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Indian fuel retailers celebrate the festive season as Gasoil consumption rose by 6.6% from the last year’s figure during the October month.This has been the first such rebound since the nation entered COVID-19-related lockdown restrictions in March this year.Indian Oil Corporation (IOC), Hindustan Petroleum Corp. (HPCL) and Bharat Petroleum Corp. Ltd. (BPCL) own about 90% of the domestic retail fuel outlets.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/gasoline-and-gasoil-sales-show-swift-recovery-in-october-surpasses-pre-covid-levels-3395According to a compiled data by the country’s largest refiner and fuel retailer IOC, total diesel sales by the country’s three state fuel retailers touched 6.17 million tonnes in October.Sales of Gasoil, which holds nearly two-fifth of India’s fuel demand rose 27.5% since September, indicating a strong pickup in the industrial activity after prolonged dullness.As per the data, this increase in Gasoline sales is happening for a second month in a row.Domestic Gasoline sales rose 4% from the previous fiscal to about 2.4 million tonnes, nearly 8.6% higher in October than in September.
Grasim Industries Ltd., Aditya Birla’s flagship company has inked pact with Ohio-based Lubrizol Advanced Materials, a subsidiary of Warren Buffett’s Berkshire Hathway, to manufacture and supply chlorinated polyvinyl chloride (CPVC) resin that is widely used in hot and cold water delivery pipes in India.This polymer will be manufactured at Grasim’s Chlor-alkali unit located at Vilayat, Gujarat.Get more info : https://www.chemanalyst.com/NewsAndDeals/DealsDetails/grasim-collaborates-with-the-specialty-chemicals-giant-lubrizol-to-construct-75As per the company officials, the construction of the near 100 KTPA plant will commence in a phased manner, and once commissioned, it would be the single largest site capacity for manufacturing CPVC resin globally with the production expected to start in late 2022.Lubrizol will invest in the capital and technology during the plant set up while Grasim will provide manufacturing expertise during project.Grasim will provide land, raw materials and other utilities and will receive required capital in lieu of managing the plant operations.The CPVC Resin produced will be sold under the brand names FlowGuard Plus, Corzan and BlazeMaster.The historic collaboration will also enable Aditya Birla Group and Lubrizol Corporation to explore their penetration across sectors like water solutions, construction, automotive and plumbing by leveraging the technologies and concerned expertise of both the groups.About UsChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry.ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India.
As a part of its revised strategic plan, GAIL Limited is eyeing to expand its foothold in petrochemical, specialty chemicals and renewable energy domains.The new initiative has been adopted to adhere to the shifting market dynamics and explore new areas for growth in the long run.It further aims at developing a lasting business portfolio which is suitable to match the changing pace of the market.The company constitutes more than 70 per cent share in all the gas shipped in India.It also, encompasses 17.5 per cent of overall market share of Natural gas with its large-scale petrochemical’s plants at Pata and Lepatkata.It also holds a small portfolio in renewable energy alternatives such as solar and wind energy.Get more Info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/gail-to-expand-its-foothold-in-the-petrochemicals-specialty-chemicals-and-renewable-energy-sector-1340According to GAIL’s chairman, the company will keep gas processing as its core segment but will expand its foothold it other sectors to minimize the future risk.
India’s second largest oil marketing company, Bharat Petroleum Corporation (BPCL), has announced the resumption of around 2118 projects, requiring total expenditure of INR 503000 million in the span of three years.Among the 2118 projects, there are refinery projects, bio-refineries, petrochemicals, pipelines, marketing infrastructure projects and others.Divestment bound company, has targeted an expenditure of INR 95970 million for the current fiscal of which it has already consumed INR 16500 million.The company earlier came up with a total budget of INR 125000 million but decided to reduce it to over come the loss incurred on abrupt lockdown imposed to constrain Coronavirus uncertainties.As per the current plan, it intends to spend INR 187660 million worth to finalize 10 projects by the end of this fiscal.Out of these 10 projects, 2 of the biggest projects are in Kochi Refinery including the Propylene derivative petrochemical project and Motor Spirit block project.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/bpcl-resumes-operations-on-over-2118-stalled-projects-a-game-changing-initiative-for-future-growth-1338However, the company is facing difficulties to resume operation in these projects since April, as lockdown imposed in the country has made it impossible to deploy highly skilled foreign manpower.
