Global Best Chemical & Petrochemicals Data Base, Chemical Prices

  About Product: Aniline (C6H5NH2) is yellow to brownish oily liquid possessing a musty fishy odor. Aniline consists of an amino group attached to a phenyl group and is the prototypical aromatic amine. Aniline is used as a precursor while producing a wide variety of products such as polyurethane foam, agrochemicals, synthetic dyes, antioxidants, rubber additives, varnishes and explosives. The key raw materials used for the industrial production of Aniline are Benzene, Hydrogen and concentrated Nitric Acid. The most common route for Aniline production is through nitrobenzene which is produced via nitration of Benzene in a continuous or batch process. This is followed by the catalytic vapor phase hydrogenation of Nitrobenzene. About 75% of the global Aniline produced is utilized for the production of methylene diphenyl diisocycanate (MDI), a chemical compound used as a raw material in a wide variety of sectors such as construction and automotive and for consumer products such as househ

Aiming to restructure its business portfolio for sustained growth, BASF Petronas Chemicals Sdn Bhd (BPC) has announced a permanent turnaround at it Butanediol (BDO) and derivatives plant at Kuantan, Malaysia by March 2021.  Get more info :  https://www.chemanalyst.com/NewsAndDeals/NewsDetails/basf-petronas-chemicals-to-permanently-shut-butanediol-and-derivatives-plant-in-kuantan-directing-a-shift-to-its-business-portfolio-3408 BDO and its derivatives are widely utilized to produce polyurethanes, engineering plastics, elastic spandex fibres, and solvents. Consistent capacity additions in the region due to latest investments in advanced coal based BDO manufacturing sites compelled the company to undertake a strategic shift that intends at expanding its future profit margins. For a smooth transition, the company is currently reaching out in support from all its existing customers, meanwhile it is also assuring consistent survive of its other products, promising stability. BASF Petronas Ch

State-owned GAIL India has posted a consolidated net profit of INR 1,068.16 crore in the quarter ended September 2020, down by about 8.5% from INR 1,167.58 crore in the corresponding period last year. Overall turnover slipped by 23.7% to INR 14,104.80 crore owing to lower gas prices during the quarter. GAIL highlighted about 18% cent improvement in its physical performance by transporting natural gas, 9% in gas marketing, 10% in LPG transmission, 22% in petrochemical sales and 12% in Liquid Hydrocarbon Sales, compared to Q1FY21.  Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/gails-net-profit-slips-85-in-q2-petrochemicals-output-surpasses-q1-levels-3404 The company’s petrochemicals business has witnessed a major upswing with plants operating back to normal levels, registering rise in industrial output by 65 per cent to 221 Thousand Metric Tonnes (TMT) as against 134 TMT in Q1 FY21. As per the details revealed by the company’s Chairman & Managing Director, Mano

As US heads towards Presidential Elections, the energy policy makers in India are keeping a close watch on the results which would decide its impact on the India-US ties. While Joe Biden promises strong push towards renewable energy sources, Trump’s victory may strengthen India’s oil, infra and defense sector. As soon as incumbent Donald Trump pulled US out of the Paris climate change agreement, which aims at mitigating the impact of greenhouse gas emissions on the global temperature rise, Biden launched a campaign promising the US to achieve the target of net zero emissions by 2050 and investing USD 1.7 trillion in the next ten years towards actualizing the same.  Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/a-birds-eye-view-on-the-outcome-of-us-elections-on-indias-energy-sector-3399 Biden’s proposal sounds well when India has already shifted to fifth gear towards increasing its capacity of clean energy projects. Clean energy projects comprise nearly a fifth of

Taking forward the vision of self-reliant India, Meghmani Finechem Limited (MFL) announces plan for the expansion of its Caustic Soda facility from 294 KTPA to 400 KTPA. Besides this, the company is also willing to boost the capacity of its Captive Power Plant at its Chlor Alkali and Derivative unit from 96 MW to 132 MWT.  Get more Info :  https://www.chemanalyst.com/NewsAndDeals/NewsDetails/meghmani-reveals-plans-for-caustic-soda-capacity-expansion-aims-to-reduce-indias-chemical-dependency-3397 The advanced capacity expansion with scheduled completion in March 2022 is anticipated to incur a total expenditure of around INR 2300 Million. Following the expansion, installed capacities of Chlorine and Hydrogen will be raised to 350 KTPA and 116 Million NM3 per annum. The project will also ensure efficient supplies to the upcoming Epichlorohydrin plant to be commenced in FY 2022 and CPVC plant in FY 2023.  Moreover, it is anticipated to serve well in catering the requirement from downstream

