R-22 price has risen to Rs 214 (up 11.6% QoQ) in Q3FY22-TD and the spreads are likely to be higher for SRF; margins for Navin Fluorine / GFL will rise even higher on soft chloroform prices. In the packaging films segment, spread has increased in BOPET but lower in BOPP. We don’t see packaging films trend to be a representative of the entire quarter due to volatility in prices and we will therefore wait for next two-months’ data to arrive at any conclusion. NTCF import volumes continue to remain elevated probably on higher prices from domestic manufacturer, thus, long-term margins for technical textiles may not sustain at existing levels. Lauryl alcohol prices have remained stable in past two quarters and LAB price dipped marginally on QoQ basis but it has now caught-up with LA inflation on YoY basis. Rossari Biotech’s raw materials – acetic acid and surfactants prices dipped QoQ, but acrylic acid and silicone continue to rise sharply. Pigment prices have increa...

Versalis, the chemical company of Italian energy major Eni, has licensed to Enter Engineering Pte. Ltd. a Low Density Polyethylene/Ethyl Vinyl Acetate (LDPE/EVA) swing unit to be built as part of a new Gas to Chemical Complex based on MTO-Methanol to Olefins technology to be located in the Karakul area in the Bukhara region of the Republic of Uzbekistan. The plant is part of a global complex that will have a major importance in Central Asia due to its size and the technologies involved. Enter Engineering Pte. Ltd., one of the largest construction companies in the region, will act as licensee on behalf of the Uzbek Company Jizzakh Petroleum JV LLC, who will own and operate the LDPE/EVA unit and the entire Gas to Chemical Complex once built and made ready for operation. The licensed plant will be based on the Versalis proprietary LDPE/EVA Technology. The unit will be designed for a maximum production of EVA equivalent to180.000 t/y. LDPE and EVA are ethylene polymers an...