#feedstock

Cyclohexane prices in the domestic market have remained unchanged in the latest week, signalling a pause after a prolonged period of weakness. Indian Cyclohexane prices were assessed at Rs 72.50/kg on December 24, flat week on week. The steady reading kept prices near the lower boundary of recent trading and reflected calm market conditions with limited daily fluctuations.

The lack of movement extended beyond the weekly frame. Prices were unchanged on a two-week basis compared with December 10 and also flat on a one-month view versus late November. This consistency suggests that the market has found a short-term base following earlier declines. Indian Cyclohexane prices are therefore holding steady rather than extending losses in the immediate term.

Despite the recent calm, longer-term comparisons remain clearly softer. On a three-month basis, prices are Rs 17.50/kg lower than late September. The six-month comparison shows the same Rs 17.50/kg decline from late June. Year-on-year, prices are Rs 18.00/kg below the comparable point last year, reinforcing the extent of the broader downshift. Over recent months, resistance has remained near Rs 90.00/kg, while support has formed around Rs 72.00/kg. Cyclohexane prices in India are currently anchored near this support level, Cyclohexane, Petrochemicals, Chemical Market, Market Update, Feedstock, Nylon Chain, Industrial Chemicals, Commodity Prices, Asia Chemicals, Energy Markets.

Market participants continue to watch whether stability near the current base is sustained. Read the full verified update on IndianPetrochem.com.

JJ Gouin/iStock by way of Getty Pictures By Paul Wightman At a Look The Renewable Power Directive (RED III) raises the general renewable power goal to 42.5% by 2030, up from 32% beneath RED II Greater feedstock volumes are seemingly wanted for sectors like aviation, the place demand appears to be like set to rise A provide scarcity in feedstocks used to provide cleaner street, rail and air…

I mentioned that Heritage-Crystal Clean is in the cleaning business. But so far, this description is rather vague. To best understand the full range of what the company offers, we should divide the company’s operations into the two segments it has. First and foremost, we have the Environmental Services segment. This unit includes the company’s full service departments of cleaning, container waste management, sewage suction, antifreeze and field services. On the parts cleaning side, the company recovers part cleaning solvents and other hazardous and non-hazardous wastes from its customers and disposes of them.

While this may not seem like a daunting task, management insists that many of these substances are subject to extensive and complex regulations. Managing them poorly can lead to citations, penalties, and other associated costs. Under its waste and wastewater vacuum programs, the company assists its customers in the identification and characterization of managed wastes and provides appropriate labeling and shipping documentation for customers for their managed materials. In some areas, the company also provides customers with regulated in-house wastewater treatment as part of its wastewater suction service and oily water collection program. And when it comes to the business’ field services, its focus is on tank cleaning and spill cleanup on behalf of its customers. In the company’s fiscal year 2021, this segment accounted for 61.7% of the company’s revenue but only 52% of the profit.

The Saudi British Bank or SABB has long since been trying to improve its offerings to re-exporters and importers in the KSA (Kingdom of Saudi Arabia). And keeping in line with this attempt, they finally completed their first sharia-compliant inventory finance transaction in March.

According to this deal, the SABB will be financing Al Safi Dairy, a Saudi Arabian dairy company. The dairy company is a joint venture between a European multinational and a massive group in the KSA. SAAB’s funding will be related to the company’s vast exports in the region and imports of feedstock. 

SABB’s new solution is based on a Murabaha structure and is their first venture into the inventory finance area. This move came right after the new SCF or sharia-compliant supply chain finance product that they launched in the closing half of 2021. Under this scheme, the bank has resolved to provide finances for the domestic suppliers of  Almunajem, Saudi Arabia’s food company.

With this off-balance sheet solution, clients can now improve their working capital and leverage their inventory assets. They can now participate in pricing and gather goods without putting the inventory on their balance sheets.