8The government has amended the Hydrogen Peroxide (Quality Control) Order, 2020
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Get a comprehensive update on the global petrochemical market
8What is going on at this juncture? 
8The PX and BZ spreads have narrowed
8Most olefin spreads have increased
8And the PVC to ethylene spread has widened too
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8In Nov’20, prices for key products such as Phenol, Benzene, Acrylonitrile, Butadiene, Toluene and Styrene jumped over 20% MoM in international markets. Rising container freight costs (~2x) on dedicated Asian routes due to a capacity crunch have pushed prices higher for certain chemicals.
8Freight costs within Asia are also likely to see an uptick in Dec’20 as carriers are prioritizing long-haul routes over shorter ones as a result of better economics.
8What is the outlook going ahead?

8A small cargo of DMF is landing on December 18 in India
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8In all two cargoes of acetic acid totalling up to 10000 tonnes along with IPA and BA in each shipment have unloaded two days ago
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8After RIL, MCPI Pvt Ltd is the largest importer of paraxylene in India.
8Find out how much is getting imported and from where
8Find out more about where these shipments are coming from

81497009 cubic metres of LNG is waiting to arrive at Indian terminal
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8Our chemical import tracker shows 1 million tonnes of assorted chemicals headed towards Indian ports

8While the Paradip refinery took a long time in sorting out its crude vessel line up problem, with a long vessel waiting time earlier as output adjusted to the lockdown, a line of waiting vessels is now noticed in Mumbai with BPCL's refinery there.
8Vessel waiting is a sign of sudden refinery stoppage, mostly an unplanned shutdown.

No one covers petrochemical prices like we do. Here is today's grade wise coverage of petrochemical prices.

Get the full chemical price movement for the day.

1.3 million tonnes of fertilizers is coming in over the next few days
Get the full matrix here. Who is importing and where is it coming from, and how much

What is the latest on IOC's Dumad Petrochemical project
8There were two packages, an N-Butanol package and a butyl acetate and acrylic acid complex
8One package may be slipping into a retendering stage while negotiations are on with the other.

Plug and play system that can plugged up to a gas turbine but will use hydrogen instead of gas is a big advancement
8The system comprises a photovoltaic system, an electrolyzer, a membrane compressor, a hydrogen storage unit, a fuel cell, pipes, and control units, and the assembly as a whole is connected to a gas turbine test facility.
8And it comes in two containers

There is still a fair amount of confusion over what is going on with the Rajasthan refinery, which is a massive Rs 40000 crore refinery-cum-petrochemical complex bidding process.
Here is an update in terms of bidders for:
8Packages already awarded
8Financial evaluation completed and LOI pending
8Technical evaluation completed, financial evaluation and LOI pending
8Under re-bidding
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EX-Satyam Group has announced a revision in its ethyl acetate prices.

As per reliable sources, MEG prices in Delhi market have been increasing since the last few days.

On December 16, 2020, Petrochem sources confirmed that phenol prices have slipped at Mumbai/Kandla port.

Get the most accurate chemical prices here, for the day.

8DCW is getting in a 4200 tonne cargo of VCM
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8Supreme Petrochem is getting in a 6200 tonne styrene monomer shipment 

8Base oil Aramco Ultra2 is being brought in by Pidilite Industries
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8Jubilant is getting in a cargo via BP from Kerteh
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8Crescent Organics is bringing in a 15000 tonne shipment of methanol
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8A 38000 tonne carbon black cargo is coming in for PCBL from Houston
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