8Get the December 2021 outlook on the Indian economy

8State-owned Oil India Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for USD 25 million -- the second exit of an Indian firm from the US shale business in two months.

8Crude oil prices on Thursday fell Rs 4 to Rs 5,091 per barrel after participants cut their positions.

On January 19, 2022, trading sources reported a fall in acetic acid prices in the Mumbai chemical market.

High DOP prices were reported in the Kolkata market, today.

On January 19, 2022, acetone prices moved higher in the kolkata market.

NBA prices have decreased at Hazira.

MEK prices have escalated in the Kandla market today.

Prices for octanol are cut at Hazira.

Petrochem sources in Kandla have reported a rise in phenol prices.

Benzene prices have risen at Vizag.

Prices for DEG have dropped in Hazira.

An elevated trend is noticed in aniline prices these days.

Petrochem sources have reported a huge fall in Acrylonitrile prices in the Mumbai chemical market.

On January 19, 2022, Petrochem sources reported a fall in benzene prices in the Mumbai market.

Deepak Fertilisers & Petrochemicals Corporation Ltd seems to have eventually made the transition to a speciality chemical player from a commoditized portfolio company
8And this has raised its valuation multiple times
8A remarkable performance indeed

8On December 14, 2021, China’s Ministry of Emergency Management (MEM) released a draft on the “Regulations on the Management of Safety Information Codes for Hazardous Chemicals (Trial)” and began soliciting comments from relevant organizations
8This may be of interest to some in India

8A Rs 20 crore capacity plant is coming up for synthetic resins

8BASF plans to expand European production for Hexamethylenediamine and Polyamide 6.6.
Meanwhile,, the company has partnered with China BlueChemical and Wuhuan Engineering to develop new technology for use of CO2 rich marine gas

8Eastman to invest up to $1 billion to accelerate circular economy through building world’s largest molecular plastics recycling facility in France

Apcotex Industries Ltd (Apcotex) is a leading producer of synthetic rubber (nitrile rubber, high styrene rubber, nitrile polyblends and nitrile powder) and synthetic latex (XSB latex, VP latex, styrene acrylics and nitrile latex) in India.
8Apart from its current product, the company has readied a pipeline of next generation products

8There is an expansion project coming up for for a plant producing synthetic rubber and lattices
8The project cost is impressive: Rs 160 crore

8More crackers in Asia are planning to slash run rates, a decision propelled by weak cracker margins

Get the pricing outlook here for
8Naphtha
8MTBE
8Toluene
8Isomer-MX
8Ethanol

Radiant Indus Chem Pvt. Ltd is engaged in the manufacturing of oxalic acid, sodium nitrite (by product in oxalic acid manufacturing) and processed food items such as jams, mayonnaise, sauces, pickle and vegetable paste.
8And it has got itself a ratings update