DCW Limited, a leading specialty chemical company in India, plans to double its CPVC capacity by adding another 10KT capacity.  The company also plans to augment the capacity utilisation of its Synthetic Iron Oxide Pigment (SIOP) plant to 100% with some line balancing Capex to generate an additional 10KT of production per annum.  As per company estimates, the CPVC project is expected to be commissioned in the 2nd half of FY24 and SIOP de-bottlenecking to be completed by Q1 FY24. However, the company is making concerted efforts to try and fast track the projects. DCW is investing around Rs. 125 crore on both of these two projects and anticipates a substantially boost to the profitability, given the high margin profile of these products. Referring to the impact of these steps, Vivek Jain, Managing Director, DCW Ltd. said, “This Capex aligns with our overall strategy of making further inroads into and expanding our speciality chemicals business. We believe...

Product SpecificationOriginQuotation on April 20Quotation on April 21Rise and fallRise and fall%UnitIsooctanol Superior Shandong12433.3312500.0066.670.54RMB/ton N-butanolSuperior Shandong9633.339666.6733.340.35RMB/tonPAPurity: ≥ 99.0Jiangsu8275.008262.50-12.5-0.15RMB/tonPTASuperior Huadong6464.09 6310.91 46.820.75RMB/tonDOPFirst classHuadong11877.5011887.5000RMB/tonDOTPPurity: ≥ 99.0Homemade12050.0012075.0025.000.21RMB/tonDBPPurity: ≥ 99.0Homemade10250.0010283.3333.330.33RMB/tonPVCBrand: SG5Homemade9880.008966.00-20.00-0.22RMB/ton On April 21, the price of plasticizer raw material phthalic anhydride was adjusted in a weak shock, the price of isooctanol rose in a shock, the price of n-butanol rebounded and rose, the price of PTA was adjusted in a shock, and the price of downstream PVC plastic became stable. Recently, the cost of plasticizer raw materials was adjusted in a shock, the downstream PVC market became stable in a shock, the demand for pla...

LG Chem announced on the 21th that it starts to export its first bio-balanced phenol and acetone. It is a product that has acquired the International Sustainability & Carbon Certification PLUS (ISCC PLUS), a global sustainable eco-friendly material certification, using renewable bio-feedstock such as biomass or waste cooking oil. LG Chem will export 4,000 tons of phenol and 1,200 tons of acetone, totaling 5,200 tons, and this is the largest volume of ISCC PLUS certified product ever exported from South Korea. Phenol is the raw material for the initial process of polycarbonate, a highly-functional engineering plastic for making vehicle parts, and resins produced from phenols are also partially used as parts of electrical and electronic products and construction materials such as insulators. Acetone has excellent solubility and is mainly used for solvent production such as cleaning agents, and paint thinner while being widely used across the industry as a raw materia...