News & Bulletin Updates

The RIL presentation on O2C businesses is a great template for some of our public sector companies to follow
8The creation of a platform to attract global players is something OMCs can look at
It will need a lot of finetuning but it can clearly be adapted

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India is talking of gas reforms.
8China is also in the middle of it
8What kind of lessons can India draw from China?

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ONGC gets an unremunarative gas price for most of its production
8But yet the company remains extremely bullish of the future, both in terms of eliciting higher prices and higher output

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8There were two DAP tenders in the running
8And the news is not all that good
Find out what the status is

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8In potash, a tender is live
8And a tug-of-war is on

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8Those getting Henry Hub-based gas in India will feel the pressure of higher prices
8GAIL has entered into long term deals in India based on HH pricing
8But prices are settling down now

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Sulphuric Acid and Captive Power Unit Expansion Project   
8Cost - Rs 300 crore
8Project Event: The project is still awaiting environmental clearance, the review is ongoing, the project is likely to elicit the environment clearance in March 2021, RFQ for the PMC contractor is likely to be released in April 2021
GSSP/GBSSP/GZSSP/GPG/BSP/BSG Expansion Project  
8Cost - Rs 48 crore
8Project Event: The proposal for the term of references has been granted, the final EIA report preparation is still ongoing. Proposal for environmental clearance is likely to be submitted in March 2021. RFQ for the EPC contractor is likely to be released in April 2021

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The year-on-year (YoY) performance of a majority of the early available economic indicators recorded a deterioration in January 2021 relative to previous month, led by a combination of factors such as the fading of the favourable base effect, supply-side issues and price hikes.
8As many as nine of the 15 high frequency indicators recorded weakening of their YoY performance in January 2021, relative to December 2020

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One man in India who can move global markets is the MD of Indian Potash Ltd, P.S. Gahlaut
8And what he has said has sent jitters down the global potash market

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

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Feb 24, 2021: PET prices revised

Dhunseri Petrochem Ltd (ASPET) has raised PET resin prices.

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RIL has announced a revision in PET resin prices.

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On February 24, 2021 polycarbonate (PC) prices saw an increased demand in the key polymer hubs in India.

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MTO prices in the Chennai polymer market have remained flat since last week.

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Cyclohexanone prices have been increasing on the back of strong regional demand trends.

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Caustic soda flakes prices inched up in the Delhi polymer market on the back of strong regional demand trends.

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Octanol price increased in Delhi on the back of high demand in the regional market.

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Caustic soda lye price increased in the Mumbai market on the back of increasing demand in the regional market.

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Shortage of supply accompanied by a growing demand has led to an increase in phenol prices in the Delhi market.

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Petrochem analysts, after interacting with various sources in the market and taking into account factors such as buying trends and product availability have announced price prediction for PP, PE, PS, PVC and PET.

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After talking to various market executives, our analysts have reported buying trends of the Delhi polymer market as of February 24, 2021.

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On February 24, 2021, the purchase trend for EVA prices increased by Rs.21-22/Kg in the open markets of Mumbai, Delhi, Chennai, Ahmedabad and Hyderabad.

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Petrochem analysts after interacting with various market executives, have reported buying trends of the Chennai market as of February 24, 2021.

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A revision in chloroform prices has been announced at Dahej.

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According to domestic market sources, on February 24, 2021 PVC imported and RIL K6701 grade prices were raised.

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