Global Best Chemical & Petrochemicals Data Base, Chemical Prices

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