News & Bulletin Updates

Spectrum Plastics Group has just completed a major renovation and cleanroom expansion at its Minneapolis facility.
8The company stated in a press release that continued growth in implantable and medical components required investment in additional cleanroom capabilities

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The company produces iron and steel products like MS angle, channel, round etc.
8Know more on what is going on with the company

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The company is into the manufacturing and trading of writing slates.
8Why is it not cooperating with its rating agency?

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8Get the latest rubber prices for Singapore

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8Neste, Covestro and South Korean petrochemical company SK geocentric are cooperating to enable the production of a major polyurethane raw material based on renewable raw materials via mass balance

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8CPCB has undertaken comprehensive measures to give effect to India’s commitment to ban identified Single-Use Plastic items by 30th June 2022
8CPCB’s multi-pronged approach as part of its Comprehensive Action Plan encompasses measures to reduce the supply of raw materials, demand-side measures to reduce plastic demand, enabling measures to promote alternatives to SUP, digital interventions for efficient monitoring and to create awareness, and guidance to State Boards for effective implementation of directions

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8A webinar is being organised on 29th June on input chemistry and chemical management
8Prior registration is mandatory

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Jun 21, 2022: Delhi bans SUPs

8Delhi Govt has come out with a list of single-use plastics that will be banned with effect from 1st July. The list includes ice cream sticks, plates, cups, glasses, forks, spoons, etc

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8Expansion of an Integrated Cement Plant
8Expansion of an existing Integrated steel plant
8New Clinkerization Plant with a capacity of 2.7 MTPA
8Expansion of Aluminium Smelter Plant from 0.26 MTPA to 0.72 MTPA
8Expansion of Sponge Iron Plant production from 3,00,000 TPA to 3,75,000 TPA
And many more

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8European demand for recycled rubber is set to see a five-fold increase over the next 25 years

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8Practical testing has begun for a newly developed tire air pressure access system which enables monitoring of tire conditions

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8As part of the company’s Vision 2030 plan, Mitsui is to increase investment in its Tafmer elastomer business

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8German plastics and rubber machinery manufacturers are expecting growth of 0-2% in sales for the year 2022 amid ongoing challenges around raw materials supply and rising prices

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8The global national supply for natural rubber increased to 991k tons in May 20222

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Jun 21, 2022: Daily import matrices

Get the daily updates for
8Chemicals
8
Crude

8LNG
8Weekly Fertilizers
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update

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On June 21, 2022, the Hazira market witnessed a rise in cyclohexane prices. 

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BGE prices climbed higher at Kandla port today.

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Diisononyl phthalate prices have moved downwards in the Delhi chemical market, today.

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Benzyl alcohol prices were assessed higher in the chemical market of Ahmedabad.

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8Coal India (CIL) has been given multiple tasks by the government in recent weeks: Meeting a stiffer production targets, importing coal for supplies to power plants, ensuring infrastructure for evacuation and meeting green commitments.

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8India's top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks after pledging to stop doing business with Russia.

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8Who is likely to be ONGC's new chairman?
8And did the search committee tweak the rules keeping someone in mind?

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Ammonia-Urea Brownfield Project
8Cost: 6000 Cr.
8Project EventRFQ for Civil, Structural & Electrical work for truck parking been out and bid due date is 23 June 2022. The project is likely to be commissioned in September 2022 in place of June 2022 due to the slow progress.96% of construction work has been completed, construction of the bagging building has been completed. RITES is still in the process of laying rail tracks and electrifying them. Testing of one of the boilers has also been successfully completed.
Phosphoric acid Expansion Project
8Cost: 50 Cr.
8Project Event: The proposal for the term of references has been accepted and the final EIA report preparation is still ongoing, proposal for the environmental clearance is likely to be submitted in Q2 FY 2022-2023. The company is planning to hire a local contractor. RFQ for the Contractor is likely to be released in Q2 FY 2022-2023

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8Two women officers pushed the boundaries in the North East to get work done for ONGC

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Both LNG prices and LNG shipping rates are on a wild ride again
8What factors have contributed to their increased volatility?

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