News & Bulletin Updates

The National Vendor Interaction program, which RINL conducted for the first time, has given Sellers a beneficial platform to communicate with RINL Management. The initiative has attracted more than 200 merchants from throughout the nation.
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The largest producer of iron ore in India, NMDC, will use Nikhat Zareen, the world boxing champion and gold medallist at the Birmingham 2022 Commonwealth Games, as its brand ambassador.
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The company operates a spinning mill in Tamil Nadu with a capacity of around 4,848 rotors. It manufactures open-ended (OE) yarn, primarily from waste cotton obtained from other spinning mills in the region. Find out what helped the ratings to get reaffirmed.
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Lower demand and the usage of expensive inventory, according to Q3FY23 statistics, decreased Q3 performance by 175 bps YoY. Due to reduced gross margin and higher fixed expenses, EBITDA margins decreased by 272 bps YoY to 16.5%.
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Jan 30, 2023: CEAT: 3QFY23 update

Performance for CEAT's 3QFY23 was stronger than anticipated, driven by a 220bps QoQ increase in gross margin. The RM basket's QoQ decline of almost 4% and the marginal price increase of 0.5% were the main factors in the gross margin growth. As predicted, CEAT recorded adj. PAT of Rs421mn.
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OQ Chemicals increases its ability to produce carboxylic acids. At its German operations, the corporation has engaged in a program to optimize and decongest the supply of precursors. Construction on the structure has already started, and it should be finished by the end of the first quarter of 2023.
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For the 2023 intake, the annual application period for the Mitsui Chemicals Process Technology (MCPT) Study Award has started this month. Students from Singapore Polytechnic, Temasek Polytechnic, and Nanyang Polytechnic who are enrolled full-time will be eligible for this study stipend. The application period will end on February 28, 2023.
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By digitizing the performance of new sustainable automotive-grade polypropylene (PP) compounds, Hexagon's Manufacturing Intelligence division and Sumika Polymer Compounds Europe (SPC Europe), a leading producer of thermoplastic compounds, are enabling engineers to design components that are more recyclable and have a smaller carbon footprint for future vehicles.
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Collaborative research by the Mitsubishi Chemical Group and Mitsui Chemicals has been started to standardize and improve the chemical logistics that support both society and industry. The businesses plan to progressively roll out initiatives under a variety of pertinent themes, with those that can be put into place right away planned to begin this fiscal year.
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Mumbai-based Fineotex Chemical Ltd., a pioneer in speciality chemicals, has an elevated rating. As sales to consumers in the home and hygiene sector are anticipated to lower their working capital cycle over the medium term considerably, the upgrade takes into consideration the improved business risk profile. Although there is little reliance on debt and little usage of bank facilities, the financial risk profile is still favourable.
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On January 30, 2023, pure acrylic emulsion prices were pushed much higher in the Ahmedabad market.

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Glyceryl monostearate prices in the Mumbai market registered a fall today.

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On January 30, 2022, Petrochem sources reported a fall in Soap noodles prices in the Delhi chemical market.

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On Jan 30, 2023, Petrochem sources attributed the sharp fall in refined pine oil prices in the Ahmedabad market to limited product availability.

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Anhydrous Hydrofluoric Acid prices were quoted lower in the Ahmedabad chemical market today.

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Trichloroethylene prices have witnessed a marginal fall in the Mumbai market today.

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Petrochem sources reported a fall in pendimethalin's 30% prices in the Ahmedabad chemical market.

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Atrazine tc prices were quoted lower in the Delhi chemical market today.

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Paraquat's 42% prices have witnessed a significant fall in the Mumbai market.

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Robust demand has lifted carbendazim prices in the Ahmedabad market.

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A cut in mancozeb prices was reported in the imported market of Mumbai.

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Petrochem sources from Ahmedabad have reported a rise in hexaconazole prices.

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Chlorpyrifos prices witnessed an increase today.

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A sharp rise in thiamethoxam (97%) prices in Mumbai.

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Petrochem sources from Mumbai have reported a rise in dibutyl phthalate prices.

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