RIL has announced a revision in its PTA prices.

IPCL revises MEG prices.

Hexane prices revised by BPCL.

A revision in toluene prices has been announced at Vizag. 

On February 2, 2021, caustic soda flakes  prices increased in the imported market.

On February 2, 2021, PA6 prices slipped in the domestic market.

Naphtha prices have been quoted to move up in Japan and Europe on account of positive buying trends in the respective countries.

On February 2, 2021, caustic soda flakes prices drifted lower in the domestic market of Delhi.

PAN prices have increased continuously this week indicating a shortage of supply with a growing demand in the indian market.

On February 2, 2021 slow buying activities were observed in the open markets of Delhi.

On February 2, 2021 slow buying activities were observed in the open markets of Mumbai.

According to domestic market sources, on February 2, 2021 PVC imported and RIL K6701 grade prices were assessed lower in the domestic market.

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

The international crude oil price of Indian Basket was quoted at around $55.18 per barrel on February 2, 2021.

The budget has tinkered around with the duty structure for chemical imports in quite a number of ways
8The customs duty on carbon black has been raised from 5 to 7.5%
8For builders ware of plastics, it has been raised from 10 to 15%
8There are also many other changes which were made
Click on Reports for more.

8Clearly, as per the budget announcement, there is likely to be large scale mergers and privatization in the oil and gas sector
8The contours of this policy will be evident in the months ahead

8Delhi is a durbar, and this is something that has not changed in the last 1000 years
8Find out how gas reforms were pushed through in the Union budget

8The fertilizer sector never had it so good as it has in this budget

8The budget allocation went up to a staggering Rs 133947 crore in 2020-21 under revised estimates from Rs 71309 crore, thereby eliminating all outstanding payments in the sector

8The allocation for the forthcoming year is pegged at Rs 79529 crore, which should take care of the running subsidy bills for the government

Click on Reports for more

Has global oil & gas major, Shell, got a different game plan for the Hazira LNG terminal?
8Now that the LNG terminal has been running dry for the last one month, with the next cargo coming up on February 23 next?
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8GAIL and HPCL, BPCL, IOC pipelines are to be monetized
8How will it pan out, how will that be done?

The main imports that we are tracking, among others, are:
8Base oil
8Methanol
8Paraxylene
8Phosphoric acid
8Sulphuric acid among dozens of other chemicals.

8A cargo of butyl acrylate is brought in by Berger Paints

8It is coming from Jiangyin

8A shipment of acetic acid is coming in
8The quantity is 5000 tonnes
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8Find out where Reliance is sourcing its EDC cargo from
Click on Reports to find out more

8OMPL is taping a shipment of benzene from Aramco Chemicals
Click on Reports to know more