News & Bulletin Updates

8The trade war with the USA, the Corona crisis and the ideological convictions of state and party leader Xi Jinping have pushed the issue of “self-sufficiency” to the top of the political agenda
8This will benefit the petrochemical sector in China

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8It was the petrochem division that stole the show for GAIL as seen from its Q-3 performance report
8The petrochemical segment has benefited from highest-ever utilisation level at 114%

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8We are currently tracking 1.05 million tonnes of chemical cargoes

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8One Ammonia Shipment is coming up on 25 Feb 2021
8One Rock Phos Shipment is coming up on 23 Feb 2021
8One Sulphur Shipment is coming up on 18 Feb 2021

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MRPL has two cargoes of crude coming in (end-of-the-week data)
8One from Zirku Island and the other from Ras Tanura
8Paradhip refinery's current cargoes are originating from a wide variety of sources: Mexico, Massango terminal, Galveston, Okono and Agbami

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More LNG cargoes are now headed towards India after JKM prices have settled down to more realistic levels
8End-of-last-week data shows 2570840 cubic metres of gas headed in

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This is the lean season for fertilizer imports
8Even so we are tracking over 6 lakh tonnes of cargoes made up mostly of rock phosphate and sulphur, also MOP

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8Another 4.5 mmscmd of gas has been put up for sale

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Petronet LNG's revenue is way lower in Q-3, 2020-21 than the same quarter last year
8Even so, it posts a larger profit as expenses are way lower as it squeezed employee benefits. Financing costs are down too
8So margins have gone up
Also, what is the capex guidance for PLL now that the company is going up to 22.5 MMTPA capacity?

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Private ownership uniformly produces superior performance. Just sell the PSUs to private ownership and be done with it
8Statements of this sort are common in public discourse. As we have seen above, these are little more than ideological preferences
8They have little basis in empirical fact
8The reality is rather more complex

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For the Indian government, the virus seems to be on its way out
8Everyone has been told to attend office, without exception
8All public sector officers will concurrently have full attendance, we have been told

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8Despite improvement in its matrices, the aviation industry continues to be in turmoil.
8Find out why

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8Find out why a tiredness of sorts has settled in when it comes to Nayara's projects

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Nagarjuna is fighting a grim battle for survival.
8With court battles on and with creditors seeking other partners, the Rajus are fighting their toughest battle so far to keep the company from going under

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Ammonia-Urea Energy Saving Project     
8Cost - Rs 380 crore
8Project Event: The project is still on hold due to a lack of funds, the project is likely to be activated in April 2021. RFQ for the LSTK contractor is likely to be re-released in May 2021.

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8Ammonia prices go up globally
8Find out why

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8Potash mining in India?
8Is that possible?

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8Get the full petrochemical price movement for the day here

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8A wrap-up of all chemical prices in India
8Get it all here for the day

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A Saudi Arabian producer is heard to have offered its LLDPE in India.

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A producer from Saudi Arabia is heard to have offered its HDPE film and blow moulding grade in India.

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A revision in PPCP prices has been announced by HPCL.

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RIL raises PP deemed export prices.

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According to domestic market sources, on February 15, 2021 PVC imported and RIL K6701 grade prices were assessed stable in the domestic market.

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On February 15, 2021, the purchase trend for EVA continued to remain soft in the open markets of Mumbai, Delhi, Chennai, Ahmedabad and Hyderabad.

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