Chemicals News Today

The prices of Toluene have decreased in the domestic market due to poor buying interest and lower international prices. In Kandla, the prices fell by Re.1 /kg to Rs.82++ Ex, while in Mumbai, prices fell to Rs.83++ Ex on cash payment terms.

The cost of Ethyl Acetate has decreased by Rs.2/kg to Rs.77++ Ex Pune due to lower feedstock prices. Prices for intact barrels have also been reduced by Rs.2/kg. Despite seasonal demand from manufacturers, supply remains high, and buyers are relying on spot deals.

The Acetic Acid market in the domestic region has experienced a decline in prices this week. Traders have reduced costs by Rs.2 /kg on cash payment terms to Rs.36.25 ++ Ex Mumbai.

Mixed xylene is a colourless liquid that is a mixture of three isomers of xylene. Xylene is an aromatic hydrocarbon that is naturally present in petroleum and coal tar. Industrial sources, auto exhaust, and the use of xylene as solvents are the primary contributors to the release of mixed xylenes back as a byproduct. Thus, mixed xylene acts as an important raw material for chemical production like orthoxylene (phthalic-anhydride), metaxylene (isophthalic acid), ethylbenzene (styrene monomer), and paraxylene (terephthalic acid).

Domo Chemicals has launched a new production line at its facility in Mahape, Navi Mumbai. The production line will produce the company's new range of sustainable polyamides. The expansion is expected to help meet the growing demand for sustainable products in India and abroad.

Traders in the domestic market have reduced prices of Hydrated Phenol (H.Phenol) by Rs.2.5 /kg to Rs.96.50 Ex Kandla due to weak buying interest.

Nouryon is set to increase its organic peroxides production capacity in China by building a new facility at its existing Ningbo site. The expansion aims to meet the rising demand for the company's products in the region and other parts of Asia.

A recent REACH dossier proposed a ban on PFAS and fluoropolymers because of the use of PFAS during production. This has caused concern among fluoropolymer users. Despite current regulations, some PFAS chemicals are still in use, and suppliers are producing fluoropolymers using similar molecules.

Methanol prices have dropped by Rs.0.5/kg due to lower replacement costs and expected Russian and Iranian cargoes. Demand from Pharma, Amines, and Formaldehyde manufacturers has increased, and the supply is still sufficient. Bulk buyers may consider stocking up, and the market may become bullish in April.

BioBTX, a sustainable technology company, has announced its collaboration with Agilyx Corporation, a waste-plastics-to-chemicals company, to produce circular aromatic chemicals. The collaboration aims to develop a sustainable technology that uses waste plastics as a raw material to produce high-quality chemicals.