Prices of Polypropylene headed towards stability in the Indian market after domestic producers decided to roll over the prices between 19-31 August amid limited room for price movements.The measure has been adopted as local producers are constantly trying to push and stabilize the already softening PP markets and match the buyers' pockets.As per the industry experts, the move will also stimulate the product demand and draw down inventories of the manufacturers.Post July, the prices of PP raffia grade lost value by $13 per mt in the initial two weeks of August.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/indian-polypropylene-producers-extend-price-stability-till-august-end-1335In addition, new discount schemes were devised in July to take buyers into confidence with heavy discounts being offered per tonne for bulk quantities.Import prices for PP raffia are hovering around $890-910 per tonne CFR India since 23rdJuly.PP prices had been steadily rising since June, when the plant operating rates rose backed by improving demand fundamentals following the Covid-19 lockdowns.However, the domestic market soon reached a period of stagnation as buying sentiments remained largely unchanged for a number of weeks.
Mixed Xylene supply overhang in countries like China and Taiwan has led to a weakening of their import demand, with majority of the deals stressing on the floating price.Prices of Mixed Xylene remained nearly stable amid feeble consumption and sufficient inventories, piled due to excess supply in the beginning of the month.China’s buying sentiments declined by existing stocks and slow demand for gasoline blending.However, the industry is dwelling on a ray of hope by rebounding of demand for isomer grade Mixed Xylene.Despite of lacklustre demand, supply across Asia is bound to increase as several manufacturers are already operating their catalytic reformers at the threshold level.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/asia-mixed-xylene-oversupply-continues-to-stress-manufacturers-amid-market-uncertainties-1332Mixed Xylene supply is excess across Southeast Asia as Naphtha crackers provide better economic output when operated at full load.The situation of supply overhang is likely to persist in the near term with countries such as India, having enormous production capacity of Naphtha Crackers, is not considering slowing down the operations.Furthermore, lukewarm demand for jet fuel has continued to tremble the market fundamentals of Naphtha, the prime raw material for reformers A leading producer revealed that manufacturers are compelled to adjust their production rates if there is an abundant supply from any of their competitors on the back of the profit they are making from Olefins.About UsChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry.
Tata Chemicals, an Indian global company dealing with chemicals, crop protection and specialty chemical products, recently revealed its financials for the quarter ending June 2020.As per the results, the company’s standalone net profit slid by 47% to Rs.109 crore in Q1 June 2020 compared with Rs 206 crore in Q1 June 2019.Revenue from the chemical products segment fell to INR 612.09 crore as against INR 703.39 crore in the last quarter.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/tata-chemicals-stock-price-rise-for-three-consecutive-days-margins-from-the-soda-ash-vertical-stepping-up-in-the-domestic-market-1330However, the company’s shares rose for the third consecutive day by about 10% on Thursday i.e.Despite unprecedented slowdown in several downstream sectors, the company continued the production and supply of the essential commodities, eagerly adopting the new normal with the aim to keeping itself well positioned in the market and preserve its gross margins.During Q1FY21, the company continued to produce salt without disruption while the production of Soda Ash and Sodium Bicarbonate showed improvement post the initial phases of lockdown due to restart in downstream operations.
