April 2024 is likely to witness a surge in Caustic Soda prices in Latin America and Asia due to the significant improvement in the downstream market momentum. Furthermore, the Asian players implemented price hikes, prompting a cautious “wait-and-see” attitude among downstream participants as prices climbed. Consequently, buying interest in the market for flake Caustic Soda waned. Looking ahead, the price trajectory of Caustic Soda flake is expected to be susceptible to fluctuate, largely contingent upon downstream market demand, potentially resulting in an overall moderate positive change in the Caustic Soda prices in the upcoming weeks. The Brazilian Caustic Soda sector is proceeding better than the broader chemicals industry elevating the Caustic Soda prices since March 2024. The market participants attributed this resilience in the prices to constant sanitation initiatives and burgeoning lithium ventures across Latin America, which are currently sustaining demand at the...

ETMarkets.com “In the short-term, markets can remain volatile given the global macro-economic uncertainty and high valuations; however, from a medium-term perspective, we remain bullish,” says Gautam Shroff, Managing Director, Head – Institutional Clients Group – Institutional Equities, Edelweiss Securities. In an interview with ETMarkets, Shroff, said: “My investment mantra, business cycle – where we are on that front, if we are at the beginning of a cycle- cyclicals and leverage companies as the earnings swing can be disproportionate and similarly vice-versa” Edited excerpts: After the US Fed meeting, do you see further tightening by RBI, and will that derail momentum on D-St? The Reserve bank of India (RBI) could still do up to 6% repo and wait and watch for any global mayhem. India CPI will end the fiscal within RBIs comfort range, so our fight with inflation need not be that aggressive. Unlock Leadership Excellence with a Range of CXO CoursesOffering CollegeCour...

NEW DELHI: Mentha oil prices were up by Rs 5 per kg at the local market today amid pick-up in demand from consuming industries and restricted arrivals from producing belts. Marketmen said improved demand from consuming industries against restricted arrivals from producing regions mainly helped mentha oil prices to trade higher. In the national capital, menthol bold crystal, flake and oil prices were enquired higher by Rs 5 each to Rs 1,105, Rs 1,095 and Rs 1,125 per kg, respectively. Following are today’s quotations: Ammonium chloride (50 kg) Rs 2,000-3,000, Acetic acid (1kg) Rs 53-57, Ammonia bicarb (25 kg) Rs 600-700, Boric acid technical (50 kg) Rs 4,500-5,000, Borex granular (50 kg) Rs 2,200-2,500. Caustic soda flake (50 kg) Rs 1,850-1,950, Citric acid (50 kg) (China) Rs 3,700-3,800, Citric acid deshi (50 kg) Rs 3,800-4,000, Camphor slab (1 kg) Rs 360, Camphor powder (1kg) Rs 325, Glycerin (1 kg) Rs 140-160, Hexamine (1kg) Rs 95, Hydrogen peroxide (1 kg) Rs 36-50, menthol ...