On February 02, 2023, Butadiene (BD) prices have been reported to be steady in South Korea, South East Asia, Rotterdam, and US Gulf due to stable demand patterns in the respective countries.

On February 02, 2023, the price of crude oil in the US Gulf was $76.41/barrel (FOB) for WTI with a fall of $2.46/barrel.

Silane coupling agent grade Si69 prices registered a rise in the domestic market of Delhi.

Petrochem sources confirmed that caustic soda lye prices have slipped in the Dahej market.

DINP prices are low in the Ahmedabad market today.

On February 02, 2023, Petrochem sources reported a down in the prices of DIBP in the chemical market of Delhi.

Anionic surfactant prices in the Mumbai market registered a fall today.

On February 02, 2023 PEG (600) prices fell in the Ahmedabad market.

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The company deals in ginning, pressing & trading of cotton lint. The installed capacity of the firm is 18,000 MT of cotton ginning with 24 gins & 1 bale press and a capacity to produce 27,000 bales per annum, located in Andhra Pradesh.
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Discover the company's internal business situation and current financial situation. How is business going?
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Learn more about the weekly update on Petrochemical Price Update
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Find out why does the manufacturer and exporter of woven and knitted garments, such as shirts, blouses, skirts, t-shirts, polo shirts and sweatshirts, is shying away. Is the company doing well.Click details for more.

Gross margin declined to 37% from 52% YoY and 43% QoQ because of the sharp drop in yarn prices along with inventory of high-cost cotton. Consequently, EBITDAM stood at ~7.3% in Q3FY23 vs. 24.2% YoY and 14.6% QoQ. This is the lowest quarterly EBITDAM in the past almost 10 years, barring Q1FY21 (Covid lockdown period).
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Petroleum, chemical and petrochemical investment regions are predicted to attract investments worth USD 420 Bn.
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The heaviest piece of machinery provided by Godrej Process Equipment, a pioneer in producing custom-built process equipment, was a xylene column. For the integrated paraxylene-purified terephthalic acid (PX-PTA) project at the Paradip refinery in Odisha, India, Tecnimont created the equipment, which weighs 1000 t.
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England’s Competition and Markets Authority (CMA) announced an inquiry into to Yokohama Rubber Co., Ltd / Trelleborg Wheels Systems Holding AB merger on January 31st.
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Greenerd Press & Machine Company has announced its latest 2500 Ton Compression Molding Press, with 10-foot square heated platens maintaining 500-degree (Fahrenheit) surfaces to +/- 5 degrees. This 2500 Ton Press is part of a seven-press order which is currently being built in their main facility.
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While activity increased, the spot resin markets continued to move more slowly than usual in January. Completed volumes were once again below normal as most buyers remained uninspired. After tornadoes and extreme weather in the greater Houston region affected several petrochemical complexes and caused one company to declare another Force Majeure on Polyethylene and Polypropylene, there was some resurgence in demand, at least for Polyethylene.Click details for more.

According to statistics for the trading week that concluded on January 27, butadiene prices in Europe (FD Hamburg) increased for the third straight trading week.
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As clients continue destocking, Synthomer plc anticipates that demand for nitrile rubber (NBR) gloves will be low through the end of 2023. Furthermore, Synthomer stated in a full-year trade update released on January 31 that there was still strong end-user demand for medical gloves.
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The current inquiry by the UK's competition and markets regulator (CMA) into its €2.1 billion contract to sell Trelleborg Wheel Systems is, according to Trelleborg AB, "standard practise." The buyer (in this example, Yokohama) submits the application, and then the authorities begin their reviews.
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The first facility in the United States will be built by the chemical PET recycling business Revalyu Resources with an initial investment of $50 million. In Georgia, a PET chemical recycling facility will be constructed.
Early in 2023, building will begin, and it won't be finished until 2024, when the facility will be put into service.Click details for more.

Get the latest rubber prices for Singapore.Click details for more.

A long-term partnership between Citroniq Chemicals LLC, a manufacturer of carbon-negative materials, and Mitsui Plastics Inc (MPI), a wholly owned subsidiary of Mitsui & Co (USA) Inc (a subsidiary of Mitsui & Co Ltd - Tokyo, Japan), announced the signing of a letter of intent for a significant supply agreement for sustainable polypropylene.Click details for more.