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OfBusiness Sugar Dailies | 26th October 2023

OfBusiness Sugar Dailies | 26th October 2023

In UP, rates increased by Rs. 25-55/quintal in eastern, western, and central zones. Tamil Nadu's rates remained steady at Rs. 3700 to Rs. 3875/quintal, while Uttarakhand saw an increase of Rs. 50-60/quintal. Maharashtra faces reduced sugarcane production.
OfBusiness Polymer Dailies | 26th October 2023

OfBusiness Polymer Dailies | 26th October 2023

PP IM Rs.91/kg levels Ex Godown. LLDPE Rs.80/kg Ex Mundra/Bhiwandi. LDPE prices are around Rs.93/kg Ex Mundra/Bhiwandi. HDPE PE100 natural Rs.98/kg Ex Mundra/Bhiwandi. HDPE PE100 black Rs.100/kg Ex Mundra/Bhiwandi. HDPE HM Rs.90/kg Ex Mundra/Bhiwandi. HD Blow Moulding Rs.93/kg Ex Mundra/Bhiwandi.
Global PVC Market May Take a Bullish Turn in November 2023 Amidst Meagre Inventories

Global PVC Market May Take a Bullish Turn in November 2023 Amidst Meagre Inventories

PVC prices resilient in November 2023 amidst low inventories and high production costs. Oil price hike, prompted by Hamas attacks on Israel, benefits ethylene producers tied to the oil-based market. Overall bullish trend anticipated.
Brazil sugar production up 22% in early October, says UNICA

Brazil sugar production up 22% in early October, says UNICA

Brazil's center-south region sees a 22% increase in sugar production in the first half of October compared to the previous year, reaching 2.25 million metric tons, according to industry group UNICA.
Philippines to raise ethanol blend to 20 per cent to lower...

Philippines to raise ethanol blend to 20 per cent to lower...

Philippines plans to voluntarily raise the ethanol blend in gasoline from 10% to 20% in an effort to lower domestic fuel costs. Government officials predict a reduction of over one peso per litre in gasoline prices.
Turkey’s coking coal imports down 4.2 percent in January-August

Turkey’s coking coal imports down 4.2 percent in January-August

Turkey's coking coal imports fell 4.2% to 3.09 million mt from January-August this year, with August seeing a decline of 25.3% month-on-month yet rising 26.3% year-on-year to 385,907 mt. Import revenue also decreased substantially.
A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now

A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now

Limiting Russian oil sales to $60 per barrel, a strategy aimed to financially pressurize Putin due to the Ukraine situation, remained largely nominal as majority of Russia's prime revenue-generating crude costed less priorly.
Middle East crisis not impacting gas supply to Italy, Eni CEO says

Middle East crisis not impacting gas supply to Italy, Eni CEO says

Despite the Middle East crisis, Eni CEO assures no disruption in gas supplies to Italy, allaying potential concerns.
Record Production Dampens US Natural Gas Prices in October 2023

Record Production Dampens US Natural Gas Prices in October 2023

US natural gas prices hit three-week low in October 2023 due to record production, significant storage, and reduced heating demand across America.
European Pet Coke Prices Fall Amid Increased Supply, Stability Observed in US and Chinese Markets

European Pet Coke Prices Fall Amid Increased Supply, Stability Observed in US and Chinese Markets

European Petroleum Coke (Pet Coke) market saw a 0.7% decrease in prices due to increased supply in October 2023, making it competitive to coal. Higher freight rates further reduced Pet Coke and coal prices.

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