Bio-polyamide Market to Grow Well in the Coming Years

Biopolyamides market is estimated to grow well in the coming years till 2025. Undecanoic acid and sebacic acid derived from castor oil are among the most dominant raw materials used in the production of bio based polyamide. Owing to the eco logical benefits, bio based polyamides are gaining acceptance and are anticipated to be the fastest growing product segment during the coming years.Sebacic_acid_3D_ball

Automotives is the largest application segment for polyamide and the trend is expected to continue in the near future. Demand for polyamide in packaging applications is expected to outdo other application segments in terms of growth rate during the coming years.

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Castor Seed Price Weekly Report: Jan 16 – 20, 2017

CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.

Check out the table and the graphical data.

The price of castor seed at the end of last week was Rs. 4050/quintal and increased throughout the week.

This week, the price decreased at the end of the week.

Price Date Rupees Per Quintal
16 Jan
17 Jan 4025
18 Jan 4025
19 Jan 3950
20 Jan 3950

 

castor seed prices - jan 16 - 20, 2017

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Castor Seed Price Weekly Report: Jan 09 – 13, 2017

CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.

Check out the table and the graphical data.

The price of castor seed at the end of last week was Rs. 3750/quintal and did not change much throughout the week.

This week, the price increased throughout the week with a high price of Rs. 4075/quintal on 12th Jan.

Price Date Rupees Per Quintal
9 Jan 3825
10 Jan 3900
11 Jan 3950
12 Jan 4075
13 Jan 4050

Castor Seed Price Weekly Report: Jan 09 – 13, 2017

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Castorseed Prices Remain Firm on Constant Buying

Castorseed prices rose by Rs 35 to Rs 4,075 per quintal in futures trading last week as participants created positions amid a firm trend at the physical markets.castoroil-seed

Also, delivery in current month delivery went up by Rs 33, or 0.83 per cent, to Rs 4,026 per quintal, in an open interest of 10,940 lots.

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MCX launches castor seed futures

Multi Commodity Exchange of India has launched a futures contract in castor seed after receiving approval from Securities and Exchange Board of India. With this launch, MCX has added another contract to its agri-commodities products suite, in the oil and oilseeds complex.castoroil-seed

The exchange has currently launched February, March, April and May 2017 contracts in castor seed, with 10 MT (metric tonnes) as the trading unit and Deesa (Gujarat) as the basis centre.

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New Bio-based Building Block for the Chemical Industry

Scientists from Columbia performed an experiment to develop a kinetic model for high CO2 pressure carbonation of epoxidized castor oil which can be used for production of thermoset polymers and non-isocyanate polyurethanes.

Results showed that because of the polyfunctional character of the product, it could find applications as a monomer and as a synthetic building block for other bio-based chemicals.

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