DAP Greenfield Project
8Cost:200 Cr.
8Project Event: The proposal for the term of references has been accepted and studies are still ongoing, proposal for the environmental clearance is likely to be submitted at the end of November 2021. The company has applied for the loan, It is likely to be elicited in December 2021. RFQ for the EPC contractor is likely to be released in January 2022.
Sulphuric Acid/DAP/NPK/Ammonum Sulphate Expansion Project
8Cost:550 Cr.
8Project Event: The proposal for the term of references has been granted and the proposal for the environmental clearance is likely to be submitted in January 2022, RFQ for the LSTK contractor is likely to be released in February 2022

There is no doubt at all that there is a shortage of DAP in the market
8That is what our ground sources are saying
8This is what the government is saying

8Huge arbitrage windows are available for GAIL from out of its Henry Hub term cargoes
 But once all the newly constructed fertilizer plants come on stream, around 2.5 MMTPA of HH gas will have to find a way to them in India
8Another 1 MMTPA or more of HH LNG is deployed in long term contracts in India already
8Today GAIL could make close to Rs 1000 crore on a single cargo of LNG brought from HH and sold at JKM but claims that all its cargoes have already be pre-placed in back to back contracts
8But windows of opportunities will open up for fresh cargoes ahead, and if the arbitrage remains strong, there is still big money to be made from just a couple of cargoes out of HH

Why did IFFCO team up with Swan Energy to build a very expensive Floating Storage Regasification Unit (FSRU) for LNG beats anyone's imagination. What has a fertilizer company, a cooperative, got to do with an FSRU? 
8And while the vessel was meant to be at Swan Energy LNG station at Jafrabad, the construction of the terminal was delayed and the vessel had to be loaned out at low rates somewhere else
8But there is some good news around the corner

Qatar is undertaking a massive expansion of LNG capacity
8How cheap is this LNG going to be compared to upcoming LNG projects in the US
Here is some interesting data

8Chambal Fertilizers posts a rock solid performance
8The company reported a 12.33% increase in it's total revenues for the September 21 quarter

8Oil prices rose on Tuesday as key producer group OPEC undershot its expected pace of output increases last month, while the world's top oil consumer China ramped up operating rates to meet a spike in diesel demand.

8Iraq's federal oil exports, excluding flows from the semi-autonomous Kurdistan region, rose 1.3% month on month in October, the oil ministry said Nov. 1, amid a higher OPEC+ quota.

8Canadian heavy crude’s discount to West Texas Intermediate (WTI) was steady on Monday, the first day of the monthly trading window.

8LNG carriers Flex Courageous and Flex Resolute will go under charter deals for a minimum of three years each. Each will also have an option for up to four years of extension.

8Less than two years ago, the energy industry was being advised to get used to the fact that oil and gas prices would be lower for longer because there was so much supply.

MEG prices in the Mumbai market have registered a sharp fall today.

Acetic acid prices have significantly moved higher today in Mumbai.

The international crude oil price of Indian basket was quoted at around $82.68 per barrel on November 02, 2021.

On November 02, 2021 naphtha prices have been registered to move up in Japan and Europe on account of positive buying trends in the respective countries.

A major Saudi Arabian producer is heard to have offered its ABS in India.

A producer from Saudi Arabia is heard to have offered PC in India.

A revision in PP prices has been anounced by MRPL.

8Voices are being raised over the safety of the Cauvery delta region, classified as protected special agriculture zone in the wake of Tamil Nadu government’s plan to establish a petrochemical cluster in Nagapattinam
8Some are urging the government to abandon the proposal

8Investors with $39.2 trillion assets pledge to divest from fossil fuels

8Project import data for October
8Company-wise, country-wise imports

8Get the October coal and coke traffic at Indian ports
8Major coal and coke importers for the month
8Originating country-wise coal and coke imports for October

8Get the latest monthly port-wise container traffic for October, 2021

8The novel use of recycled plastics to produce fertilizers is now garnering a lot of attention
8Some of these are producing better results than the application of chemical fertilizers, like urea

8Solvay has posted a massive increase in Q3 sales
8Clearly the post-COVID buoyancy is a big positive for the company