News & Bulletin Updates

Top oil exporter Saudi Arabia has cut the supply of April-loading crude to at least four north Asian buyers by up to 15%, while meeting the normal monthly requirements of Indian refiners, refinery sources told Reuters on Friday.

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Oil prices edged up on Monday, with Brent drifting near $70 a barrel, propped up by output cuts from major producers and optimism about global economic and fuel demand recovery in the second half of the year.

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Gas firm GAIL (India) Ltd GAIL.NS expects to end overseas sales of the liquefied natural gas (LNG) it secures from the United States from 2023, as local demand rises with the commissioning of new fertiliser plants, a company official said.

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Southern Petrochemical Industries Corporation Ltd (SPIC) is entering a new growth era as the fertiliser company moved from high-cost naphtha-based production into natural gas-based operations, a move which will help company not only grow its topline, but also achieve sustainable profits going forward.

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Get complete data on sub-standard fertilizer supplies
8As also, prosecutions undertaken

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There is a big conversion taking place for a manufacturing unit from naphtha to gas
8And there is going to be an extra demand for gas

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Is China a rival that we cannot live without?
8The answer could well be "yes"

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8A neighbouring country is setting up a gas-based ammonia-urea plant
8The gas can perhaps only come from India

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8One Rock Phos shipment is coming up 17 March 2021
8One Sulphuric acid shipment is coming up on 18 March 2021
8One Phos acid shipment is coming up on 21 March 2021

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DAP Expansion Project 
8Cost - Rs 20 crore
SSP Expansion Project  
8Cost - Rs 15 crore

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8There is a urea tender currently ongoing

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8The complete price matrix of today's Mumbai chemical prices

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8A complete round-up of bulk chemical prices as of today

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On March 15, 2021, the purchase trend for ABS increased in the Mumbai market.

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On March 15, 2021 phenol prices increased in the Ahmedabad market.

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A revision in MDC has been announced by GACL.

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On March 15, 2021, VAM prices drifted down on the back of weakening demand and shortage of supply in the Kandla port.

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

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A fall in cyclohexane prices has been quoted in the Mumbai market.

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On March 15, 2021, ammonia prices went down in the domestic market.

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Toluene price increased in the Mumbai market on the back of high regional demand.

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Mumbai, Delhi, Ludhiana, and Ahmedabad markets witnessed a rise in plain PBT prices on March 15, 2021.

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Purchase trend for Nylon6 prices increased in the open markets of Mumbai, Delhi, Chennai and Ahmedabad on March 15, 2021.

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On March 15, 2021, the purchase trend for polycarbonate prices increased in the open markets of Mumbai, Delhi, Ludhiana, and Ahmedabad.

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A major producer from China is heard to have offered its PET (IV 0.80) in India.

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