News & Bulletin Updates

8ANK Pharma Ltd. has been ordered by NGT to deposit environmental compensation for the blast victims from 2020

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8With the support of higher oil prices and smaller stockpiles throughout the winter, Japanese rubber futures rose to almost one-month highs, yet demand worries persisted

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8The newly formed political party in South India hope to get carbon credit for rubber plantations under voluntary carbon markets and impose a carbon tax on synthetic rubber

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8TANTEA recorded a profit in 2020-21 due to high demand and prices during the pandemic but incurred a loss in 2021-22

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8Solvay accelerates carbon footprint reduction of Udel PSU & Radel PPSU at the US site with certified circular feedstock

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8An upcoming plant with an initial capacity of 100 tons of Preforms with a cost of Rs. 290 Cr is being set up in Maharashtra

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8The Board of Directors of this Indian port has approved the capital expenditure for setting up a new liquid berth worth US $90 mn

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8This renowned Indian chemical company’s subsidiary has changed to Mahadhan AgriTech Limited

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8The EU's new deforestation regulation (EUDR) has left European palm oil and oleochemical importers worried about its impact, which may also limit the supply of key feedstocks for production from countries such as Indonesia and Malaysia

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8Sinopec won a contract to build a spent sulfuric acid regeneration plant with Elessent Clean Technologies' subsidiaries

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8Lummus has started up the world's largest double reslurry paraxylene crystallisation unit at Shenghong's petrochemical project in China

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Sources in Ahmedabad's petrochemical industry have reported a rise in the cost of dicalcium phosphate, which is believed to be due to a shortage of supply, resulting in higher prices in the global market.

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On April 24, 2023, industry sources in the Petrochem sector reported a reduction in the price of industrial-grade sodium acid pyrophosphate in the Mumbai market.

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According to petrochemical sources, the prices of trichloroethylene have decreased in the Delhi market due to weak regional demand trends.

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The Ahmedabad market has seen a rise in Anhydrous hydrofluoric acid prices due to increased demand, and industry sources predict that this trend will continue in the coming days.

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The Mumbai market's 22% nickel sulfate prices have surged today.

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On April 24, 2023, Petrochem sources reported a minimum drop in bright Aluminum prices in the Mumbai market.

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Styrene Butadiene Rubber grade 1712 prices were assessed higher in the rubber market of Mumbai.

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According to Petrochem reports, the zinc ingot price in the Mumbai market has dropped.

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An elevated demand trend is noticed in Soap noodles 80;20 prices.

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Glyceryl monostearate 40% prices in the Delhi market increased on April 24, 2023.

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Glycerine prices were quoted lower in the Delhi chemical market today.

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Lauric acid prices were assessed lower in the Delhi market today.

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On April 24, 2023, the price of phenol decreased in the Kandla market, according to information from Petrochem.

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The cost of acetone has lately decreased in the Mumbai import market.

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