Continuous weakness in the overall revenue made by sugar mills has pressurised government to undertake initiatives to avail rebound in profit bearings at the back of Ethanol production.As per the latest declaration, government is likely to widen price margins of Ethanol bought from sugar mills by the Oil Companies by around 5-7 per cent.This step is an initiative to assist sugar mills with their pending cane arrears which rose to INR 2000 million in July.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/government-likely-to-push-price-margins-of-ethanol-bought-by-oil-companies-1329Furthermore, it is aimed to promote the mills to channel excess sugar and cane into Ethanol production to avoid inventory pile ups of molasses feedstock.Analysts predicts that it will result in another surge in the upward trajectory being followed by Ethanol since last two quarters on its rising requirements amid Coronavirus uncertainties.As a part of green energy initiative, government is focussing to wield organic Ethanol for widespread industrial applications and for gasoline blending.It has even asked sugar mills to utilize over 85 per cent of Ethanol capacity, targeting the production of over 3620 Million litres of Ethanol by 2021.About UsChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry.
Latest hydrocarbon statistics revealed by Petroleum Planning and Analysis Cell (PPAC) depicted that India’s Naphtha consumption reached four-months high around 1.284 million metric tonne in July.Country’s Naphtha consumption rose 10% higher on month on month basis while it declined by 12.4% on a year on year basis in July.Analysts predict that in addition to improving demand from the gasoline blending sector,  rising demand from the petrochemical producers for serving industries such as medical plastics and equipment quintessentially required in the nation’s battle against COVID-19 has further helped in overcoming the persistent market dullness.India’s recent switch to new gasoline standards in 2020 is further expected to give a boost to the country’s demand for Naphtha.Furthermore, abrupt growth in the domestic demand has triggered significant reduction in the volumes of Naphtha exported by the local refiners.India’s Naphtha exports remained significantly low in June and July, with volume hitting 11-month low in June as per the PPAC data.
Government of India has extended anti-dumping duty on imports of Caustic Soda from China and Korea till November this year.The decision has been taken after the suggested recommendations of commerce ministry’s investigation body Directorate General of Trade Remedies (DGTR), in its efforts to safeguard the domestic industry from the cheap chemical imports from China and Korea.The duty was initially implemented in 2012 on a different group of countries to prevent material injury from undue dumping of Caustic from foreign players.The duty was then imposed on August 18, 2015 on material coming from the People’s Republic of China and Korea RP for a period of five years.The move has been taken after India’s focus towards boycotting Chinese products amplified post the India-China border face-off in Galwan.The duty shall remain in force till 17th November, 2020 unless revoked before time.Domestic Chlor-Alkali industry is thriving to bounce back after witnessing a slump due to fall in demand from several downstream sectors amid the pandemic.
Price of Nitrile Butadiene Rubber (NBR) in India jumped in the month of August tracing the feedstock Butadiene (BD) and strengthening demand from the agricultural sector.Sources attributed that NBR prices seem to fetch support from the agricultural rice roller sector in India, while demand from the automotive sector has remained muted for more than a quarter due to unprecedented slump in the market dynamics since the outbreak of COVID-19.The market sentiments rose few weeks after the Indian authorities initiated an anti-dumping probe into NBR imports from China, the European Union, Japan and Russia.India’s local NBR producer, Apcotex, which holds 16,000 tpy NBR capacity, had called out the concerned authorities for investigating into the material injury that excessive imports are causing to the domestic producers.Players turned optimistic after the Ministry of Commerce and Industry issued a notification regarding initiation of probe on 26 May with anticipations of quick action to support the battered economy.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/nbr-sentiments-surge-in-india-demand-rise-and-feedstock-lend-support-to-the-pricing-curve-1319NBR finds wide range of applications in oil seals, gaskets, hoses, and transmission belts in the automotive industry as well as machineries in the agricultural sector.While India’s NBR demand stands nearly at 60KTPA, the domestic production is not sufficient to cater to the entire demand without its reliance on imported volumes.
