News & Bulletin Updates

8Catch today's Mumbai chemical prices, here

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8A complete round-up of bulk chemical prices as of today

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Sulphuric acid price increased in the Delhi market today on the back of high regional demand.

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8The website carries a detailed coverage of petrochemical prices
8Get the full petrochemical price movement for the day here

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8We provide accurate chemical prices
8Get the full chemical price matrix as of today

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8Get the complete details of all chemical imports into India in the coming days

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82.98 million cubic metres of LNG imports coming in
8Petronet has three cargoes lined up

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86.91 million tonnes of crude oil is currently under import

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Hazira LNG terminal is currently reporting two cargoes for this month
8One is meant to unload on March 21 and the other on March 25
8There is a cargo each in Cochin and Mundra as well
8As usual, Dahej is the busiest terminal

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8Is it too late in the day for LNG dispensation stations to come up?
8Unlike with China, India may have actually missed the bus
8Find out why that may be so

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Shares of Deepak Fertilisers and Chemicals hit a 30-month high of Rs 248.50, up 6 per cent on the BSE in intra-day trade on Wednesday after the promoter increased its stake in the firm via the open market. The stock was trading at its highest level since September 2018. In the past one month, it has zoomed 56 per cent as compared to a 3.3 per cent decline in the S&P BSE Sensex.

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8One Phos acid shipment is coming up on 20 March 2021.
8One Sulphuric acid shipment is coming up on 28 March 2021.

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Oil prices are unlikely to mount a dramatic and sustained surge despite vaccines expected to boost demand later this year, the International Energy Agency (IEA) said on Wednesday, with the world still awash in oil.

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Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook.

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Dutch oil storage company Vopak wants to build an LNG import terminal in Australia's Victoria state, vying with five other proposed projects to fill a looming gas supply gap in the country's southeast.

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The approval of ethanol production promotion policy, 2021 by the state cabinet on Tuesday received a largely positive response from the trade and industry bodies as well as farmers of the state. Experts said the policy will help reduce pollution by promoting Ethanol Blended Petrol (EBP).

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The Brazilian government has authorized the local unit of energy company Royal Dutch Shell to import liquefied natural gas (LNG) from several countries into the Brazilian market, according to a notice in the official gazette on Wednesday.

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The market for moving oil across the world’s oceans is currently so bad that owners of the industry’s biggest supertankers are actually subsidizing the delivery of cargoes.

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India’s state refiners are considering purchasing fewer barrels from Saudi Arabia in May after the OPEC ignored New Delhi’s call for higher supplies to calm international crude oil prices.

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Indian Oil Corporation (IOC) on Wednesday entered into a collaboration with Phinergy, an Israeli start-up company specialising in hybrid lithium-ion and aluminium-air/zinc-air battery systems, to form IOC Phinergy Private Limited.

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Ammonia-Urea Brownfield Project  
8Cost - Rs 6000 crore
Active tendering is on, find out who are in the race for different packages.
Ammonium Nitrate Greenfield Project     
8Cost - Rs 1750 crore
8Project Event: Environmental clearance came in September 2018. Still, the internal discussion is ongoing, RFQ for the EPCM contractor is likely to be released in May 2021.

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A rank outsider is now trying to storm not just the downstream market but the midstream market as well.
8And this is causing some anxiety among the contractor community
8But clearly, this company is unwilling to give up until it makes an entry

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On March 17, 2021, the Delhi market saw a rise in ABS (HI121H) prices.

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The Chennai polymer market witnessed a decrease in C9 solvent prices today.

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On March 18, 2021, IPA prices drifted down in the Mumbai market.

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