News & Bulletin Updates

8Tuesday saw a small decline in Japanese rubber futures due to a higher yen and slight losses in the Shanghai market, but the decline was restrained by stronger domestic stocks

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8Get the latest rubber prices for Kochi

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8From 2020 to 2029, the worldwide industrial rubber market is anticipated to expand at a CAGR of 4.6%. It is anticipated to increase from USD 30.91 billion in 2020 to USD 46.33 billion or more by 2029

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8Recent board appointments for the Association for Rubber Products Manufacturers (ARPM) include four new members. Learn more about the members that were just appointed

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8The Corporate Communications division of WACKER was put under Markus Richter's direction. He replaces Jörg Herrmann, who will advise him until the end of February before stepping down on March 1 of 2023

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8A regular quarterly cash dividend of $0.42 per share, due on January 31, 2023, was declared by RPM International Inc.

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8According to predictions, the global market for aerospace adhesives and sealants will be worth US$ 1515.2 Mn in 2032 after growing at a CAGR of 5.1% from US$ 921.4 Mn in 2022

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8This most recent publication has further information regarding the oil and gas industry in India
8Discover what this latest overview has to offer

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8Get the latest rubber prices for Singapore

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8Jindal Steel Odisha Ltd. (JSOL) derives strengths from the company’s strong parentage Jindal Steel & Power Ltd
8Know more about what is the company up to

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8As the polymer sector prepares to achieve 2025 climate and recycling commitments, the European Chemical Industry Council (Cefic) has encouraged EU regulators to recognize the "mass balance chain of custody" in circular goods
8The chemicals industry association stated in a statement on January 10 that the mass balance strategy was "essential" to expediting chemical recycling and raising the recycled percentage of finished goods

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8The new Energy Bill Discount Scheme, which is valid for a year, has been welcomed by business leaders in the UK
8However, rivals are quite worried that they would receive far greater assistance, particularly those headquartered in Germany
8When compared to German steel makers, UK steel businesses are likely to experience a 63% increase in power costs this year as a result of the reorganized EBDS's discount for energy prices over £185/MWh

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8In order to quadruple capacity at its North American passenger vehicle tire production facility, Nokian Tyres has launched an expansion project for $174 million (€161 million)

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8Following a fire that started at the facility in December of last year, Nizhnekamskneftekhim (NKNH), a Sibur subsidiary in Russia's Tatarstan, has resumed rubber production

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Gas sellers have a difficult time too
8It is not just about putting up an advertisement and then waiting for buyers to queue up

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Here is an Indian company that is growing rapidly offering solutions to build bio-ethanol plants
8Its turnover now is in rupees thousands of crores

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The fertilizer industry is the largest consumer of gas
8And it is one industry that can consume gas at high price levels
8But this time around, with two big gas sale tenders, they are likely to exercise more caution than ever before
8And this is because they are constrained in more ways than one

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Vedanta is selling 2.8 mmscmd of gas. That is a large enough volume
8But know more on why is it likely to see less interest

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8MRPL is doing a bit of expansion
Find out what it is planning to do

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Urea Reactor (R1) and Carbamate Condenser Unit Revamp Project
8Cost: 200 Cr.
8Project Event: Daynite Engg and Contractors, Jyotsna Enterprises, Larsen & Toubro, and Shilpi Engineering are in the race for the supply of Urea Reactor and Carbamate Condensor, the technical bid has been opened and evaluation is still ongoing, Financial bid is likely to be opened in February 2023.
Single Super Phosphate Greenfield Project
8Cost: 10 Cr.
8Project Event: RFQ for the local contractor is likely to be released in February 2023.The company has elicited the environment clearance in August 2022, Discussion is ongoing

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Contractor names are important for midstream project vendors
Here is a list of contractors for the following midstream projects which are currently under construction
8Dobhi-Durgapur-Haldia Gas Pipeline (GAIL)
8Malkapur POL Terminal Project (IOCL)

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Jan 12, 2023: Daily import matrices

Get the daily updates for
8Chemicals
8Crude
8LNG
8Fertilizers
8Coal-Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update

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Acetonitrile prices have witnessed a steep fall in the Kolkata market.

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Cyclohexane prices has gained in the Kandla market today.

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Improved buying trends have led to an increase in ABS (article lumps scrap) prices in the Mumbai recycled market.

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