Cosmetic Industry Round Up (24/04/16 to 29/04/16)

Indian beauty and wellness industry is anticipated to be double in the coming years. Indian beauty industry is growing with a very fats rate of knot. Even in the great recession time when consumers are much price conscious they never stop to spend on the cosmetic products. So in today’s environment of rising per capita incomes the beauty business is booming.

Now a days to look good is necessary and to spend on beauty products is necessity. Presently demand for skin care and hair products are growing with a rapid pace. This growth is being driven in part by a generally increasing awareness of the importance of skin care, but also specifically due to an increase in the market for men.

Presently in India so many trends are driving the growth of beauty segment. Organic products produced in a sustainable manner and greater availability of information about the benefits are driving growth, Parents are willing to pay a premium to make sure their kids have the proper skin protection which is source of increased demand of baby products.

With the attractive products and low cost offers demand for cosmetic items growing rapidly. On the back of this Indian beauty industry will have effective opportunities for remarkable growth in near term also.

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Sources :- http://www.globalchemicalprice.com/industry-overview/cosmetic-industry-round-up-24-04-16-to-29-04-16

China may have to implement aggressive policies to boost the economy

Experts have suggested that China may have to implement aggressive policies to prevent its economy from collapsing any further, especially considering how the official purchasing managers’ index (PMI) has slipped into a contractionary mode.
 

The PMI is a barometer of an economy’s manufacturing activities and China’s PMI has declined for the fourth successive month in January to 49.8, down from 50.1 in December 2014.
 

The last time China’s PMI went below the 50 mark was in September 2012. The demand in the manufacturing sector is considerably weak and more aggressive monetary policies will be required to prevent a sharp decline in growth.
 

In 2008-2009, China implemented a yuan 4000 billion economic growth plan to prevent global financial crisis, which targeted the housing, rural infrastructure, transportation, health and education sectors, and in 2012 China approved 60 infrastructure projects worth over CNY1000 billion.
 

China is one of the top two biggest economies in the world and is a major market for petrochemical imports in Asia, but China reported the slowest annual growth in 24 years in 2014 at 7.4 per cent as a result of sluggish domestic demand and volatile exports. The country also witnessed a decline in revenue growth since 1991 last year at 8.6 per cent.
 

HSBC reported its January PMI for China and recorded a lower reading of 49.7, down from 49.8 but slightly higher than 49.6 in the previous month.
Chinese manufacturers have witnessed a decline in operating conditions at the start of the current year, and though output increased ever so slightly and new orders started trickling in, but staffing levels were reduced for the fifteenth consecutive month.
 

And reduced client demand has forced firms to cut their stock holdings of both post- and pre-production goods in January. Experts suggest that China may turn to fine tuning its policies instead of implementing an aggressive economic stimulus programme. This stance may only increase commodity demand and prices for a short period of time.
 

China’s commodity demand is expected to increase this year as the government continues to focus on a consumption-led economy.
 

China’s central bank- the People’s Bank of China may probably slash its one-year lending rates by 25 base points to 5.35 per cent in the first quarter of 2015.
 

A report also showed that most sub-indexes have declined, including new orders and new export orders. New orders index has declined by 0.2 points to 50.2 in January and the production sub-index by 0.5 to 51.7. Purchasing volumes index also declined by 0.5 to 49.6 in January. While, new export orders index dropped by 0.7 from the previous month to 48.4, and imports index slipped 1.4 lower at 46.4.

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Susceptibility to supplies from China is one of the major concerns

In the past and present there have been times that the reliance on the imports of China have cost the end-use industries dear and for several intermediates and fine chemicals globally the closure of several units in China had led to soaring prices and have also caused delays and disruptions to production which was schedules here. According to one of researched report, the pharmaceutical industries in India have time and again been grieved, as the susceptibility to imported raw materials such as active pharmaceutical ingredients (APIs) and their intermediates are mostly from China.

Moreover, squirts in prices were recently seen in some naphthalene-based dye intermediates like H acid and in China its derivatives was attributed to closure of several manufacturing units.

As per the industry experts, to the chemical industry or to India the dependence on China for import of key raw materials is not only one of its kind and nowadays in the global market, China controls more than 80%. However, the reliance on imports from China is a contemplation of the developments in that country and to create an enabling framework the changes in the Indian pharmaceutical, agrochemical industries and the collective failure of policy makers are here, which will look after a much larger Indian fine chemicals industry.

As per the researched report, the shift in focus of several majors in pharmaceutical and agrochemical markets of India is one of the major reasons for the growing role for Chinese producers in these two industries. Nevertheless, for APIs, technical agrochemicals and their intermediates most of the Indian producers have evacuate their manufacturing base in order to focus on the part of the value chain which will bring them the best value.

On the other hand the leading Indian pharma companies have still continue to make APIs and have got lot more careful about their product line up and have opt to outsource or import the rest. Similarly, leading companies in agrochemicals are also putting more awareness to get their products registered and acknowledged amid farmers.

However the sway of China as a supplier of key raw materials not just to India but to the global pharmaceutical industry is dubious to moderate sooner, in spite of anxiety expressed on this count.

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Optimal usage of agrochemical key to raise food yield of India

Over the next two decades India is set to observe its largest ever phase of urbanisation and would like to keep food security without a scratch by promoting optimal usage of agrochemicals as a key to raise food yield of India. As per the industry experts the major plunge to the process of urbanisation is likely to confer through greater migration to cities with people looking for better opportunities and rising literacy. Moreover, in order to provide accommodation to the rural Indians who are moving out of small towns and villages in seek of better opportunities and growth the new government has precisely put an emphasis on creating new cities.

