HDPE, LDPE and LLDPE prices today: Details

Jan 25: 8Market prices of Poly Ethylene (PE) in the major markets in the country fluctuated very marginally today, without major rise or fall from the rates yesterday. The demand in the markets were quite active.
 8In the Delhi market, the price of HDPE dipped marginally, while, the prices of LDPE and LLDPE remained unaltered. The prices of HDPE and LLDPE in the Kolkata market did not undergo any changes, but, LDPE price remained static. In the Mumbai market, the price of HDPE increased but LDPE price dipped, both in slight magnitudes.
 8The respective prices in the Chennai market did not differ much from the other three markets. (Click on the Details for more information.)   Details

PVC, PP and PS prices today: Details

Jan 25: The prices of PVC increased slightly in the Delhi and Mumbai markets, but, remained flat in the Mumbai market. The price in the Chennai market was slightly higher than in the Delhi market. PP prices increased slightly in the Mumbai market, but, was identical in the Delhi and Kolkata markets. PS prices in the the Delhi, Mumbai and Kolkata market remained unchanged. (Click on the Details for more information.)   Details

ABS prices today: Details

Jan 25: The prices of both the grades of ABS did not undergo any change today. The prices remained identical with the rates prevailed yesterday. (Click on the Details for more information.)   Details

India and Pakistan Ministers discuss petrochemical issues

Jan 25: 8The Minister of Petroleum and Natural Gas (MoPNG) of India and the Federal Minister for Petroleum and Natural Resources of Pakistan, today, discussed various issues related to mutual co-operation of both the countries in the hydrocarbon sector. Among the discussions, some issues related to the petrochemicals sector were also taken up.
8The Indian Minister expressed about India's interest in exporting petrochemical products to the neighboring country by road, rail and sea.
8Both the Ministers discussed about the recent formation of an India-Pakistan Joint Working Group between both the nations with the objective of facilitating trade between the countries. (Click on the Details for more information.)   Details

Briefs I

Jan 25: 8The project of setting up a Poly Propylene (PP) plant by Mangalore Refinery and Petrochemicals Limited (MRPL), at its refinery complex, has progressed 74.3%, as on January 15, 2012, according to the company.   Details

Supreme Petrochem posts loss in Q3FY12: EPS plant to function in February 2012

Jan 24: The market for Poly Styrene (PS) in the country is expected to improve in the near term, according to the management of the leading PS producer in India, Supreme Petrochem Limited (SPL).
 8The demand for PS in India during the third quarter of the current fiscal was low, primarily on account of demand for the end-products declining in the country, and, slowdown in the global economy restricting consumptions in the overseas markets, resulting the Indian producers achieving lower sales. Besides, volatile foreign exchange rates also impacted the sales of the Indian PS producers during the quarter.
 8SPL, amid such market conditions, recorded a loss of Rs 7.25 crore in Q3FY12 against the net profit of Rs 18.67 crore in Q3FY11, reveals the unaudited financial results for the quarter declared today. The net sales for the quarter, however, improved to Rs 495.34 crore from that of Rs 451.86 crore in the same quarter of the preceding fiscal.
 8The company will start commercial operations of a newly set up Expanded Poly Styrene (EPS) plant in the next month. The plant is currently put to trial runs, which are functioning encouragingly, the company reveals. (Click on the Reports section for more information.)   Details

HDPE, LDPE and LLDPE prices today: Details

Jan 24: 8Polymer prices fluctuated marginally today in the major Indian markets. The demand pattern in the Delhi market was moderate with the price of LDPE dipping slightly, and, LLDPE price increasing slightly. HDPE price remained unaltered.
 8In the Mumbai market, HDPE price declined slightly, while, LDPE price went up considerably. LLDPE price did not undergo any change.
 8In the Kolkata market, LDPE and LLDPE prices went up marginally, while, HDPE price did not change. (Click on the Details for more information.)   Details

PVC, PP and PS prices today: Details

Jan 24: The prices of PVC in the Delhi market went up marginally, but, dipped slightly in the Kolkata market. The price did not change in the Mumbai market. PP price increased slightly in the Kolkata market, but exhibited the reverse trend, of a slight magnitude, in the Mumbai market. PS prices in the three cities remained static. (Click on the Details for more information.)   Details

ABS prices today: Details

Jan 24: The prices of both the grades of ABS did not undergo any change today. The prices remained identical with the rates prevailed yesterday. (Click on the Details for more information.)   Details

GAIL's petrochemical complex at Vijaipur and Pata: Work on track

Jan 24: GAIL's new 400 KTA petrochemical complex at Pata is progressing on track. According to EIL's  latest monitoring report, the Rs 8,140 crore project registered a progress of 17.1% as of December 2011. A sum of Rs 300.76 crore has been incurred on the project since inception.
8The project is not faced with any milestone backlog which is a sign that all work is on schedule.
8GAIL recently awarded the contract for supply of an expander compressor to Atlas Copco Mafi Trench Co. Llc, while another contract for the DM and CPU plant was awarded to Driplex Water engineering Ltd.
8The contracts for cathodic protection works, switchyard works, boiler, nitrogen plant are expected to be awarded soon.
8The project is scheduled to be completed by February 2014.
8The petrochemical complex will comprise of a 20 MMSCMD Gas Sweetening Unit (GSU), a 19.5 MMSCMD C2+ Recovery Unit, a 450 KTA Gas Cracker Unit, a 400 KTA LLDPE/ HDPE swing Unit and a 20 KTA Butene-1 Unit.
8While certain critical units such as the gas cracker unit and the polymer plant are being set up within the existing petrochemical complex at Pata to make routine operations easier, the GSU and C2/C3 plants will be set up at Vijaipur.
(Click on Details for more information)   Details

Naphtha prices rise in international markets: Indian petrochemical producers' margins might erode

Jan 24: The petrochemical producers in the country might now have a cause of concern--Naphtha becoming costlier in the major international markets-- that is likely to erode their profitability margins.
 8Naphtha prices in the Arab Gulf and Singaporean markets have been intensifying since the onset of the new year, the available data reveals. During the period of the first half of the current month, the prices averaged $102.20 per barrel and $ 104.14 per barrel in the respective markets, which are considerably higher than the respective averages of $ 96.78 per barrel and $ 98.61 per barrel, in December 2011.
 8High Naphtha prices would render the market of the country a lucrative one for the foreign petrochemical producers, especially the ones from the Middle East, wherein, cheaper feedstock, predominantly Ethane, is abundantly available. The prices of petrochemicals of those producers are usually cheaper than the Indian counterparts due to the input-cost advantage. (Click on the Details for more information.)   Details

Keyuan Petrochemicals starts operations of production line of its new SBR plant

Jan 24: 8Keyuan Petrochemicals Incorporated (KPI), a leading petrochemical company in China, has announced that one of the production lines of its newly set up Styrene Butadiene Rubber facility has commenced full-fledged commercial operations, after successfully completing trial operations.
 8The company started setting up the plant in September 2010, and completed the project after one year. The plant bears a production capacity of 70,000 tonne per annum (TPA).
 8The motive behind undertaking the venture apparently lies in strengthening itself to meet the growing demand in that country, an assessment of the prevailing demand and supply situation indicates. (Click on the Details for more information.)   Details