Petrochem sources in Mumbai, on March 1, 2022, have reported a fall in yellow phosphorus prices. 

Domestic market sources reported a rise in Kandla’s MP diol prices today. 

On March 1, 2022, the kandla market witnessed a rise in MEK prices.

Butyl cellosolve prices have climbed higher at Kandla.

Prices for benzene are raised in Vizag.

A fall in butyl acrylate monomer prices in the imported market of Hazira was noticed on March 1, 2022.

8Dr Mansukh Mandaviya, Union Minister of Health & Family Welfare and Chemicals & Fertilizers, Govt of India today said that the Indian chemicals and petrochemicals industry will play a key role in achieving the $5 trillion target under the Atamanirbhar Bharat vision. “In this era of globalization, we will have to import and export but Atamanirbhar Bharat means the critical requirements of India should be developed in India only

8A total of 49 projects have been approved for 33 critical APIs with a committed investment of Rs 3,685 crore and under the PLI scheme

8There is an e-auction for sale of scrips issued under the merchandise exports from India

8India and the United Arab Emirates (UAE) have recently inked a Comprehensive  Economic Partnership Agreement (CEPA) that is being billed as a historic one in many ways
8Join a discussion on it

8Quotations are being asked for procurement of polymer grade hexane

8The resin industry is getting hit with additional price initiatives from specialty chemical and specialty product companies as raw material costs and supply chain issues weigh on markets this week

8The interim CFO of Clariant Chemicals (India Ltd) has resigned

8Get the organization chart of a large petrochemical company here

8Saudi petrochemicals maker Sipchem sees 1,942% jump in annual profit

8BASF’s planned capital expenditures of €25.6 billion between 2022 and 2026 are €2.7 billion higher than in the previous planning period from 2021 to 2025

8More than 100 nations convening in Nairobi next week are expected to take the first steps toward establishing a historic global treaty to tackle the plastic crisis afflicting the planet

8ExxonMobil has completed its first commercial sale of certified circular polymers, using its Exxtend technology for advanced recycling of plastic waste. The purchaser is Berry Global, a leading provider of innovative packaging and engineered products, which will use the circular polymers to manufacture containers for high-performance food-grade packaging on a mass balance approach

8Axens and Univation Technologies have entered into a cooperation agreement with the purpose of developing improved capital and operating efficiencies for the production of on-purpose linear alpha olefins (LAO) – including both butene-1 and hexene-1 - for use in manufacturing polyethylene resins with the UNIPOL PE Process

8The US has issued new steps toward revitalizing strained supply chains, including adding resilience to freight networks and manufacturing operations

8Russia's Togliattiazot, the world's largest ammonia exporter, has suspended transit of ammonia following the invasion of Ukraine, the company said Feb.25

8Technology giant Marie Tecnimont has a massive exposure to Russia
8And that is bad news

8Rubber prices in Singapore

8Get weekly foreign petrochemical prices here
8As well as product vs. raw material spreads

Iran's petrochemical industry has been stymied by many problems.
8“Low diversity of products, lack of investment, sanctions, slow pace of completing value chain projects, absence of long-term plans and constant change of policies have posed formidable obstacles to the industry,” one industry observer said.