News & Bulletin Updates

Cyclohexanone prices witnessed a considerable fall in the Kandla market.

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Propionic Alcohol prices were assessed lower in the Hazira market.

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According to Petrochem sources, chloroform prices in the Mumbai market have dropped.

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The domestic market in Chennai observed a considerable decline in PP(SRM100NC) pricing on June 15, 2023.

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Today, the price of liquid chlorine has risen in Delhi.

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8This offer serves as a testament to the increasing competition within the global HDPE Film market

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8Sabic's Petrokemya has restarted its Linear low density polyethylene/High density polyethylene (LLDPE/HDPE) plant in Saudi Arabia following a turnaround

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8Hyundai Chemical is planning to resume operations at its Daesan cracker by the end of June 2023

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8This is the first time that an Iranian producer has offered HDPE Caps & Closures for export in the CIS market

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8The fall in prices in Asia is a cause for concern, as it could lead to a slowdown in production in the region

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8This week, PVC prices were lowered throughout Asia

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8As of June 15, 2023, RIL has maintained the local prices of PVC resin suspension grades

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8RIL's decision to roll over domestic prices is likely to provide some relief to downstream PE producers in India

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8Reliance Industries Limited (RIL) has announced a basic price reduction for Polypropylene (PP) grades, effective June 15, 2023.

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8Ed Seeley has been elevated to the role of President of Polymer Valley Chemicals, who will oversee the company’s entire operation, including their corporate headquarters and sales staff, GA-based production facilities, and direct the company’s overall strategy in terms of customer service, efficiency and growth

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8Smithers, in support of automotive innovation and education, sponsors the University of Akron Formula SAE Team, which recently achieved notable success at Formula SAE Michigan and will compete in international events

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8Nitrocross' official tyre provider is Yokohama, which has specially designed the tires for the high-torque, all-wheel-drive FC1-X electric race car, which will be featured in the Nitrocross series

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8The Center for the Polyurethanes Industry (CPI) announced that Debbie Mielewski, PhD, a sustainability expert, will deliver the keynote speech at the opening session of the 65th Polyurethanes Technical Conference in the US

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8The global medical-grade silicone market is expected to reach a valuation of US$ 2.0 billion in 2023 and is expected to grow at a CAGR of 5.8% during the forecast period of 2023–2033

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8Bridgestone has developed an innovative tyre recycling process that converts used tyres into raw materials like rubber, oil, and carbon black

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8Japanese rubber futures edged higher on Tuesday after losing for three days, supported by optimism that a Chinese interest rate decrease could stimulate the world's second-largest economy, although Shanghai and crude losses limited advances

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8The company designs and manufactures shell and tube heat exchangers, and has grown from a small workshop to a leading supplier of heat exchangers to EPC contractors, with improvement in the company’s credit profile in FY2023 with an operating profit margin reported at 9.9% and interest coverage to 2.5 times

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8In a groundbreaking collaboration with A.P. Moller - Maersk, OCI Global is powering the world's first green methanol-powered container vessel

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8Sri Pendyala Narendranath Chowdary has been appointed as the new Managing Director

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8Andhra Petrochemicals Ltd has appointed Sri MS R V K Ranga Rao as the new Addl. Director

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