News & Bulletin Updates

8As the polymer sector prepares to achieve 2025 climate and recycling commitments, the European Chemical Industry Council (Cefic) has encouraged EU regulators to recognize the "mass balance chain of custody" in circular goods
8The chemicals industry association stated in a statement on January 10 that the mass balance strategy was "essential" to expediting chemical recycling and raising the recycled percentage of finished goods

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8The new Energy Bill Discount Scheme, which is valid for a year, has been welcomed by business leaders in the UK
8However, rivals are quite worried that they would receive far greater assistance, particularly those headquartered in Germany
8When compared to German steel makers, UK steel businesses are likely to experience a 63% increase in power costs this year as a result of the reorganized EBDS's discount for energy prices over £185/MWh

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8In order to quadruple capacity at its North American passenger vehicle tire production facility, Nokian Tyres has launched an expansion project for $174 million (€161 million)

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8Following a fire that started at the facility in December of last year, Nizhnekamskneftekhim (NKNH), a Sibur subsidiary in Russia's Tatarstan, has resumed rubber production

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Gas sellers have a difficult time too
8It is not just about putting up an advertisement and then waiting for buyers to queue up

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Here is an Indian company that is growing rapidly offering solutions to build bio-ethanol plants
8Its turnover now is in rupees thousands of crores

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The fertilizer industry is the largest consumer of gas
8And it is one industry that can consume gas at high price levels
8But this time around, with two big gas sale tenders, they are likely to exercise more caution than ever before
8And this is because they are constrained in more ways than one

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Vedanta is selling 2.8 mmscmd of gas. That is a large enough volume
8But know more on why is it likely to see less interest

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8MRPL is doing a bit of expansion
Find out what it is planning to do

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Urea Reactor (R1) and Carbamate Condenser Unit Revamp Project
8Cost: 200 Cr.
8Project Event: Daynite Engg and Contractors, Jyotsna Enterprises, Larsen & Toubro, and Shilpi Engineering are in the race for the supply of Urea Reactor and Carbamate Condensor, the technical bid has been opened and evaluation is still ongoing, Financial bid is likely to be opened in February 2023.
Single Super Phosphate Greenfield Project
8Cost: 10 Cr.
8Project Event: RFQ for the local contractor is likely to be released in February 2023.The company has elicited the environment clearance in August 2022, Discussion is ongoing

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Contractor names are important for midstream project vendors
Here is a list of contractors for the following midstream projects which are currently under construction
8Dobhi-Durgapur-Haldia Gas Pipeline (GAIL)
8Malkapur POL Terminal Project (IOCL)

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Jan 12, 2023: Daily import matrices

Get the daily updates for
8Chemicals
8Crude
8LNG
8Fertilizers
8Coal-Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update

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Acetonitrile prices have witnessed a steep fall in the Kolkata market.

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Cyclohexane prices has gained in the Kandla market today.

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Improved buying trends have led to an increase in ABS (article lumps scrap) prices in the Mumbai recycled market.

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On January  12, 2023, benzyl alcohol  prices were pushed much higher in the Ahmedabad market.

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A rise in demand has driven di calcium phosphate feed grade 17% powder  prices up in the Delhi market.

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Zinc oxide prices were assessed lower in the Mumbai market today.

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Petrochem sources reported a significant fall in tetrahydrofuran(laboratory) prices in the Delhi chemical market.

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Butyl rubber grade 301 prices were low in the Delhi market today.

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On January 12, 2023, Petrochem sources reported a fall in silver prices in the Mumbai market. The current price of silver in Mumbai went down from Rs.68854.25/Kg to Rs.68317.82/Kg, a fall of Rs.536.43/Kg.

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Rhodium prices have witnessed a considerable fall in the Mumbai market.

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On January 12, 2023, bright copper prices were assessed higher in the Delhi market.

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An increase in nickel scrap prices has been noted in Ahmedabad today.

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PGME prices are low in the Delhi market today.

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