News & Bulletin Updates

8According to market research, the high-speed Steel Market is anticipated to achieve a value of USD 7.45 billion by 2022 and is predicted to expand at a Compound Annual Growth Rate (CAGR) of 6.34% from 2023 to 2032. Despite facing competition from solid carbide, high-speed steel remains a popular choice among manufacturers due to its exceptional wear resistance and superior hardness and toughness properties.
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8Yokohama Tire has once again teamed up with Porsche Motorsport North America and the United States auto club for the third season in a row. The collaboration will see Yokohama tire serve as the official tire partner and presenting sponsor for both the USAC-sanctioned Porsche sprint challenge North America and USA West.
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8The Kerala government has provided funds to address the arrears of the natural rubber price stability fund. To make up for their loss, the farmers will receive the remaining amount for the rubber they sold. Farmers' accounts will be credited with the funds.
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8The All Indian Rubber Industries’ Association supports setting a minimum support price (MSP) of ?200 per kg for natural rubber due to its significance and high demand in the market. There is a huge demand for natural rubber, which called for a support price just as there was a support price for products such as jute.
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8A new research report observes the market structure, this report evaluates the future growth potential of the market and analyzes the strategies of the key players in this market. It also tracks competitive developments such as joint ventures, new product developments, mergers and acquisitions, and new product developments in the market.
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8Zenith Rubber is a top rubber product manufacturer in India that specializes in producing rubber compounds, sheeting, flooring & matting, coated fabrics, and inflatables. They have a daily manufacturing capacity of 100 metric tons of rubber compounds and can also produce custom compounds for Injection & Compression Molding.
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8Wood secures FEED and EPCm contract for Clean Planet Energy's ecoPlants in the US. The contract involves designing three plastics recycling facilities as part of the first development batch of global ecoPlants, with Clean Planet Energy investing over US$150 million.
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8According to a petroleum storage broker and clearinghouse, the backwardation in several US petroleum markets has limited demand for leasing storage space. However, a significant financial crisis could lead to a contango in prices, which may incentivize storage demand.
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8Get the latest rubber prices for Singapore.
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8BASF has opened a new maintenance repair and overhaul (MRO) station in China. The station will provide servicing for DeoxoTM aircraft ozone and ozone/VOC converters.
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8Anupam Rasayan India Ltd has signed an MoU with the Government of Gujarat to establish new plants in India, with an investment of Rs 670 crores. These plants will primarily manufacture fluorochemicals to serve the demands of clients in the agrochemicals, polymers, and pharma sectors in Japan, Europe, and America.
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8KBR Inc has introduced a new proprietary process technology for ethylene and propylene, which utilizes 100 per cent hydrogen-fueled burners to achieve zero emissions from the ethylene-cracking furnaces.
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8A Toluene-free liquid inks facility worth Rs. 1100 million has been inaugurated in Gujarat. The facility covers an area of 92,500 sqm and has a capacity of over 10,000+ tonnes of TF. It is expected to create employment opportunities for over 100 associates.
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8Brenntag has declared the procurement of a Singapore company that provides an extensive assortment of industrial chemicals and boasts proficiency in last-mile delivery, blending, and mixing. Additionally, the company delivers value-added services like logistics support, warehousing, and repacking, with a specific emphasis on South-East Asia.
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8Project Name: Rajkot District City Gas Distribution
8Project Cost: Rs 200 crore.
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8Project Name: Hazira District City Gas Distribution
8Project Cost: Rs 200 crore.
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Pc prices have recovered in the recycling market of Ahmedabad.

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Petrochem sources have reported a rise in Pvc prices in the Mumbai recycle market.

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On March 24, 2023, Acrylic acid prices were down in the Mumbai market.

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Today's Mumbai market saw a fluctuation in Isophthalic acid costs.

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Mar 24, 2023: A cut in NPG prices

According to Petrochem sources, NPG prices in the Mumbai chemical market have dropped significantly.

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On March 24, 2023, Petrochem sources reported a fall in Polymeric MDI prices in the Mumbai market.

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Silicon metal Grade 441 prices in the Mumbai market have decreased, according to Petrochem sources.

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On March 24, 2023, Silicon metal prices moved down in the metal market of Mumbai.

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The price of inco nickel in Mumbai has dropped today.

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