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OfBusiness Chemicals Daily Market Report | 2nd March 2024

OfBusiness Chemicals Daily Market Report | 2nd March 2024

In the local market, MDC prices have surged due to manufacturing cartels. GFL, a local manufacturer, is currently offering MDC at Rs.31/kg ++ Ex Plant for bulk transactions, accompanied by a 90-day LC credit term.
Panasonic Secures Supply Deal for Lithium-Ion EV Battery Cans

Panasonic Secures Supply Deal for Lithium-Ion EV Battery Cans

Panasonic Energy, in a major development for the EV industry, has secured a long-term supply deal with H&T Recharge for lithium-ion battery cans in North America, aiming to bolster its production of efficient batteries.
Improving Italian Construction Sector Drives German Cyclohexane Prices

Improving Italian Construction Sector Drives German Cyclohexane Prices

Rising feedstock Benzene prices, up by around 14%, fuelled an approx 4% weekly increase in German Cyclohexane costs in late February 2024, largely driven by growth in Italy's construction sector.
French sugar producer Cristal Union to take stake in TotalEnergies’s biogas...

French sugar producer Cristal Union to take stake in TotalEnergies’s biogas...

French sugar producer, Cristal Union acquires 10% stake in TotalEnergies' BioNorrois biogas facility. The alliance utilizes beet residue for biogas production, as Cristal Union commits to supplying beet pulp for 15 years.
Asia-Pacific blue ammonia prices extend discount to Europe, US

Asia-Pacific blue ammonia prices extend discount to Europe, US

In January, Far East Asia's blue ammonia prices dipped further, widening the gap with other global pricing centers, according to S&P Global Commodity Insights data.
LiCarbonate Daily - March 1st

LiCarbonate Daily - March 1st

March 1st saw significant volatility in lithium carbonate markets, critical for battery manufacture. Spot prices rose, ranging between 98,000-107,000 yuan/ton, averaging at 102,500 yuan/ton - a 3,000 yuan/ton increase.
LyondellBasell Boosts North American Polypropylene Prices in March

LyondellBasell Boosts North American Polypropylene Prices in March

US-based LyondellBasell Industries plans a price increase of 3 cents per pound for all polypropylene (PP) grades shipped in North America in March 2024. Further adjustments may occur based on polymer-grade propylene price fluctuations.
Sinopec Maoming Petrochemical Restarts HDPE Manufacturing Operations in China

Sinopec Maoming Petrochemical Restarts HDPE Manufacturing Operations in China

Sinopec Maoming Petrochemical, subsidiary of Sinopec, resumes high-density polyethylene (HDPE) production in Guangdong, China after planned maintenance shutdown. The facility has an annual production capacity of 400 thousand tons.
Consistent Demand Spurs Rise in Asian n-Propanol Prices

Consistent Demand Spurs Rise in Asian n-Propanol Prices

The n-Propanol prices in Southeast Asia surged by approximately 2% in late February 2024, prompted by solid demand from importers and reduced trade. Consistent needs from cosmetics, personal care, and cleaning agents manufacturers contributed to the rise.
German Ethylene Carbonate Market Stagnates in Feb 2024 Amid low Demand and Policy Shifts

German Ethylene Carbonate Market Stagnates in Feb 2024 Amid low Demand and Policy Shifts

Germany's Ethylene Carbonate market remained stagnant in February 2024 due to low demand from the Lithium-ion battery industry and unstable raw material prices.

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