Price of Nitrile Butadiene Rubber (NBR) in India jumped in the month of August tracing the feedstock Butadiene (BD) and strengthening demand from the agricultural sector. Sources attributed that NBR prices seem to fetch support from the agricultural rice roller sector in India, while demand from the automotive sector has remained muted for more than a quarter due to unprecedented slump in the market dynamics since the outbreak of COVID-19.The market sentiments rose few weeks after the Indian authorities initiated an anti-dumping probe into NBR imports from China, the European Union, Japan and Russia. India’s local NBR producer, Apcotex, which holds 16,000 tpy NBR capacity, had called out the concerned authorities for investigating into the material injury that excessive imports are causing to the domestic producers.  Players turned optimistic after the Ministry of Commerce and Industry issued a notification regarding initiation of probe on 26 May with anticipations of quick action to s

India’s Urea consumption has strongly moved the global market in the final quarter with shipments up by approximately 50 percent from April through July 2020. Analysts believe that favorable demand and desirable weather conditions have given a strong push to its Urea consumption in the final quarter. Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/surge-in-urea-shipments-to-india-drives-the-global-demand-turns-market-outlook-positive-1309 India state procurement agencies have reported that India has bought about 2.8 million tonnes of Urea via five tenders since April from a leading North American fertilizer manufacturer. The sixth one is expected to close on 10 August. India’s Rashtriya Chemicals & Fertilizers is expected to close a several thousand tonnes import tender also on 10 August for shipment by mid-September. RCF was looking forward to purchase about 1 million tonnes, but there is still a doubt whether the whole quantity can be shipped amid the glo

According to ChemAnalyst report, “ India Polypropylene Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, India Polypropylene (PP) market is anticipated  to grow aggressively at a CAGR of 8.51% during the forecast period due to increased PP consumption as a raw material in the country’s rapidly expanding healthcare sector and growing demand for recyclable Biaxially Oriented Polypropylene (BOPP) films for flexible packaging of food and non-food products driven by the booming FMCG sector. Browse Complete Report : Polypropylene (PP) Market in India Flexible Packaging and Injection Molding grade account for the largest market share in the India Polypropylene market, driven by increased packaged food penetration and strong boost in the e-commerce and organized retail sectors in India. Rising demand

According to ChemAnalyst report, “ Global Benzene Market: Plant Capacity, Production, End Use, Sales Channel, Region, Operating Efficiency, Demand & Supply, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, the global Benzene market is projected to grow at a CAGR of 4.5% during the forecast period on account of robust rise in demand for styrene polymers from various end-user industries such as textile, packaging, building & construction, etc. backed by rise in demand for cumene for manufacturing phenol and acetone. Browse the Complete Report:  Benzene Demand and Supply   Sudden outbreak of novel coronavirus has exacerbated a sharp decline in 2020 Benzene demand, forecasted to dip by almost 2 per cent globally. Benzene margins are curtailed on both demand and supply side due to indefinite halt in industrial activities because of COVID-19. However, as situation in anticipated to improve with time, Benzene demand would recover duri

According to ChemAnalyst report, “ Global Methanol Market: Plant Capacity, Production, Operating Efficiency, Process, Technology, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, the global Methanol market is expected to grow at a healthy CAGR of 5.5% during the forecast period on account of increasing demand for Methanol-based fuels such as Neat Fuels, High Blends, Low Blends, etc. during the forecast period. In addition, Methanol is an essential ingredient being used in countless industrial and consumer products such as construction material, resins, plastics, paints, polyester and a variety of health and pharmaceutical products. Browse the Complete Report:  Methanol Pricing One of the key applications of Methanol is its increased consumption for manufacturing biodiesel, which is biodegradable and safer fuel than other fuels. For producing biodiesel, Methanol acts as a crucial reagent for transesterificati

