Chemicals News Today

Importers have decreased Toluene prices by Rs.0.50/kg, bringing the new rates to Rs.85.50/kg ++ Ex Kandla and Rs.85.00/kg ++ Ex Mumbai. The trader offers show variability, ranging from Rs.84.50/kg ++ to Rs.85.00/kg ++, influenced by pressures to liquidate inventory.

Asia's gasoline markets remained balanced as declining U.S. inventories counterbalanced losses due to elevated Singapore stocks; Pertamina launches its H2 term tender.

Dow has expanded its propylene glycol capacity by 80,000 TPA at its facility in Map Ta Phut, Thailand, making it the largest such facility in Asia Pacific. The expansion is expected to provide a cost competitive supply of materials.

April 2024 saw a surge in acetylene prices due to increased downstream demand in Asia, particularly India and China. This reflects China's recovering economy and boost in construction, marked by a significant rise in new home prices.

In Europe, Polymethyl Methacrylate prices remain steady due to high upstream costs and scarce inventories. However, a probable softening is expected mid-Q2 2024 amid weaker downstream demand. Buyers remain cautious, expecting more discounts.

Global Sulphur market exhibits fluctuating trends amid supply-demand imbalance, observing stable prices in Asian and North American regions. Middle-Eastern markets reflect a decline due to high inventory levels. Geopolitical challenges add to the instability.

Oil Marketing Companies have invited bids for supplying around 66 crore litres of Ethanol for ESY 2023-24. Bidders should specify ethanol production from diverse feedstocks like Sugar Cane Juice, Maize, Damaged Food Grains etc.

Amidst the Russia-Ukraine conflict, Chinese exports of toluene and xylene surge. This article examines the price dynamics, oversupply challenges, and implications for the gasoline market. Navigate the evolving landscape and proactive strategies for stakeholders.

April 2024 saw a strong surge in Magnesium Sulphate prices, recording a 12.5% increase due to high demand outpacing supply. The thriving cosmetic sector, led by companies like Beiersdorf, is boosting demand.

India's sugar production forecast to reach 30 million tonnes next year. High domestic demand and government focus on ethanol production may reduce export attention, revealed Agricultural Options Broker, Dev Gill. Exporting remains secondary to local demand fulfilment and ethanol production.