8Toluene prices have dropped down in the Mumbai and Kandla market on the back of weaker regional demand trends.

8BAM prices have increased continuously this week indicating a shortage of supply accompanied by growing demand in the Kandla port

8BAM prices have increased continuously this week indicating a shortage of supply accompanied by growing demand in the Kandla port

8Acetic Acid prices have picked up today on the back of shortage of supply accompanied by growing demand in Mumbai and Kandla market.
8Trading sources have confirmed that acetic acid prices will maintain an upward trend this month.

8EVA prices have picked up in the Indian Polymer market, due to robust demand in the region.
8Increased demand from main end-users industries for EVA is the major reason for this price rise

8ABS prices in India are not likely to undergo any major change in the next close as demand for the raw material is expected to remain stable.

8The international crude oil price of Indian Basket was quoted at around $60.74 per barrel on Feb 12, 2021.

8According to our analysts, SAN prices have remained unchanged in Mumbai, Delhi and Ahmedabad due to soft demand patterns in the region.

8PVC prices in India have witnessed a price rise as a result of increasing demand
8Traders have confirmed that with demand increasing, prices are predicted to go further up in the coming week

8Due to soft buying trends in the Bengaluru market, HDPE, PVC and LLDPE prices remain unchanged from the previous close.

8Reliance Industries Limited and Haldia Petrochemicals Ltd have announced price revision for PP in India.

8Comprehensive and accurate, our daily petrochemical price updates are the best in the country
8Get the full petrochemical price movement for the day here

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8Get here today's comprehensive chemical prices

8A new Poly Vinyl Chloride (PVC) plant and a Polymer Modified Bitumen (PMB) plant is being proposed

8The government is expected to allow fertilizer, steel, and petrochemicals among other industries to use green hydrogen
8An incentive package will have to be worked out for industries to switch over
The plan is part of the proposed National Hydrogen Energy Mission

8Manali Petrochemicals posted a much higher profit in the nine months of this year than the last
8This disproves the claim that the segment has suffered during and in the aftermath of COVID

8The PET film industry is in constant churn. A lot of new capacity is going to be added globally
8Changing cost dynamics may result in closure/underutilization of older lines and there is a need for constant up-gradation in technology (10.6 mtr wide line) to remain competitive. Many players are stuck with mostly legacy assets for standard films
8In the midst of all this, one Indian company stands out

8Dhunseri Ventures Ltd has nearly doubled its profits

8As of today, we are tracking around 1.07 million tonnes of chemical imports
8Get the full data here

8We are tracking around 6.7 million tonnes of Crude import as of today
8Get the full data here, in terms of where the crude is coming and which refinery it is going into

8Shell's Hazira LNG terminal is finally reporting a new cargo after a break of a month
8This is a cargo coming in from Sabine Pass

Tenders are expected to come out for the following refinery units:
8CDU/VDU
8DHDT
8SRU

Nano Fertilizer Greenfield Project      
8Cost - Rs 119 crore
RFQ for the LSTK contractor is likely to be released in Q2 2021. 
DAP/NPK Greenfield Project  
8Cost - Rs 300 crore
8Project Event: Feasibility Studies are still ongoing. RFQ for the EPC contractor is likely to be released in April 2021

On February 11, 2021, Petrochem sources confirmed that SM prices have slipped in the Mumbai and Kandla market.

Our Petrochem analysts have reported buying trends in the Ahmedabad market as on February 11, 2021.