News & Bulletin Updates

An Alpha Olefin C14 cargo is bring brought in by Payal Polyplast.
It is however a small 1000 tonne cargo coming in at Mundra.

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We carry here a wrap up of today's petrochemical prices
We monitor hundreds of petrochemical products, grade-wise and across geographies.
Find out more.

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A massive $1.2 billion ethylene and polyethylene plant has been commissioned.
And the first shipments were to India.

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Styrene is one of the many petrochemicals where demand appears to have been much stronger in 2020 than most people had expected.
What are the reasons for it?
Then again, 2021 will be a tough year for sellers of petrochemicals, as there will be uneven sectoral growth and it will be very important to figure out which segment will grow and which will stay stagnant.

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On January 21, 2021, phenol prices witnessed a rise in Mumbai.

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Prices for ethyl acetate have been revised at EX-Satyam. 

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Chloroform prices revised at Dahej.

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Prices for Methanol have been revised by Aegis.

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A revision in DEG prices has been announced at Hazira. 
On January 21, 2021, DEG prices were raised by Re.1/Kg with the new basic price being Rs.55/Kg.

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The international crude oil price of Indian Basket was quoted at around $56.19 per barrel on January 21, 2021.

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On January 21, 2021 PVC prices moved down in the Indian polymer market.

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On January 21, 2021, acetonitrile prices moved down in the imported market.

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On January 21, 2021, sulphuric acid prices moved up in the domestic market. 

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A price revision in PP and PE prices has been announced by OPaL.

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Get today's complete chemical bulk price matrix for Mumbai, here.

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The complete price matrix of the today's Mumbai chemical market.

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SABIC Innovative Plastics announces a hike in ABS resin prices to be sold in North America.

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INEOS Styrolution has announced a price increase in ABS grades to be sold across the US.

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Jan 21, 2021: PP, PE prices revised

IOCL revises PP, PE prices.

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Haldia Petrochemicals Limited has announced a revision in PP and PE prices. 

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According to domestic industry sources, Reliance Industries Limited has announced incentive scheme  amount of LDPE, LLDPE and HDPE for January 2021.

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RIL has done some price revisions for petrochemicals
Find out what they are

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81.06 million tonnes of assorted chemicals are slated for import in the coming days
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Both IOCL and HMEL take crude cargoes at Mundra
There are three carges lined up, and they are coming from:
8Yuum K'ak'naab
8Zirku Island
8Ras Tanura
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Ammonia-Urea Brownfield Project 
8Cost - Rs 4933 crore
8Project Event: The project has elicited cabinet approval. Still, discussions are ongoing for the finalization of plant size and equity share between JV partners, and this is likely to be finalized in March 2021
Ammonium Sulphate Expansion Project  
8Cost - Rs 9 crore
8Project Event: The evaluation is still ongoing, the proposal for the environmental clearance is likely to be granted in February 2021. RFQ for the EPC contractor is likely to be released in April 2021.

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