News & Bulletin Updates

ABS imported (HI121H) prices have increased in the domestic market of Mumbai.

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A sharp rise in cyclohexane prices in the imported market of Mumbai was noticed today.

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On May 14, 2021, cyclohexane prices moved higher in the domestic market of Mumbai. 

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On May 14, 2021, acrylonitrile prices moved lower in the imported market of Mumbai.

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A revision in C9 solvent prices has been reported at Kandla.

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NPAC prices have been reduced at Kandla.

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Prices for Styrene Monomer have been revised at Hazira.

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Prices for aniline were quoted lower in the Kandla market today.

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Octanol prices have fallen sharply at Silvassa.

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Deepak Phenolics announces a revision in phenol prices.

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On May 14, 2021, BGE prices increased at Kandla port.

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Methanol prices have been revised at Hazira.

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A revision in ethyl acetate prices has been announced at Ex-Laxmi.

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C9 Solvent prices have increased in the imported market of Mumbai.

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On May 14, 2021, Acetic acid prices moved lower in the imported market of Mumbai.

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A fall in benzene prices in the imported market of Mumbai was noted on May 14, 2021.

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Ortho-Xylene prices moved higher today in the imported market of Mumbai.

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From a usual volume of around 1 MMT of inventories always lined up for deliveries into India, chemical imports inventory that we are tracking are at around 87 lakh tonnes
8This is a reasonably sharp fall

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There is crowding of bidders around  Sulphur Recovery Units in refienries, it is claimed
8The SRU is the simpler of the refinery units, and it has been noticed that power sector players like BHEL and ISGEC are at the forefront here when it comes to bidding
8But there are many pitfalls in such a strategy
8And driving down costs, like ISGEC reportedly did, could be detrimental to the bidder

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8Indian ports are best avoided by foreign crews
8Here is an example

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Dabhol has finally decided to shut down
8From May 7 till end September, when the monsoon retreats, Dabhol will be shut
8Meanwhile, Shell itself has ventured to bring in a cargo of its own at long last at its Hazira terminal
8Besides the ever busy Dehej, the other terminal that is bringing in a cargo now is Ennore, IOC is getting it in on May 18 from Ennore

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87.3 million tonnes of crude inventories lined up for delivery to Indian ports
8There is no rush at the ports, as a consequence of better movement control by the oil companies, but the vessel download volumes are lower as compared to the previous months

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8Get the latest fleet status on Self Drilling
8Find out how many rigs are on hire in India

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No one knows the Indian offshore marine spread market better than Bharat Seth, the MD of Great Eastern Shipping.
8The company is the biggest player in the Indian market and Seth has turned in a massive profit for the year
8He said the rig market had improved, and there was a 40% hike in a recent placement
8Also, he expected the market to improve for all offshore spreads segments
8Seth is India's most articulate speaker in the Indian shipping industry

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The tender for 14 vessels got a huge response
8There are 66 vessels in the fray
8Greatship usually has the largest number of vessels to offer,, but there are others in the race as well this time around
8Get the detailed vessel wise matrix

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