Global Best Chemical & Petrochemicals Data Base, Chemical Prices

Propylene   is a vital chemical in the field of chemical engineering as it is considered as one of the most important basic chemicals that are used for the production of a number of other compounds. From Propylene oxide to acrylonitrile, cumene and acrylic acid, the derivatives derived from Propylene are a crucial factor in the production of a diverse range of products that we use in our everyday life. These chemicals are used in the production of films, fibers, containers, packaging materials and caps and closures to demonstrate the significance and usefulness of Propylene in modern industry. Let us explore the role of Propylene in various industries and the new solutions it inspires. Introduction Propene, also referred to as  Propylene , serves as a crucial building block akin to ethene, particularly in the production of poly(propene) or Polypropylene. Unlike ethene, propene readily participates in substitution reactions, yielding a diverse array of significant chemicals. It...

Prices of Asia’s naphtha sank to 18-years low in the month of March as evaporating demand, hammered by the crash in crude has hard hit the feedstock market. The scenario turned more unfavorable for the Asian naphtha market after several Asian economies declared force majeure due to the lockdown measures taken to contain the spread of novel coronavirus that has created a havoc across the globe. Halt in economic and industrial activities has curtailed the gasoline and jet fuel demand that has exacerbated the refiners to introduce huge production cuts. Indian refiners had to revise their export and import tenders after the government announced nationwide lockdown till mid of the April month. This has prompted several Indian refiners such as ONGC Petro additions Ltd and Hindustan Petroleum Corp. Ltd to cut their crude throughputs while others had to withdraw their tenders. The lockdown has made the state-owned refiner, Bharat Petroleum Corp Ltd (BPCL) postpone its month-long mai...