8India will continue to buy "cheap oil" from Russia but has not finalised terms of the discount, a senior government official familiar with the matter said on Wednesday.

8The government is exploring a payment mechanism for the import of oil from Russia in view of the sanctions imposed by the US and European countries following Moscow's attack on Ukraine.

8For the first time in several months, retail fertilizer prices were mixed, according to prices tracked by DTN for the third week of May 2022.

8The government has also put a cap on the sugar exports and included it under the ‘restricted category’ with effect from June 1.

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8Here is an analysis wherein some of chemical lines have been identified wherein India's exports to China are less than USD 50 million despite India exporting substantially to the world and China importing significantly from the world

8The ACN demand is increasing in India and the company does not foresee contribution from the segment being hampered by competition
8They have also expanded their capacity in this segment

8Xycle is about to commence construction of a plant in the port of Rotterdam that will convert 20,000 tons of non-mechanically recyclable plastic into high-quality sustainable raw material annually

8German group unveils 100 million euro investment in projects for significant LSR and HCR capacity growth

8Nomura Holdings Inc is to acquire shares in one of the world’s leading forestry asset management companies

8Tokai Carbon's carbon black production facility has been certified to the international sustainability and carbon certification plus standard (ISCC), enabling the manufacturer to offer sustainable products to customers

8Sumitomo Rubber Industries has seen its profits decline in the three months to the end of March, due to the effects of the ongoing war in Ukraine and the continued impact of Covid-19 on business

8A buyer has come out with an e-auction for the procurement of about 9.75 lakh HDPE carboys during the period from 01.07.2022 to 30.06.2023, through e-auction

8A German recycling machine maker has just presented the first industrial technology solution for the bottle-to-bottle recycling of detergent bottles made of high-density polyethylene (HDPE)
8The clients for this project were Beiersdorf AG and the Fraunhofer Institute for Process Engineering and Packaging

8Find out how the company is faring financially

8Get the latest rubber prices in Singapore

8INEOS Styrolution, the global leader in styrenics, has today announced the introduction of its new PS grade containing mechanically recycled post-consumer waste
8And this grade is available across markets in Asia at commercial scale with immediate effect

8An accurate and digital color communication tool has been launched that will enable converters to communicate color match request and quality control data on press directly from a smartphone, tablet, or desktop

8Many companies and brands in the UK's fast- moving consumer goods (FMGC) sector are aiming to increase recycled content in plastic packaging
8The same trend will eventually catch on in India

Get here the cotton prices for today
8China Cotton Index : 24-05-2022: 21966 Yuan (Changed: - 79)
8Karachi Cotton Association Spot Rate: 24-05-2022: Pak 21180 (37.324Kg) (Un-Changed: )
8MCX - Cotton Future : 24-05-2022: July : 2022 : Rs. 47540 (Changed: - 220)
8NYBOT- Cotton Future: 24-05-2022: July: 2022 : $ 141.54 (Changed : -1.21)

8Demand has been found for around 100000 cubic metres per day of stranded gas

8There are two stranded fields where production has been constrained by lack of adequate consumer offtake

Last time around, Vijay Tanks was the L-2 bidder for a sum of a little over Rs 100 crore
8But the bid was rejected as being much above the reserve price.
8What has happened in the interim is that prices of steel have gone up, and the L-1 price quoted by Vijay Tanks will not hold now, and the price will be much higher.
8From what we gathered from the industry, it does not look like this time around they will find a bidder at all

After sharp increases in gas prices linked to LNG prices, gas prices are likely to fall in the Morbi industrial cluster
8But there are other problems that this ceramic cluster seem to face

8VC Asokan has taken over as the new executive director and state head of Indian Oil for Tamil Nadu and Puducherry.