petrochemicals
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Government Establishes System to Monitor West Asia Trade Challenges
New Delhi, April 10 The commerce ministry on Friday said it will set up a weekly monitoring mechanism to track export-import trends and sectoral stress indicators, amid concerns that supply chain disruptions, logistical constraints, and rising input costs due to geopolitical tensions could... - H
Crude Oil Futures Hit Record High Amid US-Iran Tensions
New Delhi, April 7 Crude oil prices rose by nearly 3 per cent to hit a record high of Rs 10,888 per barrel in futures trading on Tuesday, driven by strong global cues as tensions between the US and Iran intensified ahead of President Donald Trump's deadline for reopening the Strait of Hormuz... - H
Korea's Oil Strategy Amid Strait of Hormuz Disruptions
Seoul, April 7 – South Korea has secured an additional 60 million barrels of alternative oil supplies for May, which will replace supplies from the Middle East that have been disrupted due to the effective closure of the Strait of Hormuz, the government said on Tuesday.The country has secured... - H
India's Trade Sector Seeks Support as West Asia Conflict Escalates
New Delhi, April 6 The Confederation of All India Traders (CAIT) urged the government on Monday to implement measures to support credit and liquidity, particularly for micro, small, and medium enterprises (MSMEs), due to concerns about the ongoing crisis in West Asia and its impact on India's...- Himanshu
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- confederation of all india traders credit guarantee scheme export refunds financial burden freight stabilization fuel price stabilization input costs liquidity support loan repayment terms msme support petrochemicals pharmaceuticals plastics policy interventions raw material price stabilization supply chain disruption textiles trade body west asia impact working capital stress
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- Forum: Business
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West Asia Crisis Fuels RBI's Cautious Monetary Policy
New Delhi, April 5 – As the situation in the West Asia continues to evolve, the Reserve Bank of India (RBI) is likely to maintain the status quo at the upcoming monetary policy committee (MPC) meeting next week (April 6-8), according to a report by SBI Research, released on Sunday.As the first... - H
India Diverts LPG Feedstock to Address Industry Needs
New Delhi, April 2 The government has directed oil refineries to divert a portion of the feedstock normally used for producing cooking gas (LPG) to industries affected by the ongoing petrochemical shortage, which spans sectors from packaging to condom manufacturing.The Ministry of Petroleum... - H
Government Offers Temporary Import Duty Relief on Petrochemicals
New Delhi, April 2 The government on Thursday exempted the import of critical petrochemical products from customs duty for three months until June 30, providing relief to sectors such as pharmaceuticals, chemicals, and textiles, and ensuring supply stability amid the ongoing West Asia crisis... - H
South Korea Secures 50 Million Barrels of Alternative Oil
Seoul, April 2 – South Korea has secured approximately 50 million barrels of alternative oil supplies for this month to replace supplies from the Middle East, which have been disrupted due to the effective closure of the Strait of Hormuz, government officials said on Thursday, pledging continued... - H
Petrochemical Import Duty Exemption Amid West Asia Crisis
Government Waives Customs Duty on Key Petrochemicals Amid West Asia Crisis New Delhi, April 2: The government on Thursday announced a full customs duty exemption on select critical petrochemical products to ensure supply stability and ease cost pressures on industries amid the ongoing West Asia... - H
West Asia Conflict Impacts India's Construction Costs
Kolkata, April 1 The escalating conflict in West Asia is beginning to put pressure on India's real estate sector, with material prices rising, and industry leaders warning of a potential 5 per cent increase in construction costs if the hostilities continue through April.Construction schedules... - H
IEA: Disruptions Equivalent to Major Oil Crises
IEA Warns of Major Economic Fallout from Middle East Energy Disruptions Iran War Damages Over 40 Energy Assets Across Nine Countries Canberra, March 23 – The International Energy Agency (IEA) Executive Director Fatih Birol has warned that the Iran war is causing severe and widespread damage to... - K
Alkyl Amines Faces Production Challenges Due to Global Supply Chain Issues
Alkyl Amines Shares in Focus as Ammonia Shortage Forces Production Halt at Key Plants West Asia Conflict Disrupts Supply Chains, Impacts Key Raw Material Availability Shares of Alkyl Amines Chemicals Ltd. are set to remain in focus on Tuesday, March 17, after the company informed stock exchanges... - K
South Korea's Exports Hit Record High Driven by Semiconductor Demand
South Korea Exports Surge 30% in February on AI-Driven Semiconductor Boom February Exports Hit Record High Despite Fewer Working Days Seoul, March 1: South Korea’s exports surged nearly 30 percent year on year in February, reaching the highest level ever recorded for the month, as strong global...