Published on December 7, 2020
Braskem Idesas has declared force majeure after it was cutoff from natural gas supplies by Mexico’s national center for control of natural gas (CENAGAS). Braskem Idesa is the main domestic producer of polyethylene (PE) in Mexico. Its Ethylene XXI complex has installed capacity of 1.05m tonnes/year of ethylene, in addition to 750,000 tonnes/year of high-density polyethylene (HDPE) and 350,000 tonnes/year of low-density polyethylene (LDPE). ..
Published on November 2, 2020
On Friday closing, WTI on NYME closed at 35.79/bbl. Prices reduced by 0.38/bbl in compared to last closing prices. While Brent on Inter Continental Exchange has reduced by 0.19/bbl in compare to last closing price and was assessed around $37.46/bbl. ..
Published on August 30, 2018
Plastic industry makes significant contribution to the economic development and growth of various key sectors in the country such as automotive, construction, electronics, healthcare, textiles, and FMCG. Government initiatives such as Digital India and Skill India are opening up opportunities for accelerated growth in the plastics industry, as the industry is contributing in a big way. As per PLEXCONCIL India’s plastic export has risen by 17.1% in FY18 which is USD 8.85 bn and targets exp ..
Published on August 14, 2018
Rubber manufacturing industry in India is becoming over-reliant on imports of low-cost natural rubber.The Indian rubber industry’s over-dependence on imported, cheap natural rubber may be highly unsustainable, posing serious challenges for its growth and competitiveness. Natural rubber production has hit a six-year low of 1.26 lakh tonnes in the first quarter of 2018-19 as consumption reached a peak of 3.02 lakh tonnes. As per recent information, domestic natural rubber production meets ..
Published on August 7, 2018
The beauty and wellness industry in India is growing, with a tremendous potential for growth. In fact, it is growing twice as fast as markets in the United States and Europe. Indian Cosmetics market is projected to grow at a CAGR of over 6% during 2018-2023. Increasing number of beauty salons is supporting Indian cosmetics market. As pre market players, The Spa Association of India estimates that the spa industry is currently valued at around Rs. 11,000 crores and will continue to grow at a fas ..
Published on August 2, 2018
There has been rise in manufacturing cost of plyboards due to this price escalate by 5-6% in July month. The price increase in Eucalyptus, required chemicals and labor wages shall push up the plywood prices by 7-8% in next four months. The plywood sector is anticipated reduce the popular plywood dispatches in next few months as timber price rise looks impending. As per report, the decorative laminate sector is the most impacted by cost increase in raw materials in entire product category of woo ..
Published on July 23, 2018
Dyes Industry is one of the core chemical Industries in India and is also the second highest export segment in the industry. For the dye industry Gujarat and Maharashtra account for about 90% of the total production in India and this is due to the easy availability of raw materials as well as the dominance of the Textile sector in these area. With the trade war between USA and China there are various economies being affected. China has also shut down a number of dyes industries in order ..
Published on July 17, 2018
Indian paint sector is moving with soft velocity because of rainy season across the country. Because of slow demand, stipulation for all the upstream chemicals also has been bearish. Some market players have said that after the rainy season in the coming month Sep- Oct demand for paint sector again will take an affirmative boost and decorative paint stipulation will go up as presently consumers will look for innovative textures only. As per market players, despite, the current low per capita co ..
Published on July 4, 2018
India’s pharmaceutical industry is growing with rapid pace. It has emerged as world’s third largest producer of drugs in terms of volume. In last few years the industry has posted double-digit growth, rising to US $36.7 Billion in 2017 and projected to grow to US $55 Billion by 2020. For the last several decades, the Indian pharmaceutical industry has been dependent on APIs (active pharmaceutical ingredients) as well as key intermediates for API manufacturing sourced from China. This ..
Published on June 25, 2018
The Rubber industry in India is growing with its roots deeper. India is the 3rd largest consumer, while the largest producer of natural rubber in the world. The growth of rubber industry in India plays a significant role in the global economy. In India Kerala rubber industry is a leading producer contributing almost 90% of total natural rubber production of India. Kerala and Tamil Nadu together cover total 86% of growing area of natural rubber. In India Automotive tyre sector consume around 50 ..