News & Bulletin Updates

8The ongoing nationwide strike by unionised truckers in South Korea are forcing several producers in the petrochemical hub of Ulsan to consider production cuts amid logistics disruption

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8Hanwha Solutions to become the largest shareholder of Norway-based U.S. polysilicon manufacturer REC Silicon, bringing total investment to $204 million and ownership share to 21.34%

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8Technip Energies will carry out a FEED to convert wood waste to renewable biodiesel

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8Venezuela and Iran are intensifying their relationship involving the petrochemical sector
8What is the politics behind it

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8New eco-friendly synthesis method uses alumina as a recyclable catalyst

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Jun 13, 2022: Bulk DEA requirement

8Requirement of bulk “Denatured Ethyl Alcohol (DEA)" has come up for an Ethyl Acetate Plant

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8What is Grasim Industries gameplan for the future?

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Jun 13, 2022: Rs 1000 crore club

8Gulshan Polyols Ltd has entered the Rs 1000 crore club

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8Kumho Petrochemical plans to appoint Chairman Park Chan-koo's oldest son, Senior Executive Vice President Park Jun-kyung, as the new executive director next month in an apparent attempt to accelerate a family succession

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Jun 13, 2022: Daily import matrices

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8Chemicals
8
Crude

8LNG
8Fertilizers
8LPG
8Ammonia

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The price bids for the high-cost RHCU unit at IOC's Panipat refinery has been opened
8And the L-1 bidder quoted very aggressively

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Megha had once quoted Rs 900 crore lower than the L-2 bidder to grab a refinery project
8Now it is quoting Rs 1600 crore higher than the L-1 bidder
So what really has changed with Megha?

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8The power ministry has nothing much to offer for gas-based generators

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Indian refiners are directly negotiating with Russian companies
8Traders are being sidestepped
8Also, India is lapping up large volumes of Russian crude now, up to a third of its demand, at heavy discounts

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Cyhalothrin 95%  prices witnessed a significant fall in the Mumbai market today.

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Spirodiclofen 95% prices were much higher in the Delhi market today.

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Manganese sulfate prices were assessed lower in the Mumbai market.

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Chromium metal prices witnessed a huge fall in the Mumbai market.

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Petrochem sources from Ahmedabad have reported a rise in sodium tripolyphosphate prices today.

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A significant hike in secondary lead  prices in the Mumbai market was recorded today.

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On June 13, 2022, Petrochem sources reported a fall in 65 brass offcut prices in the Ahmedabad market.

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Butyl acetate prices moved higher today in the Kandla chemical market.

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Tight supply coupled with high demand has raised SM prices in the Hazira market.

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Robust demand has lifted BGE prices in the Kandla market. High demand has led to the price rise.

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Mixed-xylene isomer prices are slowly increasing in the Kandla port.

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