With an aim to expand its foothold in the international market, Royal Dutch Shell, a multinational petrochemical company with headquarters in Netherlands is planning to invest in 50 per cent Stake of India’s Nayara Energy Petrochemical Project worth 9 Billion USD.Memorandum of understanding between the two companies was signed in early June as discussed by the board of directors in November and December of last year.Nayara Energy is looking forward to establishing a full stream Ethylene cracker unit with a capacity of around 1.8 MPTA followed by several downstream facilities.The project is anticipated to cost around 8-9 Billion USD and will be built at Vadinar, Gujarat.Get more info :  https://www.chemanalyst.com/NewsAndDeals/DealsDetails/shell-to-acquire-50-per-cent-stake-in-nayara-energys-petrochemical-project-worth-9-billion-usd-59 As per Nayara’s proposal to environmental ministry, the project also includes an aromatic complex with a capacity to produce 10.75 million tonnes petrochemical commodities.However, presently both the companies are constraining to further comment on it.Alongside, Nayara Energy has proposed the expansion of its Vadinar refinery from a current capacity of 400000 bpd to 920000 bpd.
SRF Ltd., a multi-business entity engaged into manufacturing of Fluorochemicals, specialty chemicals, textiles and packaging films, has recently reported an impressive June quarter.Despite a significant slump in its Fluorochemicals and Tyre Cord fabric sales due to limited buying from the automotive sector, the shares of the company rose by 20% within the year, reporting a 52-weeks hike on Tuesday.The shares soared soon after the company got approval for setting up a Chloromethanes facility in Gujarat at an investment of INR 315 crores.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/srf-ltd-soars-despite-pandemic-blows-thanks-to-the-chemicals-and-packaging-films-sector-1313SRF also commissioned a new specialty chemicals unit in Gujarat this week and has recently expanded its packaging films capacity in Europe.About the June quarter, although the company’s revenue dropped by 12.4% as compared to the previous year’s, the strongly performing chemicals division helped it to grow its operating profit by 6.3%.Revenue from the division registered a growth of 16.9% in Q1FY21.SRF is also looking forward to double its chemicals manufacturing capacity by January-end 2022.
India’s Urea consumption has strongly moved the global market in the final quarter with shipments up by approximately 50 percent from April through July 2020.Analysts believe that favorable demand and desirable weather conditions have given a strong push to its Urea consumption in the final quarter.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/surge-in-urea-shipments-to-india-drives-the-global-demand-turns-market-outlook-positive-1309India state procurement agencies have reported that India has bought about 2.8 million tonnes of Urea via five tenders since April from a leading North American fertilizer manufacturer.The sixth one is expected to close on 10 August.India’s Rashtriya Chemicals & Fertilizers is expected to close a several thousand tonnes import tender also on 10 August for shipment by mid-September.RCF was looking forward to purchase about 1 million tonnes, but there is still a doubt whether the whole quantity can be shipped amid the global supply tightness.Looking at stronger than usual Indian demand and limited stock availability, it is being anticipated that the global Urea market will continue to move upwards in the coming months.Urea prices were also seen jumping almost by USD 20 per tonne within this quarter tracing the global trends.About UsChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry.
Domestic manufacturers of Polyethylene Terephthalate (PET) Resin have filed an application for imposition of Anti-Dumping Duty on cheaper imports from China.PET Resin being a widely used engineered thermoplastic across automotive, packaging, textile industries etc., has seen a surge in imports in the last quarter.Imports have steadily increased for the third consecutive month for the Q1 FY 2020, recovering from the sudden crash following COVID-19 outbreak.However, dumping from China has been a persistent problem for domestic players since April 2018.Domestic manufacturers, mainly Reliance Industries Limited (RIL) and IVL Dhunseri Petrochem Industries Private Limited filed the application citing injury to the domestic industry from alleged dumping.Imports from Thailand, Indonesia, Malaysia and other Middle Eastern countries are insignificant as compared to imports from China as stated by the Directorate General of Trade Remedies (DGTR) and that a provisional duty imposition should be in place to minimise dumping and protect the interest of the domestic players.
