Market Flash

Toy company Spin Master Corp. has expanded its outdoor product line by acquiring the flying disc assets of Aerobie Inc. for undisclosed terms.

• Flying Disc

The price of OPEC’s basket of 14 crudes stood at $49.73 per barrel on August 2, as compared to $49.59 per barrel on August 1, the cartel said in a message on its website.

• OPEC
• Oil

Oil prices may be stuck in the mud, but Canada’s largest energy companies are showing that they’re adjusting to the new reality, and can still produce healthy earnings.

• Oil
• Energy

Intumescent is substance which swells if contacted with heat exposure; thus it expands in volume and decreases in density.

• Intumescent

Sealed Air Corporation (SEE) said that it is increasing prices for all products in its North American product care division. The increases will be effective 1 September 2017.

• Sealed

National Green Tribunal (NGT) may have rapped the Delhi government recently for not implementing the ban on plastic crockery, but the issue of plastic waste is anything but new and is unlikely to get resolved till a long-pending case is decided.

• Plastic

Rise in global yarn production seen by nearly 30 percent during the first quarter of 2017 while on a year-on-year basis it increased by 1.9 percent. The increase in global yarn output was mainly due to 31.8 percent increase in Asia.

• Yarn

Research shows that more than one third of shoppers in the EU (35%) are proactively avoiding food and drink products that contain artificial additives or preservatives, while the same proportion say they regularly check the ingredients list on pack.

• Ingredients
• Food

The European supply chain for printing ink pigments is currently going through a transition period, which has raised hopes for greater stability in prices and more secure availability of products. But these expectations may turn out to...

• Pigment
• Titanium Dioxide

Chinese authorities have massively reduced the country's logistics by canceling road tolls and encouraging internet-based freight brokerage.

• China
• Logistics

China has held over 4,660 officials accountable for their poor environmental protection work after the latest round of inspections, the Ministry of Environmental Protection (MEP) said Tuesday.

• Environmental
• Protection
• Inspection

World oil prices are dropping on August 2 amid the report released by the American Petroleum Institute (API) about the US crude stock volume. The price for October futures of Brent oil has decreased by 0.60 percent to $51.47 per barrel as of 06:28

• Oil

According to National Development and Reform Commission, the volume in chemical industry was 4.5% Y-O-Y, and the growth rate decreased 4.7% Y-O-Y.

• Ethylene

In June 2017, China exported 78,549mt of titanium dioxide, and the volume increased 22.96% year on year and up 7.94% month on month.

There is a lack of systematic data on human exposure to chemical mixtures in water systems, according to a WHO report.

• Water

Oilfield Stimulation Chemicals are revolutionary products that are designed to support and enhance the stimulation process during oil extraction.

• Oil

Taiwanese garment manufacturer Roo Hsing says it would be the world’s largest jeans provider from Aug. 1 after a merger with China-based JD United Manufacturing. Jeans production

• Jeans
• Garment

Environmental Protection Tax Law passed in December 2016 will be implemented as of Jan 1 2018. The value of environmental protection tax is established based on existing standard of pollutant discharge fees

• Dye
• Tax

The United States is expected to overtake the European Union as China's largest trade partner this year, a former vice-minister of commerce said.

• Trade
• China
• Textile

Ahead of the festive seasons of Dussehra and Deepavali, the Supreme Court on Monday prohibited the use of five chemicals, labelled as toxic by the Central Pollution Control Board (CPCB), in the manufacture of firecrackers.

• Toxic
• Chemical