Arkema to Invest in New Bio-based Nylon Production

Arkema has planned to invest 300 million euros for expansion of its bio sourced nylon 11 production in Asia. By establishing this plant, the company would increase the global production of bio sourced nylon 11 by 50%.Logotype_arkema

The new plant, which will produce both the amino 11 monomer and its polymer, is expected to come on stream in late 2021. The products to be produced would find applications in electronics, 3D printing and automotive industries.

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Castor Seed Futures Rise by Rs 15 per Quintal

Castor seed prices rose by Rs 15 to Rs 4,389 per quintal in futures trading due to acceleration in demand amid tight supplies from growing belts. Castor-Oil-Seeds-TradersAt the National Commodity and Derivatives Exchange, castor seed for delivery in July gained Rs 15, or 0.34 per cent, to Rs 4,389 per quintal, clocking an open interest of 7,560 lots.

Castor seed for delivery in August edged up by Rs 12, or 0.27 per cent, to Rs 4,444 per quintal, showing an open interest of 82,170 lots.

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Castor Seed Price Weekly Report: Jun 27 – 30, 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 castor seed prices decreased throughout the week and ended with a low price of Rs. 4225 per quintal.

This week, the price increased throughout the week and ended with a high price of Rs. 4425 per quintal.

Price Date Rupees Per Quintal
27 Jun 4250
28 Jun 4300
29 Jun 4450
30 Jun 4425

Castor Seed Price Weekly Report: Jun 27 – 30, 2017

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Castor Seed Futures Up On Physical Cues

Castor seed prices enquired higher by Rs 13 to Rs 4,330 per quintal in futures trade following widening of positions by operators in line with emerging physical markets.

At the National Commodity and Derivatives Exchange, castor seed delivery for the immediate contract of July gained by Rs 13, or 0.30 per cent, to Rs 4,330 per quintal, with a business turnover of 43,060 open lots.Castor-Oil-Seeds-Traders

Most active second contract of August also advanced by Rs 10, or 0.23 per cent, to Rs 4,400 per quintal, revealing an open interest of 63,590 lots.

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Allbirds Launches Castor Based Woolen Running Shoes

Allbirds, a New Zealand based footwear company has launched woolen running shoes for both men and women. The shoes have an upper wool layer; a castor oil based polyurethane insole and rubber foam sole.allbirds

The wool comes from New Zealand and is turned into fabric in Italy, while the shoes are assembled in South Korea.

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Castor Seed Futures Slip on Weak Spot Demand

Castor seed prices came down by Rs 36 to Rs 4,450 per quintal in future trading today as participants reduced their exposure in tune with subdued demand at the domestic spot markets.

At the National Commodity and Derivative Exchange, castor seed for delivery in far-month August contracts slipped by Rs 36 or 0.80 per cent to Rs 4,450 per quintal, in an open interest of 50,240 lots.

Also, for delivery in July, castor seed weakened by Rs 30 or 0.68 per cent to Rs 4,365 per quintal, with the business turnover of 54,100 lots.

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Norville Opticians Introduces Neubau into its Stores

Noville Opticians, an England based independent optician has launched spectacle frames that are made of eco-friendly plastic. 

The frames are made of plastic which has 65% castor oil content. The material called natural PX is light and flexible.

It is known that castor oil is being widely used in pharmaceuticals, cosmetics, soaps, lubricants and more.

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Castor Seed Futures Up On Positive Domestic, Global Cues

Castor seed prices went up by Rs. 59 to Rs. 4,527 per quintal in futures trading today after speculators widened bets, taking positive cues from domestic as well as global markets.castoroil-seed

At the National Commodity and Derivatives Exchange, castor seed for August rose by Rs. 59, or 1.32 per cent, to Rs. 4,527 per quintal, with an open interest of 31,880 lots.

Castor seed for July too gained Rs. 48, or 1.10 per cent, to Rs. 4,431 per quintal, having an open interest of 72,030 lots.

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Global Castor Oil Derivatives Market to Experience Hike in Growth by 2016 – 2024

The global castor oil and derivatives market is expected to experience a hike in growth during the forecast period 2016-2024. Drivers such as growing demand from the end-use industries such as cosmetics, lubricants, and pharmaceuticals and the growing demand for the products that are biodegradable and sustainable, owing to the reduced petrochemicals dependence could be responsible for the growth of this industry.castor-oil-800067

The region that dominated the castor oil derivatives market is Asia Pacific. The dominance in the global castor oil derivatives market is going to be continued in the coming years. The emerging nation, India accounted for the major production of castor oil derivatives globally. India is followed by other developing nations such as Brazil and China.

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