With Indian petrochemical importers seeking alternative sources for their cargoes imported from China, prices of certain petrochemicals have recorded new heights in the past few months.Increased interest of the Indian pharmaceuticals and automotive manufacturers towards boycotting heavily imported Chinese raw materials has given a strong push to the profit margins of domestic players as many of them have recorded healthy gains in the prices of certain petrochemicals based on improved buying indications.Get more info: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/indias-ipa-and-m-xylene-maintain-price-hikes-buoyed-by-prevailing-market-uncertaintiesties-1304Isopropyl alcohol (IPA) prices remained on the upper edge, although somewhat flatter since last two weeks, hovering around $1266/mt in the week ending 7th August.Consistent rise in demand for multiple disinfectant products containing IPA as a result of the coronavirus pandemic remains the key driving factor of the unprecedented price surge in both the Indian and international markets.In its recently revealed financial results for the first quarter ending June, India’s Deepak Fertilisers and Petrochemicals (DFPCL)- the largest and sole manufacturer of IPA in the country, posted a double-digit increase in its net profit to USD 1.2 billion as its IPA sales volume jumped by about 49 per cent year-on-year.Chemical Pricing : https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=FalseWhile things seem in favor of the domestic IPA market both in terms for demand and supply, domestic m-Xylene is still struggling to get back to norm.With traders highly anxious about market tightness in the beginning of August, m-Xylene prices were assessed around USD 106 per tonne further supported by higher upstream crude and gasoline values.Prolonged lockdown and trade restrictions have deterred a huge impact on the country’s chemicals supply chains.Traders are finding other trade routes as prevailing reluctance of Indian buyers towards Chinese cargoes may leave a long-term impact on their procurement strategies.About UsChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry.
According to ChemAnalyst report, “India Ethylene Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, India’s Ethylene market is anticipated  to grow at a healthy CAGR of 5.45% during the forecast period on account of robust rise in its consumption for producing Polyethylene (PE) which finds key usage in the country’s ever growing packaging sector, backed by government’s leading role in expansion of the country’s petrochemicals sector.Browse Complete Report :  India Ethylene Price Polyethylene production holds about 60% share in India’s overall Ethylene demand.and many other downstream chemicals.With government’s keen focus on the country’s urbanization and infrastructure development, the demand for building and construction plastics, another major end-use segment of Ethylene, is set to take a strong leap in the near future.During Q4 2020, the Indian chemical and petrochemical industry witnessed an unprecedented demand downfall due to coronavirus related restrictions which disrupted logistics and industrial operations across the nation.Several Ethylene producers like state-owned Indian Oil Corporation and private-sector Haldia Petrochemicals also shut their crackers in Panipat, Paradip and Haldia due to strict lockdowns imposed in the month of March and April.Also, Ethylene players are evaluating opportunities within the crisis such as importing cheap crude oil and diversifying their petrochemical portfolio, sensing market optimism due to government’s keen focus on its Make in India Scheme.According to ChemAnalyst report, “India Ethylene Oxide Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, the domestic players operating in India Ethylene market are Reliance Industries Limited, Indian Oil Corporation Limited, GAIL (India) Limited, ONGC Petro Additions Limited, Haldia Petrochemicals Limited.
According to ChemAnalyst report, “India Liquid Chlorine Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, India’s Liquid Chlorine market is anticipated  to grow at a healthy CAGR of 6.2% during the forecast period on account of rising demand for Polyvinyl Chloride (PVC) pipes, electrical wires and tubing from the construction sector due to rapid urbanization supported by factors like the Indian government’s Smart City Mission.The continued focus of the Indian government on the development of infrastructure such as the development of Smart Cities, rural housing, Agricultural-assets and other initiatives like investments in rural sanitation are expected to fuel growth of the PVC industry in India over the next several years.However, sudden outbreak of COVID-19 which led to extended national lockdown in India, severely affected the Chlor-Alkali industry which remained hard hit as construction activities remained stalled for most of Q4 FY20.However, strengthening consumption of Liquid Chlorine for water treatment purposes due to government’s active measures to maintain safe hygiene practices during the pandemic, supported the stable price trend.Moreover, with ease in lockdown restrictions and resumption of downstream activities, demand for Liquid Chlorine and its derivatives is expected to rise to appreciable levels.According to ChemAnalyst report, “India Liquid Chlorine Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, major players operating in India’s Liquid Chlorine market are Gujarat Alkali and Chemicals Limited, Grasim Industries Limited, DCM Shriram Consolidated Limited, Meghmani Organics Limited, Tata Chemicals Limited, Nirma Limited, Chemplast Sanmar Limited, Sree Rayalaseema Alkalies And Chemicals Limited, Chemfab Alkalis Limited and Lords Chloro Alkali Limited.In FY19, DCM Shriram Ltd. commissioned a 60 TPD Aluminium Chloride plant at Bharuch with an investment of about INR 31 crore in order to expand the portfolio of its Chlorine downstream products.
