News & Bulletin Updates

8Reliance Industries Ltd. has warned that a global recession can hurt oil refining margins, flagging the possibility of more pain ahead after the owner of world’s largest refining complex posted a lowerthan-expected profit.

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8The unstable world energy market, volatile prices, uneven supplies may have repercussions on India’s energy security.

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8India’s crude oil imports in Q1FY23 rose 17% on year to 60.2 million tonne (MT) as refineries stepped up processing to meet higher domestic demand for petroleum products including diesel.

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8Shares of Reliance Industries fell 4 per cent in morning trade on Monday after the company's June quarter earnings failed to enthuse investors.

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8Crude oil futures traded lower on Monday morning following the apprehensions over the economic slowdown in several economies and its impact on the demand for fuel.

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8US aerospace company Jaunt Air Mobility has decided to set up a final assembly unit for eVTOL (electric vertical takeoff and landing) air taxis in India before the end of this decade.

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8Investors with a moderate risk appetite and investment horizon of two-three years can use any correction in the stock of Gujarat State Chemicals and Fertilisers (GSFC) to accumulate the stock. GSFC is a leading producer of fertilisers – urea and complex fertilisers (phosphatic fertilisers) – and several industrial chemicals such as caprolactam, melamine and cyclohexanone. It is the largest maker of caprolactam and melamine in the country.

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Petrochem sources reported a massive fall in styrene monomer prices in the Ahmedabad chemical market.

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On July 25, 2022, Petrochem sources confirmed that ortho-xylene prices had risen in the Ahmedabad market.

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On July 25, 2022, Petrochem sources reported a fall in butyl cellosolve prices at the Kandla market.

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Petrochem sources from Mumbai have reported a huge rise in MMA prices.

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Ethylene dichloride prices have increased in the Hazira market.

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Cyclohexanone prices were assessed lower in the Kandla market.

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EPDM grade 6405 prices have escalated in the Mumbai market, today.

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On June 25,2022 Petrochem sources reported a fall in nickel salt prices in the Ahmedabad market.

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Manganese sulfate prices were assessed higher today in Mumbai.

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On July 25, 2022, Delhi witnessed a fall in copper rod prices.

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On June 25, 2022 Petrochem sources reported a fall in electrolytic copper rod prices in the Delhi market.

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Caprolactam prices have witnessed a huge fall in the Delhi market.

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Prices of zinc ingot witnessed a sharp decline in Mumbai today.

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Zinc oxide prices were up in the Ahmedabad market today.

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Dichloromethane prices were assessed lower in the Mumbai market today.

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Petrochem sources reported a significant fall in isobutylene prices in the Mumbai chemical market.

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A sharp cut in recycled PP injection molding prices was announced in  Delhi today.

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On July 25, 2022, Petrochem sources reported a fall in scrap titanium prices in the Mumbai market.

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