News & Bulletin Updates

8Two RIL LNG cargoes are coming in quick succession
8This is over and above their ethane shipments, which continue to come in. But is ethane more expensive than LNG at this moment? 
8It looks like it will take a while before RIL can get rid of its LNG consumption

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8A clear winner seems to be emerging in the EPC tender for the Nayara Polypropylene project
Find out more.

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Ammonium Nitrate Greenfield Project 
8Cost - Rs 1750 crore
8Project Event: The company has hired Casale as the technology licensor and the company has received the environmental clearance in September 2018. The RFQ for the EPCM contractor is likely to be released in January 2021 in place of December 2020 due to a delay in the internal discussion.

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8We have a big poject monitoring team, made up of mechanical engineers whose job is to pick up project updates straight from the ground. It is then put as input into our sophisticated project monitoring software for our sister sites.
8What we have from our team is that Haldia Petrochemicals Ltd has planned a massive crude-to-chemical refinery-cum- petrochemical complex at A.V. Nagaram village, Thondangi Mandal in the East Godavari district of Andhra Pradesh.
8The ticket size is huge, and looks like the Chatterjee group has stumbled upon a global cash pile to get the project going.
8Fluor Daniels did the initial work on it
Where is the work headed now?

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8Bhilosha Industries is bringing in a big shipment of MEG
8It is coming in from Sahaiba

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8A caustic soda lye shipment is coming at Hazira in the 3rd week of December
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8A 7000 tonne phos acid shipment is landing in Goa
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8Mangalore Refinery is taping a cargo of chemicals from Saudi Aramco
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8Find out where MCFL is sourcing its sulphuric acid cargo from
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8Chemplast is bringing in a cargo of EDC at Cochin
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8FACT has become a big importer of sulphuric acid and phosphoric acid at Cochin
Find out how much it is importing

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The following material is coming into India in the next few days at Haldia
8Paraxylene from Shuaiba
8CFDS from Singapre
8A cargo of Paraxylene/LAB: Saudi Arabia
8More paraxylene is coming from Singapore
8A butadiene cargo is coming from Malaysia
8An acetic acid cargo from Malaysis as well
8A CBFS cargo is coming all the way from Atlanta in the US
8An MTBE cargo from Singapore
8Anoher LAB shipment is headed from Al Jubail

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According to reliable domestic sources, on  December 9, 2020, MIBK prices have increased in the Mumbai market.

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On December 9, 2020, acetonitrile prices slipped in the domestic market.

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The international crude oil price of Indian Basket was quoted at around $48.5 per barrel on December 09, 2020.

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Naphtha prices have registered a downward trend in Europe while moving up in Japan owing to fluctuation in the markets.

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On December 9, 2020, ethylene prices  picked up in Europe and the US Gulf.

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Domestic producers may announce  price revisions for the following products.

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Gujarat State Fertilizer & Chemicals Limited raises domestic cyclohexane prices.

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HCL revises Acetone prices.

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BPCL Group has raised toluene prices.

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IPCL announces revision in DEG prices.

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Prices for benzene have been revised at Reliance Industries Limited.

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Methanol prices have increased continuously this week indicating a shortage of supply with a growing demand in the domestic market.

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Gujarat Narmada Valley Fertilizers & Chemicals has announced a revision in its acetic acid prices.

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