On February 6, 2021, styrene monomer prices increased in the Mumbai market.

On Feb 6, 2021, MX prices increased in the Mumbai market.

A revision in ethyl acetate prices has been announced by GNFC Group.

Phenol prices have increased continuously this week indicating a shortage of supply with a growing demand in the Mumbai market

RIL is importing the following in the next few days
8Benzene: 20000 tonnes
8Paraxylene 41000 tonnes
8Ethane: 46000 tonnes

8The LNG market has been upended by what happened to JKM prices.
8And buyers are now rushing back to long term contracts but seeking different terms

8A Sabine Pass cargo is coming into Shell's Hazira terminal but only on February 22, 2021
8Till then it is a dry run
8Meanwhile, during the fair-weather window, GAIL is flogging its Dabhol LNG terminal as much as it can by pushing as many cargoes as possible through it
8Currently, except for one GAIL cargo, all others are lined up at Dabhol

8The Adani-GSPC combine's Mundra LNG terminal is running at 40% capacity.
8But that is not deterring Adani from going ahead with further LNG plans.
The Adani Group is going ahead with the development of an Outer Harbour plan, involving the construction of 19 new berths
Of this 17 will be multipurpose cargo berths and 2 berths will be for LNG/Cryogenics

The Nayara refinery-cum-petrochemical awards were meant to have happened by January, 2021
8We are stepping into February
So what is holding them up?

8Phosphoric acid cargo lands in Goa
8It has been brought in from Jorf Lasfar
Find out the tonnage

8A small shipment of toluene is expected at Ennore
Find out the quantity

8Haldia port will see an assorted range of chemicals coming in over the next one week.
8And these will include: paraxylene, benzene, CBFS, LAB and MEG

8RIL has two shipments of paraxylene/orthoxylene coming in
8Total cargo strength is 41000 tonnes

8RIL has two shipments of benzene coming in
8This is coming in within a space of 4 days

8A small cargo of normal paraffin is expected today

8Sesa Sterlite is bringing in 12000 tonnes of methanol

8A cargo of caustic soda has come in
8Brought in by NALCO

8A Cargo pf sulphuric acid is being imported by FACT
8It is coming from Putian

Benzene shipment in Sikka
8A shipment of benzene lands in Sikka
8One more shipment expected on the February 7

The largest Indian project for CO2 capture along with hydrogen generation and subsequent conversion to methanol has been launched.
8It is a concept to completion model, involving finding as well
8The project, once it fructifies, will have far-reaching implications for India

8The Oil Ministry has put on hold a plan to bifurcate state-owned gas utility GAIL (India) Ltd so as not to dilute the firm's ability to finance the massive infrastructure building plan, a top official said on Thursday. GAIL is India's biggest natural gas marketing and trading firm and owns 60 per cent of the country's 26,284-km gas pipeline network, giving it a stranglehold on the market.

8Nitrogen release into the atmosphere is a problem
8But scientists are looking at simple solutions to get that down

8Bulk DAP requirement coming up

Get the latest outlook on the fertilizer sector
8What does it look like in the months ahead?

Urea Revamp Project    
8Cost - Rs 700 crore
8Project Event: The Pre-Qualification for the LSTK contractor has been out and the discussions are still ongoing. It is likely to be finalized in March 2021 in place of February 2020