8Find today's key updates in E&P, Mid-Downstream, and CGD sector

The argument that CNG is a less polluting fuel has now been debunked
8CNG vehicles are  left with is a slight cost advantage over petrol cars
8It will not be long before this advantage erodes too

Polyethylene Terephthalate (PEY) is a type of plastic commonly used in packaging, especially for beverages, food, and other consumer goods. PET is valued for its strength, durability, and recyclability.
8In the world's largest PET market however, fresh capacities are unviable
8Yet in India new capacities are coming up fast and quick
8What explains this dichotomy

8The Ahmedabad market has seen a significant decline in the prices of Polybutylene Terephthalate (PBT), specifically for the imported grade. According to sources from Indian Petrochem, the price of PBT has dropped by Rs. 3/kg, bringing it down to Rs. 152/kg

8PEG 600, a pivotal component in industries spanning lubricants, hydraulic fluids, and coolants, has undergone a sharp rise in the Mumbai market today. Initiating from Rs.140 per kg on August 7, 2024, the price rose to Rs.143 per kg on August 22, 2024. The latest update on September 3, 2024, shows the price settling at Rs.144/kg, reflecting a Rs.3/kg increase from the last assessed quoted on August 26, 2024

8The price of wet slurry in the Mumbai market was quoted higher today. Indian Petrochem analysts indicate that this change is due to fluctuations in supply and demand as well as raw material costs affecting the production of this essential chemical. On September 3, 2024, the price of wet slurry increased by Rs.3/kg, up from Rs.115/kg quoted on August 29, 2024, to Rs.118/kg

8The price of Polypropylene (PP), specifically the SRM100NC variant, has seen an upward movement in the Delhi market today, reflecting changes in the petrochemical sector. Indian Petrochem analysts have reported that the price of the material increased by Re.1/kg, moving from Rs.?109/kg on September 2, 2024, to Rs.?110/kg today

8Indian Petrochem analysts in Delhi have reported a revision in domestic prices for LLDPE (F19010). On September 2, 2024, the price of the commodity stood at Rs. 97/kg. However,today, the price has dropped by Re.1/kg, bringing it down to Rs. 96/kg

8The Delhi market has witnessed a significant fluctuation in Liquid Chlorine prices, according to reports from Indian Petrochem analysts. As of today, the price of Liquid Chlorine has increased from Rs. 14/kg to Rs. 15/kg, marking a rise of Re. 1/kg

8Indian Petrochem analysts in Mumbai have reported a cut in the prices of melamine in the domestic market. As of September 2, 2024, the price of melamine stood at Rs. 84/kg. However, today, a drop of Re.1/kg has been observed, bringing the price down to Rs. 83/kg

8The price witnessed a movement, find out by how much

8Here is the latest prices, including trends over the past month

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8A decrease in today's price is witnessed, find out by how much

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8Prices have shifted according to sources, find out how far the price has moved

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8The pricing dynamics of PTA in Mumbai have been marked by significant fluctuations since early August 2024, largely influenced by varying market demand