According to ChemAnalyst report,” Global Pyridine Market - Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End-Use, Type, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030” The Global Pyridine Market is projected to grow at a CAGR of 4.95% on extensive demand for vitamin B3 additive in pharmaceutical drugs along with food and beverages for adding the nutritious value.Pyridine is a flammable and toxic compound, highly soluble in water and other organic solvents.In addition, demand for Pyridine as a denaturing agent in antifreeze mixture is anticipated to contribute well to propel its growth in the coming years.Browse Complete Report : Pyridine Prices, Demand & Supply Pyridine is actively utilized as a starting ingredient in synthesis of around 20% of the top 200 drugs manufactured in pharmaceutical industry.This caused significant decline in profit margins of the pharmaceutical companies as large part of the manufacturing cost was spent in the synthesis of active ingredient.This demand for Pyridine is likely to surge in the coming years over uncertainties regarding the complete abatement of virus till the attainment of a proper vaccine.Major companies operating in the manufacturing of Pyridine in global market include Vertellus Specialties Incorporation, Jubilant Life Sciences, Red Sun Group, Lonza Group Limited, Weifang Sunwin Chemical Company Limited, Shangdong Luba Chemical Corporation Limited, Resonance Specialties Limited, Koei Chemical Company Limited, Hubei Sanonda, Prochem Incorporation, Chang Chun Petrochemicals Corporation Limited, Bayer AG and Mitsubishi Chemicals etc.
Increasing demand for Naphtha as a feedstock for obtaining several petrochemicals, such as olefins and aromatics which are further processed to serve several downstream sectors such as plastics, textile, rubber etc., backed by increasing demand for motor fuel and Aviation Turbine Fuel (ATF) would drive the Naphtha demand in the forecast period.Browse Complete Report : India Naphtha Pricing, Demand & Supply Naphtha is a highly flammable, light derivative of crude oil obtained through processes like fractional distillation, coal-tar boiling and others.The vision which has been aimed at increasing the domestic availability of petroleum products and create major employment opportunities by 2025 will further propel the Naphtha market growth in the forecast period.However, the recent outbreak of novel Coronavirus led to an unprecedented fall in the India Naphtha demand.India’s fuel demand fell by 46 per cent in April 2020 on y-o-y basis.Players are anticipating a substantial rise in fuel demand with ease in lockdown restrictions, as vehicular traffic returned to roads and flights resumed to carry passengers.Moreover, restart of several industrial operations which consume Naphtha as feedstock will support the growth of the market in the coming months.According to ChemAnalyst report, “India Naphtha Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Type, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, India’s Naphtha production outpaces the domestic demand, hence India is also among the key Asian Naphtha exporters with annual exports reaching about 7-9 MMTPA.Key players operating in India Naphtha market are Reliance Industries Limited (RIL), Indian oil Corporation Limited (IOCL), Essar Vadinar, Bharat Petroleum Corporation Limited (BPCL), Gail (India) Limited, Oil and Natural Gas Corporation Limited (ONGC), Hindustan Petroleum Corporation Limited (HPCL), Nayara Energy, Mangalore Refinery Petrochemicals Ltd (MRPL).
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