8Catch here our daily tracker of chemical prices in Mumbai

Mixed-Xylene prices in the US Gulf have moved downwards. 

Toluene prices have moved up in Europe on account of positive buying trends in the region. 

On May 25, 2021, Petrochem sources reported a fall in dioctyl phthalate prices in the Mumbai chemical market.

C9 solvent prices have drifted lower in Mumbai.

Acetic acid prices in Mumbai fell today on the back of poor regional demand. 

New prices for ethyl acetate have been declared at Ex-Laxmi.

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

A reduction in aniline prices has been announced at Hazira.

A fall in phenol prices in the imported market of Kandla was noticed on May 25, 2021.

ACN prices moved higher today in the imported market of Kandla.

SI Group has announced an increase in phenol prices.

On May 25, 2021, trading sources reported a fall in benzene prices in the domestic market of Mumbai.

On May 25, 2021, PAN prices were quoted higher in the Mumbai market.

8The Indian chemicals industry accounted for 7% of the GDP and contributed 4% to the total FDI equity inflows and ~8% to the country’s exports
8The industry is highly diversified, covering >80,000 products and employing more than 2 million people
8The chemical industry is expected to contribute US$ 300 billion to India’s GDP by 2025
Know more on what is ahead with this industry

8“UN TIR Carnet” facilitates seamless movement of goods by road or multimodal across international borders without any additional checks under the TIR procedure as defined by the United Nations TIR Convention
Find out more on how it works and how to use the facility

Single use plastics is not a cause of much controversy the world over
8Find out more on the pros and cons of single use plastics
8And what is the way forward

8June will perhaps see an increase in PE prices

8Clariant Chemicals puts up a good financial show for the year
8The pandemic notwithstanding, the company showed resilience

8Polymer Composites Filled with Metal Derivatives: A Review of Flame Retardants

Urea imports will continue in earnest for some more time to come
8This is because work on new ammonia-urea plants have got delayed
8They were meant to be completed by about now but looks like they will get extended till next year as offsite and work meant to be done directly by the promoters are lagging behind

One theory behind higher chemical industry profitability is that the Chinese government has been focusing on reducing pollution which has lead to closure of 80,000 Chinese chemical companies
8This has reportedly giving a fillip to Indian chemical manufacturers profitability

After interacting with various traders and market sources, Petrochem analysts have noted that the demand for PVC in the domestic market has gone up.

On May 24, 2021 Petrochem analysts reported buying activities in the polymer market of Delhi.

On May 24, 2021, HDPE blow moulding prices were assessed lower in Mumbai.