According to ChemAnalyst report, “Global Iso Propyl Alcohol Market - Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, the global Iso Propyl Alcohol market is expected to grow at a healthy CAGR of 6.87% during the forecast period. Rising demand for solvents across end use industries such as paints and coatings and pharmaceuticals backed by surge in demand for disinfectants, which include hand sanitizers, surface cleaners and other hygiene products would bolster the demand for Iso Propyl Alcohol during the forecast period. Browse the Complete Report: Iso Propyl Alcohol (IPA) Market Demand The outbreak of COVID-19 has been a tipping point in the global IPA market, making it one of the most demanded chemicals during the period of unprecedented crisis. This happened after WHO declared the use of alcohol-based ha

According to ChemAnalyst report, “Global Acetone Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030” , the global Acetone market is expected to grow at an astounding CAGR of 9.3% during the forecast period. Principal demand for Acetone is from the solvents industry representing about 30% of the global demand, followed by Methyl Methacrylate (MMA) and Bisphenol A (BPA) manufacturing. It is anticipated that the global Acetone demand will be led by downstream Bisphenol A sector by 2030. Browse the Complete Report:  Acetone Market Report      However, at the start of 2020, ChemAnalyst report has recorded a spike in Acetone demand globally, considering the effects of novel coronavirus in the current fiscal. Acetone demand has strengthened since the outbreak of pandemic as the commodity stands out amid dwindling petrochemic

According to ChemAnalyst report, “ Global Hydrogen Peroxide Market: Plant Capacity, Production, Demand & Supply, Concentration, Grade, End Use, Sales Channel, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030 ”, the global Hydrogen Peroxide market is expected to grow at a healthy CAGR of 5.1% during the forecast period on account of robust rise in demand from Paper and Pulp industry backed by unprecedented surge in Hydrogen Peroxide consumption for manufacturing disinfectants utilized primarily in food processing, packaging and healthcare industries. Demand for Hydrogen Peroxide has witnessed a remarkable jump in double-digits during the current scenario of pandemic coronavirus and subsequent rise in awareness among people for hygiene and improved sanitation is further likely to propel the demand in the future. Browse Complete Report:   Hydrogen Peroxide Market Analysis  Pulp and Paper Industry accounts for the highest Hydrogen Peroxide D

According to ChemAnalyst report, “ Global Phenol Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030”, the global Phenol market is expected to grow at a healthy CAGR of 5.5% during the forecast period on account of increase in demand for Phenol derivatives from downstream capacity expansions, particularly Bisphenol A (BPA) and Polycarbonate. More than 50 per cent of total Phenol output globally is consumed for BPA production. BPA demand is driven by strong growth in the polycarbonate market serving multitude of industries such as automobile, electrical and electronics, construction materials, medical devices among many others, globally. Asia Pacific region is likely to see around 15 planned capacity additions in Polycarbonate units by 2023. Additions in BPA capacity is also to happen in the region where China wil

The coronavirus pandemic has exacerbated an unprecedented shift in the choices of the industrialists after a significant halt in the supply chains across the Northern hemisphere. Battered by the lack of reliability and transparency issues, economies are rerouting their supply chains after China became the origin of the threatening pandemic that the world is trying to get rid of. Although, China has become quite successful in defeating the contagion after struggling for almost three months, analysts assume that the outbreak high lightened the need of the hour for the world to contract their reliance for the essential raw materials and Active Pharmaceutical Intermediates to a specific region and protect it from other vulnerabilities. With its severe impact on global supply chains, the major economies which had been making good money through trade flows, are now only left with containers stranded in the wrong locations as there is an indefinite delay in the overseas shipments.   

As per the recent interim updates by the American Chemistry Council (ACC),   there is significant uncertainty in the projections of the U.S. chemical industry as it analyzes the potential impacts of Covid-19 which has caused indefinite halt in the country’s manufacturing activities and muted trading. ACC projects the world trade to plummet by 10.5% this year as the pandemic brings a “perfect storm” to the global economy with U.S. experiencing the hardest blow as it reports the spread of the virus in more than 8.2 lakh people, as on Wednesday, 22 nd April 2020. It is being feared that if lockdown restrictions are not eased before the end of Q2 2020, it would result in a sudden and severe collapse in global economy sliding it into the steepest recession since the 1930s. Asia Pacific Chemicals Pricing (Key Products) Propylene : Propylene priced tumbles in Asia on collapse in crude oil value and slackened demand of the product from major consuming segments. Propylene