News & Bulletin Updates

Chloroform prices have been revised at Dahej.

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Jul 14, 2021: Rise in DBP prices

DBP prices have moved higher in the Mumbai market.

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On July 14, 2021, OX prices moved down in the imported market of Mumbai.

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Octanol prices have been raised at Hazira.

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On July 14, 2021 the Mumbai  market saw a sharp rise in Cyclohexane  (imported repack) prices.

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VAM prices moved higher today in the Mumbai chemical market.

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An increase in caustic soda flakes prices has been noted in Mumbai today.

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An increase in 2EHA prices has been noted in Kandla today.

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New ethyl acetate prices were reported at Ex-ASHOK today.

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A revision in caustic soda lye prices has been announced at Dahej.

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New benzene prices have been announced at Vizag.

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On July 14, 2021, the Kandla market witnessed a fall in NBA prices.

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DEG prices have been revised at Hazira.

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8JBF Petrochemicals Ltd was one of the big players in the polyester industry
8Today, a consortium of lenders led by IDBI Bank has invited bids by the end of this month to sell the foreign currency debt of JBF Petrochemicals worth $463.38 million (Rs 3,455.43 crore)

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The Export Data Processing and Monitoring System (EDPMS) is an online software introduced by the RBI in 2014 for monitoring all export activities in India.
8With this system all banks have come on single platform thus bringing uniformity in modus operandi on exports related transactions of exporters in India
8Under the system, the banks download the shipping bills forms issued by export agencies such as customs, special economic zones (SEZ) and Software Technology Parks of India (STPIs), bill of entry issued by ports
8This system has simplified the procedure for filing returns on a single platform for better monitoring
8But like with all systems, there are issues involved

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MACBETH (Membranes And Catalysts Beyond Economic and Technological Hurdles), the largest EU-funded research project coordinated by Evonik, has reached its first milestone after 18 months in operation.
8The EU Commission has evaluated the project for the first time - with positive results.
The goal of MACBETH is to develop technologies that make important large-scale reactions, such as hydroformylation, significantly more energy efficient. The supervisors believe that the partners involved are on the right track.
8In hydroformylation, unsaturated hydrocarbons, so-called olefins, are converted to aldehydes using synthesis gas, a mixture of hydrogen and carbon monoxide. For the Performance Intermediates business line, aldehydes are intermediates on the way to higher alcohols, organic acids or esters, which are then used, for example, as plasticizers in plastics or as surfactants.

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Jul 13, 2021: Market outlook ahead

Get the market outlook ahead for
8Ethylene
8PTA
8Isomer-MX
8MTBE
8Toluene

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8India’s petrochemical demand should be able to return to pre-pandemic levels in the current fiscal year ending March 2022
8This was stated by India’s Chemicals and Petrochemicals Manufacturers’ Association representative, citing moderate impact of the previous year’s sharp economic slowdown to the sector

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8Get the total lineup of tankers (for all chemical products) that are to unload in Indian ports
8From caustic soda to acetic acid to naphtha and more, get all the data here

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8Get the daily dry bulk line up report for all imports
8Portwise data is given here

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After a long hiatus, we are recording a shipment scheduled for Mundra LNG terminal
8The cargo is coming from Point Fortin and slated to be offloaded on 20th of July
8The cargo load is 160000 cubic metres

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8About 4.94 MMT of crude is lining up for delivery to Indian ports

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What is the crew change status in different Indian ports?
8What kind of quarantine is sought?
8What is the current lockdown status?
8What are the vessel operations norms under COVID?

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A 10,0000-tonne phosphoric acid cargo is coming in for Indorama on July 18.
8The loading port is Safi
8Yet another 20,000 tonne cargo is coming in from Dakar for Indorama
8Iffco is getting in a 20,000 tonne cargo of sulphuric acid from Hibiki-Nada
8Meanwhile, Coromandel brought in a 18,000-tonne cargo sulphuric acid at Vizag
8A 19,310 tonne cargo of phosphoric acid is berthing at Kakinada on the 14th for Coromandel, and it is coming in from Skhira

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8A shipment of methylene chloride is arriving at Vizag
8Tomorrow is the arrival date

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