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Current Chemical Updates

Crude oil plunged on bearish demand outlook

As a result of a weaker demand outlook, oil prices fell on Friday. Oil prices are back at the levels they were before Russia invaded Ukraine, illustrating traders’ focus on a global recession and demand destruction. WTI crude was assessed at $88.48/barrel, down 6 cents while Brent crude dropped 10

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SM prices escalated in Asia

SM prices increased on bullish buying sentiments from industry players across the Asian region. On, Friday, FOB Korea SM prices were assessed in the range of USD 1130-1140/mt while CFR China prices were assessed in the range of USD 1140-1150/mt. As per the source, feedstock benzene FOB Korea prices have

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Propylene prices plunged in Asia

As a result of low buying sentiments from industry users and ample product availability, the price of propylene plunged last week. As per the report,  CFR South East Asia prices of propylene were assessed in the range 975-985/mt down by USD 30/mt week on week basis. In the CFR China

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Oil prices escalated on supply outages

On Friday, Oil prices increased about 3% due to supply outages in Libya. The likelihood of a shutdown in Norway outweighed the possibility of a slowdown in the economy. As per the report, Brent crude futures were up $2.71 at $111.74 a barrel increasing by 2.75 % while WTI crude

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June 03, 2022

– Rasayan connect launches online B2B chemical marketplace. GaurangPancholi,CEO of Rasayan Connect said “Globally there is a huge gap between real chemical intermediate manufacturers and buyers in chemical industries which needs to be filled”.

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June 03, 2022

– KBR, Inc. has entered into an agreement to invest an additional 100 million dollar in Mura Technology(Mura)bringing aggregate investment to 18.5%.

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June 03, 2022

–  Bodal Chemicals Limited, India’s largest integrated manufacturer of dyestuff and dye intermediates planning modernisation at Rajpura and capacity addition at Saykha.

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June 03,2022

Deepak Nitrite Ltd has announced about an incidence of fire around warehouse section of the Company’s manufacturing site located at Nandesari, District Vadodara, Gujarat. No Casualty recorded,the company thanked fire brigade for their timely support.

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June 04,2022

– India Pesticides Limited,CEO,D.K. Jain said, “We have planned Rs. 500 croreCapex at Hamirpur over a period of around four years, because we will be building in blocks so all capex will not be done at a time. We would be doing a Capex of Rs. 100 – 125 crorecrore

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June 02, 2022

– Kansai Nerolac Paints gets leadership position in CRISIL’s Sustainability Yearbook, 2022 The company is one among the only 14 companies that have been placed in this category for their ESG initiatives.

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June 02,2022

– “Silky SF”a cationic softner launched by Cosmo Speciality Chemicals,a subsidiary of Cosmo Films Ltd.   This newly launched product provides excellent softening texture on all kinds of textile.

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June 01, 2022

Vipul Shah, Managing Director, Vipul Organics Limited said, “We faced headwinds in the form of increasing raw material costs due to the global crisis. The pandemic also affected our working as we were not able to utilise our production capacities to the optimal for the entire year. However, we are

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