quoted at around $57.91 per barrel on February 4, 2021.

After going through the fine print of the budget, it looks like it is a better deal for urea units than for the others
8There can be cash flow mismatches that can appear for non-urea units in the coming year

8Not that the budget is over and the fine-print has been read, what is its impact on the oil & gas industry?
Find out more

Hydrogen fueled trucks will have the cheapest running cost per mile, way lower than battery trucks
8And to run these trucks, a hydrogen refueling setup will be needed, which will use hydrogen produced either offsite or onsite.
8All major vehicle manufacturers are in the middle of rolling out hydrogen trucks because of the fantastic cost advantages.
8One massive effort has been launched by none other than an Indian.
8Can this be the future model for India?
Click on Reports for more

Deals have been concluded and pricing benchmarks set for phos acid and MOP last week
8Prices have jumped
8DAP is now unaffordable at current MRP

We have identified three crude cargoes for Nayara
And they are coming from:
8Galveston
8Novorossiysk
8Basrah
So that is a wide range of crude grades

8Arcelor Mittal Nippon Steel India Pvt Ltd is bringing in a full cargo from the Fos Sur Mer LNG terminal
Ever since LNG prices had spurted, this is the first standalone private shipment sighted
8The company is also taking gas from RIL-D-6 block, so its frequency of LNG intake has come down
Click on Reports for more

This government is not known to liberal when it comes to doling out money.
8So what prompted the government to suddenly raise the subsidy this year for fertilizers?
Find out more on what the website found out

NPK Fertilizer Expansion Project 
8Cost - Rs 190 crore
8Project Event: The project has elicited environmental clearance in September 2019, Project activities are still on hold due to lack of funds, the project is likely to be activated in March 2021. RFQ for the LSTK contractor is likely to be released in May 2021
Single Super Phosphate Expansion Project  
8Cost - Rs 20 crore
8Project Event: The company has applied for a loan which is likely to be granted in March 2021. RFQ for a local contractor is likely to be released in April 2021

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

 8593595 tonnes of assorted fertilizers are expected to arrive at Indian ports in the next few days

8What kind of LNG cargoes are getting imported into India?
8And who is bring them in, and from where?

8We have the full data of crude oil coming into India
8This is imports coming in over the next few days

8Here is a bio-processing industry making waves not just in India but across the world
8It has business with all top global multinationals.

8It looks like real-life exhibitions are now going to take place as early as March 2021
Here is one bid one coming up.

8Margins are going to improve going ahead for Sudarshan Chemical Industries

8The Indian government is making an effort to develop the Indian toy industry at the expense of the Chinese toy industry which had a monopoly of sorts in India under the Atmanirbhar scheme
Click on Reports for more

How are the following key products behaving in the Asian markets this week:
8Mixed Xylenes
8Toulene
8MTBE
8Naphtha
8Ethanol
Click on Reports for more.

The rationalisation of the customs duty structure and review of old exemptions should be favourable for domestic chemical manufacturing and will address the issues of duty inversion faced by the sector
8Moreover, it will ensure better feedstock availability and encourage domestic value addition
8This should also help the sector benefit from the 'China+1' strategy adopted by global players, wherein there is increased focus on supply chain diversification
8This will help the domestic chemicals sector, especially the specialty chemicals sector. During the last one year, around 80 outdated duty exemptions were removed and the Government plans to review around 400 exemptions in the current year and rationalize the duty structure by October 1, 2021

On February 3, 2021 moderate buying activities were observed in the open markets of Bengaluru.

On February 3, 2021 slow buying activities were observed in the open markets of Indore.

On February 3, 2021 moderate buying activities were observed in the open markets of Jaipur.