Published on February 1, 2021
NTPC Ltd. Has invited expression of interest from Indian and global companies to set up methanol manufacturing facilities at its power projects across India. The setting up of these facilities will be subject to approvals from the state and central governments. The facilities will be developed in an aggregator mode on a build, own, and operate (BOO) basis.The last date to submit the bids is March 31, 2020. The bids will be opened on the same day.These facilities are proposed to be set up as par ..
Published on December 31, 2020
Zargos Petrochemical is operating Methanol plant at reduced rates. The plant is being operates at curtailed rates due to limitied supply of feedstock natural gas. Zargos has two plants in Assalyueh in Iran and each plant has the production capcity of 1.65 mln/tonnes. ..
Published on October 31, 2020
N Butanol and Iso Butanol units have been restarted by Qilu Petrochemical. Earlier the units were shutdown in the month of September for annual maintenance program. The units has now resumed its production after remaining off-stream for around 8 weeks. Units are based at Shandong province of China and has the production capacity of NBA around 85,000 mt/year and IBA around 25,000 mt/year. ..
Published on October 10, 2020
Weekly Price Trend: 05-10-2020 to 09-10-2020 If we take a quick look at the above given weekly prices, it can be observed that domestic prices remained stable throughout this week. On Friday domestic values were assessed around Rs.55/Kg for bulk quantity at Kandla and for Mumbai ports of India by end of the week. Prices reduced by Rs.2/Kg for this week. Booking Price INDIA & INTERNATIONAL The domestic prices of Styrene were assessed at the level ..
Published on September 1, 2020
On Monday closing, crude continued to struggle on the last day of August as well. WTI on NYME closed at $42.61/bbl. Prices have reduced by 0.36/bbl in compared to last closing prices. While Brent on Inter Continental Exchange have improvedSd by 0.05/bbl in compare to last closing price and was assessed around $45.10/bbl. ..
Published on January 20, 2020
Crude-to-Petchems Complex in Indonesia , Jakarta and Abu Dhabi National Oil Co. (ADNOC) and Pertamina have signed a memorandum of understanding (MoU) to explore the potential development of a crude-to-petrochemicals complex in Balongan, Indonesia. The two parties entered into a sales agreement, in which ADNOC will supply Pertamina with up to 528,000 t/y of liquefied petroleum gas by the end of 2020. CAP is planning to build a second petrochemical complex in Cilegon, which would include the pr ..
Published on July 11, 2019
On Wednesday day, closing crude values have increased. WTI on NYME closed at $60.43/bbl. Prices have increased by 2.60/bbl in compared to last closing prices. While Brent on Inter Continental Exchange is increased by 2.85/bbl in compare to last closing price and was assessed around $67.01/bbl ..
Published on September 18, 2018
The year 2018 has been full of trade wars and part and counter-part measures on trade imports. July was the month when US imposed fresh set of trade tariffs on imports from China. Now it will impose tariffs on $ 200 bn worth of imports which include plastics and petrochemicals. The effect will come into existence on 24 of this month. Still international market is yet to digest this sanctions, the US government has come up with fresh set of tariffs. The current tariffs are 10% and will rise ..
Published on February 21, 2018
Presently methanol market is moving with stable-to-soft velocity. No major deals and discussion has been heard from end users. Domestic methanol prices were assessed at the level of Rs. 26.25/kg for Kandla and Mumbai ports of India. In China, there is a quiet period of demand on China’s Lunar New Year holidays, which falls between 15-21 February. China’s methanol imports in February will go down due to Spring Festival holiday. This year global methanol production capacity is expecte ..
Published on November 30, 2017
With the beginning of the month November domestic methanol prices has started upward move. On 1st nov methanol prices were evaluated around Rs 23.5 for Kandla and Mumbai ports of India and on 28th Nov prices were assessed at Rs 28.25/kg during one month period around 20% prices have increased. Methanol booking prices also have increased, in the first week of November CFR India methanol prices were evaluated in the range of USD 295-315/mt while in the last week methanol prices have increased by ..