Published on May 31, 2017
Recently China hosted “One Belt One Road” forum which was attended by heads of around 100 countries including the heads of African nations, South Asian countries, Russia and Europe. There were higher ranked dignitaries as well which includes the president of the World Bank and the managing director of the IMF. In this entire summit India distanced itself and decided not to participate in OBOR policy. The idea of this policy this is to rebuild the old marine and overland trading rou ..
Published on May 24, 2017
There has been persistent weak demand and weakening of prices in petrochemical market in Asian countries this year. Asian markets have been the poor performers in international market in petrochemical segment. The downward in this segment was prominent due to slacking of crude values in international market. This in turn led to weak demand in the downstream segment. The major petrochemical feedstock naphtha closed at $453.50/tone CFR last week in Japan, down from the average ..
Published on April 18, 2017
Prices of domestic methanol product plunged notable in one month duration. In the month of March average methanol prices were assessed at Rs 29/kg although presently prices has ascertained in the range of Rs 22-23/kg. A sharp plunge in the prices was on account of good amount of material availability and bearish sentiments from downstream sectors. Previous week CFR India prices of methanol were assessed in the range of USD 288-308/mt and CFR China prices were remained in the range of USD 281-30 ..
Published on February 20, 2017
Recently Methanol prices surged with very fast velocity. This month Chinese methanol market strengthens with prices of imported positive. In near term Chinese methanol market is anticipated to remain strong. As per the recent report in near term some of the downstream plants restarting on account of this methanol demand will go up. Downstream sectors, acetic acid and formaldehyde see the fastest recovery, with plant operating rates escalate to around 80% and 21% respectively. MTO industry resta ..
Published on October 25, 2016
Phenol prices have declined in India on account of supply glut. Presently in Indian market material is available in good amount but demand sentiments have been weaker. On account of upcoming Diwali festival suppliers also have plunged the prices as all the players want to shut the deals before the market close for the festivities. Imported quantity of phenol in the month of September was around 22023mt, while material availability at Kandla port till 20th October were around 35,000-36,000mt, a ..
Published on October 20, 2016
Recent shoot up of melamine prices has made the market players uncertain over how prices will trend in the near term. Chinese domestic melamine prices have augmented stridently as production cut due to government obligatory inspection has made the supply shortage. This week domestic melamine prices were assessed in the range of Rs 106-107/kg for Mumbai and Rs 108-109/kg for Ahmedabad ports of India. As per the report, in the month of September imported quantity of melamine were around 2880MT, ..
Published on May 17, 2016
Week buying sentiments has sharply declined the prices of Phenol in domestic market. Despite the good amount of material availability, Indian importers subdued outlook in rupee denominated market has plunged the phenol prices. A large amount of material has been booked for loading for the month of May which will boost the supply in the coming month. As per the market players the wide spread between feedstock Benzene and phenol prices is means that CFR India prices will go down in near term. Pre ..
Published on June 2, 2015
Taiwan based, Formosa Chemicals and Fibre corp (FCFC) is planning to shut its No.2 Aromatic unit for maintenance turnaround. The unit is likely to undergo maintenance in the month of July 2015. Plant is located at Mailiao in Taiwan and has the production capacity to produce 1,60,000 mt/year of Ortho Xylene and 5,73,000 mt/year of Para Xylene. ..
Published on June 1, 2015
The growth of the technical textiles sector in recent decades has been remarkable. Innovation, mainly originating in the industrialized world, has benefited all stages of the supply chain in textiles, especially advanced and technical textiles. The textile industry is boom at high speed. The world is on a new corridor of industrial revolution. Analysts are anticipating more development with latest technologies in Textile Machineries. The textile machinery manufacturing hubs like China, Germany ..
Published on February 21, 2015
UAE’s oil and gas sector is feeling the heat from the record fall in oil prices in recent months. A recent survey recorded that a large number of the 200 firms it polled were expecting to add jobs in 2015. The growing sectors include financial services, retail, tourism and health care; and 91 per cent of those polled are expected to hire new employees. However, the job market for the oil and gas sector has softened following the oil market crash. The falling oil prices have led to a redu ..