News & Bulletin Updates

8Supreme Petrochem is getting in a 6200 tonne styrene monomer shipment 

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8Base oil Aramco Ultra2 is being brought in by Pidilite Industries
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8Jubilant is getting in a cargo via BP from Kerteh
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8Crescent Organics is bringing in a 15000 tonne shipment of methanol
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8A 38000 tonne carbon black cargo is coming in for PCBL from Houston
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1.08 million tonnes of chemical imports
8All lined up

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Get the full fertilizer import lineup here
8Also know more about the total weekly imports of fertilizers, in an easy-to-refer format

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A Bharat Oman Refinery crude oil delivery was cancelled. It was meant to arrive at Sikka on the 19th. Such cancellation are rare in the industry.
8Between Bharat Oman and RIL, Sikka has 2.3 million tonnes of outstanding crude deliveries in the coming days
8Crude from multiple sources are coming in at Sikka

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138657 cubic metres of LNG imports coming in
8GSFC has two cargoes lined up

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Dec 15, 2020: PET prices raised

JBF Industries Ltd increases PET prices with effect from December 16, 2020.

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Reliance Industries Limited has announced a revision in PET prices.

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Domestic producer Chiripal has announced a revision in PET prices.

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Most of the market players are of the opinion that PP, HDPE and LLDPE prices are likely to be increased.

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The bidding for the PX unit in Paradip ended yesterday
8There was one surprise bidder among the lot
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With private sector contracts, it is very difficult to predict how the final awards are going to go.
8Anything can happen at the last moment for private companies are not bound by CVC guidelines .
8But from inputs that we have gathered from various sources on the ground, there is a certain way it is going as far as all three packages are going.

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The fear of the pink slip after they were served on Petrofac and GS Engineering executives has now started pervading the atmosphere in all downstream technology and EPC companies.
8We did a survey of a bunch of these companies -- from TechnipFMC to L&T to Toyo an others --  to find out how real is this fear.
8Are they going to serve pink slips too?

Here is what we have found out

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Dec 15, 2020: OPaL: Going strong

OPaL, the petrochemical wing of ONGC, has had a slow start
8But the going from here is going to be very fast indeed
8OPAL's market segment will grow at a rate of 8-10% every year
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Dec 15, 2020: PS prices reduced

Domestic producer Supreme Petrochemical Ltd has announced a revision in PS prices.

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Demand for PET, on December 15, 2020 was assessed as improved in major markets.

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On December 15, 2020, demand for polyvinyl chloride was moderate and prices have been steady for the last week in the Indian market.

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On December 15, 2020, Methanol prices gained in Europe.

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On December 15, 2020, Petrochem sources confirmed that IPA prices have slipped at Mumbai port.

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According to reliable domestic sources, on December 15, 2020, NBA prices have increased in the Indian market.

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Acetic Acid prices have increased continuously this week indicating a shortage of supply with a growing demand in the Mumbai and Kandla market.

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As per reliable sources, MIBK prices in Delhi market have been increasing since the last few days.

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