Mar 08: 8Payments to offshore vessels hired outside India from a non-resident (for global usage) would be taxable in India under section 44BB, to the extent they are utilised for prospecting mineral oil in India.
8This is an important ruling

This is a global offshore rig player with a big exposure to India
8And it claims the future has just arrived

Plastic waste takes years to decompose and harms the environment severely. For years, efforts have been made to recycle plastic to minimise harm and environmental degradation. In a similar attempt, a plant has been constructed in Uttar Pradesh that converts plastic waste to fuel.

8One Rock Phos shipment is coming up on 10 March 2021
8Two Sulphur shipment is coming up on  11 & 12 March 2021
8One Phos acid shipment is coming up on 24 March 2021

There was a lot of hype over trading of gas in India
8But has it come to much?
8What does the data shows

SSP-Sulphuric Acid & NPK Fertilizer Expansion Project  
8Cost - Rs 75 crore
Single/Triple Super Phosphate Greenfield Project 
8Cost - Rs 30 crore

8ONGC is meant to produce an extra 3 mmscmd of gas from its KG-DWN-98/2
8When is the due date?

This has come as quite a surprise
8An ammonia-urea plant is coming on stream ahead of its scheduled time

8Our website carries grade-wise, producer-wise, city-wise updation of all petrochemical prices on a daily basis
8Thousands of prices are monitored every day and daily changes are carried out wherever needed

8We have the largest coverage of chemical prices in India
8We are the only website providing ground level data on chemical prices

A fluctuation in VAM prices has been noticed in the polymer market of Kandla.

The international crude oil price of Indian Basket was quoted at around $67.05 per barrel on March 08, 2021.

On March 8, 2021, caustic soda flakes prices went down in the domestic market of Ahmedabad.

MTO prices have increased today in the Ahmedabad market.

Styrene Monomer prices increased today indicating a shortage of supply with a growing demand in the Ahmedabad market.

On March 8, 2021, acetone prices increased in the Ahmedabad market.

Sulfuric acid prices inched up in Delhi today, on the back of strong regional demand trends.

On March 8, 2021, MEG prices drifted down on the back of weakening demand and shortage of supply at Mumbai Port.

Shortage of supply accompanied by a growing demand has led to an increase in BGE prices at Kandla port.

The Mumbai polymer market witnessed a rise in BDGE prices.

On March 8, 2021, formaldehyde prices increased in the Ahmedabad market.

On March 8, 2021, phenol prices were assessed lower at Kandla port.

Mumbai and Kandla polymer market witnessed a decrease in methanol prices today.

Brunei Methanol Co has brought its methanol plant on-stream early this week.

Huntsman resumes production at its maleic anhydride unit in Germany.