8PU has been steady this fortnight, keeping near-term trading quiet. Compared with six months ago, the tone is softer even though the latest levels have not shifted recently.

8PA66 was unchanged this week, with trading staying tightly held compared with recent months. 

8PA6 is up Rs 5/kg over the past month, even as the weekly picture stayed flat. The latest value is still well below mid-year levels, keeping the broader view softer.

8POM fell Rs 7/kg this week, extending a softer run seen through the past month. The latest level is now close to the weaker end of the last three months.

8Phenol is down Rs 5/kg over the past six months, but it has added Rs 1/kg this week. The domestic market has been steady for most sessions, with a small late lift.

8MIBK is steady compared with three months ago, and this week’s movement was flat. 

8MEK is down Rs 2/kg over the past month even after a largely steady fortnight. Late-week softness pulled the market under a prior level, shifting the tone modestly lower.

8Cyclohexanone is up Rs 3.50/kg over the past fortnight and is holding that gain into mid-December. 

8Cyclohexane was flat this week after easing Rs 3/kg over the past fortnight. 

8Toluene is steady compared with three months ago only in direction, not in pace: the level is now materially higher than early-quarter markers. 

8Ethylene Glycol Monoethyl Ether Acetate has fallen Rs 8/kg this week, marking the clearest move in the current set. 

8Benzyl Alcohol is lower than last year by Rs 42/kg, keeping the broader tone clearly softer

8Ethanol is higher by Rs 6/kg compared with three months ago, but the most recent sessions have been steady to slightly softer

8Caprolactam has eased Rs 2/kg this fortnight, shifting the market below a prior level it held through early December. 

8Acrylic Acid is up Rs 1/kg over the past month, and the market has kept a firm tone without sharp swings. 

8Ortho-xylene has barely moved over the past fortnight, keeping price signals clean for short-term decisions

8Octanol is lower by Rs 14.25/kg compared with six months ago, but it has stopped moving in recent sessions

8Get exclusive access to today's complete price matrix from the Mumbai chemical market
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8Here's what's happening today in the E&P, midstream-downstream, and CGD section

8Project Name: Sundargarh and Jharsuguda District City Gas Distribution
8Project Cost: Rs 250 crore Click here for more details

8Project Name: Sundargarh and Jharsuguda District City Gas Distribution
8Project Cost: Rs 250 crore Click here for more details

1) Andamans: OIL wants certainty over risk
8This is because the company  has figured out that the cost of wrong depth can dwarf the consulting fee for more nuanced data when it feeds drilling locations.
 
2) Andaman offshore acid treatment and fracturing bid bakes in same-rate extensions and tight mobilisation gating
8Oil india limited is asking for offshore stimulation capability, but the real story is how the contract is engineered to preserve client optionality without repricing.
8The mobilisation clock and fixed-rate extension logic quietly decide which stimulation spreads can even compete on risk-adjusted terms.
8The GeM wrapper’s governance stack adds another filter—one that could redraw the bidder pool even before the first stage-design discussion begins.
 
3) Latest corrigendum tightens option and invoice levers for offshore well testing 
8Oil India Limited’s offshore well testing package is being reshaped more by contracting levers than by hardware lists.
8A 25% option band and a platform-enabled “excess settlement” mechanism quietly redraw who carries volatility when call-outs stretch or scope swells.
8The real story sits in what the corrigendum changes—and what it still leaves commercially undefined.

1) ONGC moves to monetize preserved Sagar Pragati topside compression and power modules via as-is disposal
8ONGC is putting a rare, near-complete offshore processing block on the table, but the real barrier is not the equipment—it is the buyer’s execution competence.
8The document quietly shifts logistics and loadout complexity onto bidders, setting up a capability filter long before the price fight begins.
8The later tender’s evaluation rules will decide whether this becomes a redeployment windfall or a discount-driven disposal.
 
2) ONGC onshore assets rate contract award signals aggressive pricing for ROU acquisition and statutory clearances amid a sharply split bidder curve.
8ONGC’s onshore rate contract for ROU acquisition and statutory permissions is being priced like a schedule-risk derivative, not a routine survey job.
8The bottom three bids sit in a tight band, while the tail prices in a radically different view of administrative friction and liability.
8The award points to a bidder subset that believes it can industrialise CA-interface execution across states without margin collapse.
 
3) Tender cancelled: ONGC hard chrome plating services for rig equipment
8The tender’s real pressure points sit in how it constrains the vendor pool and hard-shifts transit and custody risk before any item leaves the yard.
8What triggered the cancellation—and whether the promoter will re-issue with softened participation mechanics—stays the unanswered signal.
 
4) Oil India Ltd’s integrated HSE services tender for in-house workover rigs is structured for a 23 December 2025 extension trigger
8Oil India Ltd has wired a one-shot 7-day auto-extension into a GeM two-packet bid for integrated HSE management across its in-house workover rigs.
8The SOW is not a light safety-consultant hire: it is a compliance production line spanning HIRA, industrial hygiene, ergonomics phases, and NABL-coded testing cycles.
8The real story is what these control levers and deliverable density imply about participation risk, vendor pool shape, and how far OIL is willing to operationalise HSE governance.

1) ONGC CCTV LSTK tender for three work centres extended to 24 December 2025
8ONGC’s three-site CCTV LSTK package is not moving on “supply” lines—it is moving on interface-risk and sustainment discipline.
8The bid-date extension to 24 December 2025 (as indicated) comes with a tender structure that already pushes BOM gaps and brownfield modifications onto the contractor.
8What matters now is whether the extension widens participation—or simply gives bidders time to meet a documentation bar designed to reject deviations.
 
2) Bid window reset to 05 January 2026 tightens the offshore LSTK bid race for ADR-I and NLM-14.
8ONGC has extended the bid submission deadline to 05 January 2026, but the tender’s risk geometry remains anchored in functional specs and standardized contract clauses.
8The extra 17 days will decide who can close the verification, vendor, and quantity-reconciliation gaps without padding price.
8The real story sits in what ONGC did not change—and what bidders will now quietly re-price.
 
3) OIL’s microgrid solutions tender at three eastern asset installations extended to 18 December 2025
8Oil India’s three-site microgrid package has now been pushed out by 76 days from the tender’s own original bid-close anchor, after a string of seven extensions.
8Alongside the calendar drift, OIL has quietly rewritten the participation maths—softening licence submission rules and carving out a start-up turnover relaxation.
8The bigger tell sits inside the battery clauses, where lifecycle and test-run expectations have been reset in ways that will reshape which OEM stacks show up on bid day.

8ONGC’s Ahmedabad asset sick-well revival tender has been pushed out by nearly a month, but the commercial spine stays intact.
8The same package has also quietly reshaped its Group II inventory, shifting bidder economics before a single price is opened.
8The real story is whether this is participation management or a risk-control move in a revenue-share revival contract where monitoring expectations are unusually intrusive.