India based RA Chemicals Pvt Ltd recently announced that it plans to commence production of calcium zinc stabilizers, calcium organics, modified processing aids and other specialty aids in phase 1. The planned capacity for these prodcuts will be about 45,000 MTPA.  All these products will be marketed under the brand name of ‘STABICON’ with manufacturing being done in Ahmedabad by its subsidiary Foxcon Elements Pvt Ltd. The company has already started sampling of the products and commercial production will start from 15th July 2022. Further the company plans to appoint distributors across geographies for selling these products. The company is based out of Ahemdabad with branches in Vadodara, Surat in India and Nairobi in Kenya, Africa.  The company’s vision is to achieve Rs.100 billion turnover by 2025 via its core distribution business of supplying innovative high performance products for plastics, rubber, engineering plastics, cosmetics, pa...

According to data monitored by toodudu, the PVC spot market price in January first fell and then rose, and overall, the price fell. On January 1st, the average price of PVC in China was 5,638 RMB/ton. On January 30th, the average price was 5,592 RMB/ton, and the price dropped by 0.82% during the month. In January, the spot market price of PVC first fell and then rose, and overall, the price fell. In the first half of this month, the spot market price of PVC fell. The enthusiasm for market inquiries is average, and market transactions are light. In the middle of the month, the delivery situation is average, and the manufacturer’s quotation is mainly stable. Downstream just needs to pick up goods, considering that the end of the year is approaching, some small processing plants are considering a holiday. Demand is slowing down, corporate inventories are high, and actual transactions are cautious. In the latter half of the year, the spot market stopped falling and rose, with futur...

R-22 prices rose to Rs 246 (up 28.0% QoQ) in Q3FY22-TD catching up with inflation in other ref-gases, which will benefit SRF, Navin Fluorine and Gujarat Fluorochemicals (GFL). In the packaging film segment, spread has increased for BOPET but has been lower for BOPP. NTCF import volumes remain elevated probably on higher prices from domestic manufacturers; hence, long-term margins for technical textiles may not sustain at existing levels. Lauryl alcohol prices have slightly dipped in past two quarters and LAB prices declined marginally QoQ, but it has now caught up with LA inflation YoY. Inflation in Rossari Biotech’s four key raw materials will keep company margins under pressure. Pigment prices have increased but it is to be seen how much of its raw material inflation is passed on. EPL will continue to face challenges from rising polymer prices. GFL would benefit from rise in PTFE volumes and higher realisations. PCBL has seen higher export volumes for carbon black. (Note: All ...