Market Flash

Experts in Indian traditional medicines, and research scientists from modern medicines, who have come together at the India Habitat Centre in New Delhi

• India
• Cosmetics

University of Rhode Island and Harvard University professors are collaborating through a new research center to study chemicals that have contaminated water at sites nationwide.

• Chemical
• Water

Perfect Textile & Garment Manufacture Co. has joined the Cotton USA licensing programme. This joining is following the launch event of the 'Travel in Denim' collection in Guangzhou, China in June

• Textile
• Cotton

Shanghai Golden Philips has restarted its 150kt/year HDPE plant last weekends (Aug 12-13).

• HDPE
• Pipe

The Chinese ethylene oxide (EO) market increased this week. Up to August 10, the EO fixed price in Sinopec Shanghai Company was RMB 9,300/mt, which was up 3% W-O-W.

• EO

Recently, the supply of Chinese ethylene oxide (EO) has remained tight. Some EO units in Northeast China were shut on breakdowns.

The chemical industry increased greatly in July. According to data from Chemsino, the China Commodity Price Index (CPPI) increased continually, which was 4,644 and increased 4.5% at the end of July.

• Chemical
• TDI
• Caprolactam
• Plastic

Spot acrylic acid and acrylate ester prices in Asia are expected to go on a bullish trend, fuelled by spikes in feedstock costs and amid strong gains in China, where supply has tightened amid strict environmental checks being conducted on factories.

• Acrylate
• Asia
• China

Union Agriculture and Farmers Welfare Ministers Radha Mohan Singh informed that government’s Soil Health Card scheme is reducing the cost of production, along with increasing identification and utility of nutrients.

• Fertilisers

Exports of Egypt's cotton in the 2016-17 season have risen 19 per cent. Last year Egypt banned all but the highest quality cotton seed in order to save its historic crop

• Egypt
• Cotton

Now it dorns materials and coatings which makes it a multi-functional garment, giving enhanced protection, such as being water and stain repellent, fire retardant, changes colour as per external stimuli. It has also become a living entity with the fabric

• Coatings

The polymer foam-producing industry currently consumes around 25 million metric tonnes of plastics every year, creating revenues of around $83 billion. It is expected to grow by close to 2.5% per year over the next ten years.

• Foam

Silica Flour Market size was worth over $350 million in 2015 and is expected to grow at over 7 percent between 2016 and 2024, according to a report by Global Market Insights Inc.

• Silica

Kuwait has begun injecting chemicals into complex oil reservoirs to extract heavier grade oil, in the first operation of its kind in the Middle East, the state-owned Kuwait Oil Co said on Sunday.

• Kuwait
• Oil

The Chinese butyl acrylate market moved up this week. The supply of butyl acrylate was tight, and producers raised offers.

The Chinese cyclohexanone market inched down this week. The international benzene market kept hovering at lows.

The US Consumer Products Safety Commission (CPSC) will hear presentations on an NGO petition to ban organohalogenated flame retardants in several consumer product categories.

• Chemical
• Ban
• Flame Retardant

The head of the US Environmental Protection Agency (EPA) has announced that the backlog of new chemicals that were stuck in the agency’s review processes has been eliminated. The news has attracted both praise and criticism.

• EPA
• Chemical

A swap arrangement for parts of the Dogger Bank wind farm off the British coast puts the power in the hands of their respective owners, a consortium said.

• Oil
• Norway

Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story to watch in the oil markets," according to Helima Croft of RBC Capital Markets.

• Oil
• Price Increase