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India extends special DAP subsidy and keeps MRP steady
India extends special DAP subsidy and keeps MRP steady
London, 2 January (Argus) — The Indian government yesterday extended the special DAP subsidy of Rs3,500/t into the new year, while local sources say the maximum retail price (MRP) will remain unchanged. The special subsidy, which was approved in July 2024 and valid from April 2024 , was initially set to end on 31 December. It will now remain in place until further notice. This subsidy supplements the existing nutrient based subsidy (NBS) of Rs21,911/t for the 2024-25 rabi season (October-March). In mid-December local sources reported that the government would allow the MRP to rise by around Rs4,000/t to about Rs31,000/t from 1 January. But sources now state the MRP will remain at Rs27,000/t. DAP importers buying at $632/t cfr face losses of around $101/t with the current dollar-rupee exchange rate, MRP and NBS including the special subsidy. The government is set to keep compensating importers for these losses until the end of March. Provisional data indicates India was on track to end 2024 with 1.2mn t of DAP in stocks because of slowing imports, well below a comfortable 2mn t, as had been maintained in previous years. By Adrien Seewald Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Pakistan's NRL issues tender to sell January bitumen
Pakistan's NRL issues tender to sell January bitumen
Singapore, 2 January (Argus) — Pakistani refiner NRL is offering bulk and drummed bitumen cargoes totalling 8,000t for loading over January, in their latest export tender. The refiner is seeking fixed price bids on a fob Karachi basis for 2,000t of pen 80/100 drummed bitumen cargo and 6,000t of pen 60/70 bulk bitumen cargo. The drummed cargo tender is expected to be closed on 9 January and loaded within 30 days from the date of award, while the bulk cargo tender will close on 6 January, sources involved with the tender process said. The refiner had awarded its December-loading cargo to Switzerland-based trading firm Element Alpha, after withdrawing two previous tenders for loading over October and November. Pakistani cargoes are typically sought by international bitumen traders for delivery into South Africa. By Sathya Narayanan Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Pupuk Indonesia issues tender to buy January amsul
Pupuk Indonesia issues tender to buy January amsul
Singapore, 2 January (Argus) — State-owned Pupuk Indonesia has issued a tender to buy 20,000t of bulk standard caprolactam-grade ammonium sulphate (amsul) for shipment to its subsidiary Petrokimia Gresik by the fourth week of January. Pupuk Indonesia has requested a single shipment of 20,000t to Gresik port. The deadline for submitting technical documents is 2 January, and the importer has asked for offers to be submitted at a fixed price. No results have been heard and the online e-auction for the tender is expected to begin shortly. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
California H2 fueling deployment falls behind target
California H2 fueling deployment falls behind target
Houston, 31 December (Argus) — California this year fell even further behind ambitious goals set for fuel-cell electric vehicle (FCEV) deployment, beset by, among other factors, permitting delays, the loss of planned refueling locations and unreliable hydrogen supplies. Executive Order B-48-18 established in 2018 a goal of 200 hydrogen fueling stations by 2025. The network is now projected to reach 129 stations by 2030, a longer timeline than forecast last year, the California Air Resources Board (CARB) said in its 2024 annual hydrogen evaluation. As of July, hydrogen fueling stations fell by four from 2023 to 62. Four new stations opened, including two in Oakland, one in Orange County, and one in Riverside, but those gains were offset by the permanent closure of seven stations owned by Shell. Of the 62 stations, some were listed as temporarily out-of-order or available by reservation only. "Progress has proven slow and not kept pace with prior near-term projections," the report said. California has earmarked billions of dollars to spur the development of a zero-emissions vehicle network, mandating that 100pc of all new car and light truck sales by 2035 are electric. Most of the funding for building hydrogen infrastructure is administered through the Clean Transportation Program (CTP) and the Low Carbon Fuel Standard (LCFS) program. Assembly Bill 126 directs the state's energy commission to allocate at least 15pc of CTP base funds per year for hydrogen infrastructure, resulting in $15mn set aside for the year 2024-2025. While the development of stations has always faced challenges, the last year was more difficult than most, CARB said in its report. Stations, especially in Southern California, have experienced supply interruptions as the cost of producing hydrogen has risen. As station reliability has fallen, so too has demand for FCEV, with auto manufacturers reporting historically low sales in a CARB survey and a slower pace of growth going forward than previously expected. Updated on-road vehicle projections for 2030 is 20,500 FCEVs compared with a previously reported estimate of 62,600 on-road FCEVs for 2029. By Jasmina Kelemen Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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