8The company reported a 62.75 per cent year-on-year (YoY) drop in EBITDA due to lower shipments and selling prices.
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8Find out the financial performance for the fiscal year's third quarter ending March 2023.
There has been an increase in revenue and profit
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8The company is one of the leading pharmaceutical company and is a significant player in the field of specialty chemicals with world-class facilities.
But profits margins are shrinking from their highs in the earlier years
Learn more about the company and its recent business activities.
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8Get the latest rubber prices for Singapore.
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8WSG Industrial Services, the independent provider of process, pipeline, and industrial services to the UK and European refinery and LNG terminal sectors, has announced the purchase of Nitrovia, a French provider of petrochemical, refining, and pipeline services, for an undisclosed price.
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This price rise is on account of rising energy and raw material costs, supply chain stress, and higher freight transportation expenses.
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8A wholly owned subsidiary of the company has entered into a multi-year contract with a large multinational company for the manufacture and supply of a key agro-chemical fluoro intermediate
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8Both companies are continuing discussions for new expansion commitments.
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8After a boom seen in FY21 and FY22 with a recorded trade worth USD 29.9 billion and USD 44.4 billion, respectively, Indian textile exports from India are expected to fall by 16-18% in FY23 with a slowdown in demand, especially from the US and Europe.
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8This initiative will help facilitate access to hydrogen, enabling the development of its use for goods transportation and further strengthening the hydrogen sector.
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8The company enforced a new, integrated HR platform for the whole company that would enable better human capital management throughout the entire business globally.
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These kinds of figures were unheard of before in the fertilizer industry, where the top line grows by 50% and the line growth by 138%.
8Look at the data this way: ammonia prices jumped 4%, phos acid 80%, gas around 96%, potash 103%.and yet the company made so much money
8That means higher prices have been passed on
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New type of micronized zeolite are coming in which are carbon friendly>
8This one for example contains the full suite of micro & macro nutrients required by growing plants.
8Applied by suspension in water. Sprayed on leaves of maturing plants or fruit using manual or mechanical spraying equipment, with a stirring system
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Here is a fertilizer company that says that it has procured fresh gas at around $18/mmbtu
8And it plans to procure more at that price range
8Also it is setting up a fertilizer raw material complex, where margins could be as high as $400/tonne
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8Get the latest spread between imported phos acid, ammonia and natural gas here
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Chambal has recorded lower profits
8But they are still quite hefty
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This new urea unit was promised to be set up
8But it still remains a promise
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India needs to import urea
8But there is uncertainty over when that will happen
8This is causing global markets to take a pause
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Get an update on the spread between Caprolactum and Benzene in India
8Also between phos acid, ammonia, natural gas and benzene
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Electrolytic copper rod prices have witnessed a marginal fall in the Ahmedabad metal market today.

An elevated trend is noticed in manganese oxide prices.

On February 10, 2023, Petrochem sources confirmed that manganese oxide prices had slipped in the Ahmedabad market.

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

8There is a two million tonne refinery expansion coming up
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DINP prices are low in the Ahmedabad market today.