India
May 19th, 2011
Indian Oil Corp to Invest Rs 4,500 Crore in Polypropylene Project at Paradip Refinery
Indian Oil Corporation plans to invest Rs 4500 crore in a 1.2 mln tpa polypropylene project at its Paradip refinery. IOC made its foray into the polymer business last year with a naphtha cracker at the Panipat refinery. However, stressed finances put the polypropylene unit on hold. The PSU has revived its plans for a...
May 12th, 2011
Naphtha/Gasoline Cracks in Asia May Not Continue to Stay Firm
Asia’s naphtha prices rose for the third consecutive day on Wednesday, to a four-session high, and have recovered most of the US$106/ton it lost in a single day last Friday, as per Reuters. Some sellers continue to be upbeat, on expectations of tight supplies next month. However, India’s Reliance Industries’ decision to cancel a term...
Jan 24th, 2011
Coal Market Trends of 2010
Global demand for coal drove prices up in 2010, and this trend should continue in coming years, due in part to growing energy needs of the world’s two largest consumers of coal: India and China.
China, the world’s fastest growing major economy, has massive coal reserves, but the country’s energy consumption is growing so rapidly that...
Jan 24th, 2011
Firm Outlook in South East Asia’s PVC Market for February
PVC prices in Southeast Asia are expected to move higher in February, with initial offers for both local and regional business having already been announced with increases when compared with sellers’ most recent January sale prices, as per Chemorbis. Producers pointed to higher import PVC prices in China and India as well as persistently strong...
Jan 20th, 2011
Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia
CRUDE OIL
In the week of January 17, 2011, benchmark oil for February delivery settled at US$91.5 on the Nymex, rising after government reports suggested that the US economy is gaining strength. It is reported that in USA, retail sales and industrial production rose last month. As per another report by the US Labour Department, consumer...
Jan 17th, 2011
Singapore Welcomes Two More Synthetic Rubber Makers
Singapore’s Jurong island is all set to welcome two more synthetic rubber manufacturers.
Two more investors, Sumitomo Chemical and Asahi Kasei Chemical, are setting up their latest S-SBR plants there - believed to cost hundreds of millions of dollars each - joining Germany’s Lanxess which is building a 400 million euros (S$712 million) butyl rubber facility...
Jan 12th, 2011
India Seeks More Coal Blocks From Mozambique
India has urged Mozambique to consider allocation of more coal blocks to Indian companies besides expediting formalities for making operational two blocks, already allocated to Coal India Ltd.
The Minister of State of Coal, Jaiswal on two -days tour to Mozambique, with a delegation of Coal Ministry’s officials including the Chairman of Coal India Ltd. had...
Jan 11th, 2011
Indian Steel Products Price Shoots Up
Flooding in Australian coal mines in addition to the sky rocketing of scrap and iron ore prices has triggered the steel product prices went up phenomenally in Indian domestic market.
In line with this the Indian Long Product Price Index (ILPPI) surged by 143 points on January 10th 2011 whereas Indian Flat Product Price Index IFPPI...
Jan 6th, 2011
China Lifts Duty on OX, Paraxylene, Isomer-mixed Xylenes From Taiwan
Effective January 1, 2010, the Chinese government is to lift duty on OX and other xylenes — paraxylene and isomer-mixed xylenes — produced in Taiwan. Removal of import duty on orthoxylene from Taiwan will seriously undermine the “competitiveness” of South Korean producers, as per Platts. India’s Reliance Industries Ltd, which exports an average of 8,000-10,000...
Nov 4th, 2010
Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia
CRUDE OIL
Yo-yoing oil prices have ended the week of November 1, 2010 a tad higher than last week. Oil for December delivery rose to US$81.96 on the Nymex, while Brent crude for December settlement rose to US$83.36 a barrel on ICE Futures Europe exchange. Speculations of another round of credit-easing measures by the US Federal...
Nov 1st, 2010
Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia
CRUDE OIL
Crude oil prices have moved up to end the week of October 25, 2010 at US$81.7 on the Nymex while Brent crude for December traded at US$83.4 on the ICE Futures Europe exchange. An on going strike in France is expected to lead to a rise in French demand for imported fuel. A widespread...
Nov 1st, 2010
Domestic, Import PVC Prices Moving Lower in India
Players in India report that PVC offers in the import and domestic market are moving lower this week owing to lackluster buying interest from converters, as per Chemorbis. Converters are expecting to see some additional price declines in the days ahead as their customers because of sufficient end product stocks with the customer, who are...
Oct 28th, 2010
Polypropylene Prices for November Higher to Asia, Turkey
November PP prices have been announced higher to Asia, Turkey. The increases came despite fluctuating crude oil prices, hesitant demand in China as a result of the Chinese Central Bank’s recent decision to raise interest rates, along with the lower spot propylene costs, which have been posting gradual decreases since the middle of October in...
Oct 7th, 2010
Indian Players Predict Improved PVC Demand By End of Month
Import PVC prices have been softening gradually over the past few weeks in India, in the face of lackluster demand, as per Chemorbis. Although demand is expected to remain sluggish for the short term, a revival in demand towards the end of the month is being predicted by a several players based on the need...
Sep 28th, 2010
Strong Growth in India’s Petrochemicals Demand Likely to Subside
Strong growth in domestic petrochemicals demand in H1-10 is likely to abate, owing to a cooling in economic activity, but the Indian market is strong enough to justify the planned rapid increase in capacities, according to BMI’s latest report. In 2010 and going into 2011, there are signs are that we will see a cooling...
Aug 11th, 2010
Brazil Is One of the Developing Countries Experiencing Pesticide Industry Growth
The rapid increase in the population and limited land availability form the most important factor stimulating market growth for agrochemicals. The other market drivers are lack of natural resource management, need for plant genetic resource conservation, and improper planning by the farmers in crop production. However, lack of farmer awareness in using agrochemicals and rising...
Aug 3rd, 2010
Tt Further Added That the Output in the January-June Period Gained to 339 Million Kilograms From 333.9 Million Kilograms a Year Earlier
Tea output from India, has reportedly dropped 12% in June after pest attacks damaged the crop in the main growing region.
The Tea board said that production was 104 million kilograms in June,as against 118 million kilograms last year. It further added that the output in the January-June period gained to 339 million kilograms from...
Jul 15th, 2010
French Bean Accounts for 55% of Vietnam Exported Bean Volumes
Vietnam joined the WTO in January 2007 following more than a decade-long negotiation process. WTO membership has provided Vietnam an anchor to the global market and reinforced the domestic economic reform process. Agriculture’s share of economic output has continued to shrink.
In Vietnam agriculture accounts for 22% of GDP, 30% of exports and 70% of employment....
Jul 15th, 2010
Mexico Promotes Production of Plant Oil Based Biofuel
Nowadays Mexico’s economy is enduring a steep recession—its worst since 1995. Any recovery next year will only be gradual. Total Mexican market for plant oils for both industrial and food use achieved 1.878 million tones last year.
Rapeseed and soybeans oil account for 77% of total Mexican plant oil output and 64% of consumption. In...
Jul 14th, 2010
Water and Wastewater Management in India 2010 and Other Market Reports by Netscribes (India) are Available at MarketPublishers Ltd
LONDON – Market Publishers Ltd informs that new in-demand market reports by Netscribes (India) have been added to its catalogue.
Restaurant Market in India 2010. With growing urbanization and changing lifestyles, the organized players have occupied a firm foot hold in this market which is worth INR 580 bn and shows huge potential for...