Primo Chemicals commences commercial production of caustic soda flakes Primo Chemicals Ltd has commenced the commercial production of Caustic Soda Flakes, at Naya Nangal, Punjab, with an installed capacity of 66,000 Ton PerAnnum (TPA) on November 30. Ion Exchange India gets favorable verdict in arbitration claim filed against it by Ethigen Ethigen had filed an Arbitration claim of approx. Rs. 149.56 crores for damages against Ion Exchange (India) at the International Chamber of Commerce (ICC) alleging the wrongful termination and breach of terms of the agreement by Ion Exchange (India) Limited. The ICC tribunal has delivered the Arbitration Award. As per the award order copy received by the company, the ICC tribunal has rejected Ethingen’s claim for damages against the Company and has also rejected all other claims and requests of the parties. Ganesh Benzoplast to issue shares to promoter entity, Malabar India Fund The Board of Directors of Ganesh Benzoplast Ltd have considere...

Price trend According to the monitoring data of toodudu, the price of flake caustic soda was weak this week. The average market price at the beginning of the week was 4,866.67 RMB/ton, and the average market price at the weekend was 4,766.67 RMB/ton, down 2.05% and 17.82% year-on-year. The domestic flake caustic soda market maintained a weak trend. Analysis review According to the monitoring data of toodudu, the price of caustic soda has been consolidated. The average market price in Shandong at the beginning of the week was about 1,232 RMB/ton, and the average market price in Shandong at the weekend was 1,198 RMB/ton. The price decreased by 2.76%, and the price increased by 124.98% compared with the same period of last year. According to the survey data of toodudu, the domestic caustic soda price was running weakly this week. The average market price in Shandong was around 1,100-1,230 RMB/ton. The mainstream ex-factory quotation of 32% liquid caustic soda in Hebei was around 1,150-1,...