By expanding the urban space it is explicable that rural land will rapidly be guzzled amid rising pressure on existing cities and improved shove on creating new urban centre. However, this trend in past two decades has now already been seen as a Special Economic Zones (SEZs), industries, new residential localities and an expressway which stands on what were once known as lush green fields growing crops.

According to one of the researched report, in the four decades from 1971 to 2008 urban population of India had gone up by nearly 230 million and now it is anticipated to take only half this time to add the next 250 million. Moreover before the urban expansion, India was on the cusp of a never seen.

Furthermore, the production of food grain in India in the year 2011-12 had recorded 259.29 million tons, however the production of food grain has to be ensuring with rise in per hectare, as we have a glance at the scenario where the land which is under cultivation will decline with an instantaneous increase in population. Nevertheless, the boost in the production in order to congregate the budding need for food grains that can be achieved solitary through larger prominence on agrochemicals and their astute use.

As per the industry experts, aimed at sustaining agricultural practices the agrochemical consist of a wide range of chemical compounds, which contains insecticides to fight against insect attacks, herbicides to root out unwanted weeds that becomes parasites on the key crop and slow down yields, pesticides to protect the crop from pests and rodents and fungicides to prevent loss of crop owing to disease infestation.

However, through promoting optimum use of insecticides and pesticides and rising yield per hectare and minimising loss, one can plan to keep our food security intact in the next two decades as it is of utmost importance.

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Asia the key driver of growth for petrochemical sector of Qatar

Qatar which is known as one of the largest liquefied natural gas producer of the world has branch out its exports away from the oil and gas sector and amid demand from the region fuelling investment and expansion projects, Asia remains an important driver of growth for petrochemical sector of Qatar. Moreover in the Gulf region it is the second largest exporter of chemicals representing 17% of total chemical exports of Gulf Cooperation Council (GCC),as per the Gulf Petrochemicals & Chemicals Association.

According to the Ministry of Development Planning and Statistics, supplies of energy to widen their industrial bases are being used by countries like Qatar and to enhance exports of non-energy goods such as chemicals with petrochemicals and refining activity building up to 40% of manufacturing output.

By the year 2020, plans are taking place to invest around USD 25 billion in petrochemical capacity to produce 23 million tons, in compare to the capacity 16.8 million tons produced in the year 2012, which clutches the rights to market, sell and distribute chemical and polymer products of Qatar globally, according to the industry experts.

As per the recent researched reports, one of the long-term expansion plans has been embarked by the petrochemical industry, based on the assumption that the demand from other emerging markets such as India and China will continue to develop. Whereas the second major expansion process is the USD 6.5 billion Al Karaana plant, which is 80:20 joint venture between the state-owned Qatar Petroleum and Shell, that is due to come on line in the year 2018. The Al Karaana unit will have a production capacity of 2 million tons that will add 25% petrochemical output to Qatar.

However, after an annulment of the USD 6 billion Al Sejeel petrochemicals plant the long-term outlook is less certain but by the end of the decade one of the megaprojects has been targeted to come on line. According to the industry experts, in the medium term prospects for petrochemicals producers are positive, that are helped by the rising demand and the sluggish velocity of new capacity being brought on line in North America.

Moreover, the demand of for high-density polyethylene has significantly increased above global GDP growth for a short time and Asia is noted for the strongest demand growth. Whereas over the next five years the demand growth for high density polyethylene in China is expected to somewhat slow down and is still expected to be above 6%. Moreover the unrelenting growth coupled with moderately few new capacity additions of China is expected to impel rising exports in particularly from the Middle East.

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Toxin Benzene in Hookah boost risk for leukemia

Hookah which is an ancient form of smoking is quickly gaining popularity amidst adolescents, as per recent studies as they consider hookahs to be safe, however the recent study has found toxic Benzene in the fumes that come from the water pipes. This toxic Benzene has led to an increase in risk of leukemia which is a group of cancers that by and large commences in the bone marrow and results in high numbers of abnormal white blood cells.

As per the reports, the use of burning charcoal is involved in hookah smoking which is needed to heat the hookah tobacco in order to generate the smoke that the smoker inhales. In addition to it carcinogens and toxicants that are inhaled are found in hookah tobacco smoke and moreover large quantities of charcoal carcinogenic emissions and combustion-generated toxic are also inhaled by hookah smokers and nonsmokers who socialize with hookah smokers.

Furthermore, Moassel which is the sweetened and flavored tobacco is noted as one of the most popular kind of hookah tobacco that consist of around 30% tobacco fermented with fruits mixed with glycerin and chemical flavors and molasses.

In the year 2013 in US few researchers found that at some point in time around 23.2% of female and 26.6% of male college students have used hookah. According to few researchers, as the practice of hookah smokings is often seen in social settings and have examined an uptake of Benzene in both hookah smokers and non-smokers who have been presented at hookah social events.

Moreover, S-phenylmercapturic acid (SPMA) which is a metabolite of Benzene have been found in both hookah smokers and non-smokers and the uptake of SPMA in smokers have augmented to 4.2-fold after smoking hookah tobacco at a hookah lounge, whereas on the other hand for non-smokers it has increased to 2.6-fold after attending an event at a hookah lounge.

However, research analysts call for intercessions to diminish or thwart the use of hookah tobacco, regulatory actions to limit hookah-related exposure to toxicants including Benzene, and comprise of hookah smoking in clean indoor air legislation, as they believe that there is no safe level of exposure to Benzene.

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Global petrochemical prices slumped by 4 per cent in October

The $3 trillion-plus global petrochemical industry witnessed a 4 per cent fall in October as upstream energy prices continued their downward spiral. Petrochemical prices fell from $1,384/mt in September to $1,324/mt.  On a year-on-year basis, petrochemical prices slipped 2 per cent from the same month in 2013.

Prices have fallen 10 per cent since October, around $8/mt a day, after a short period of price rise. The steep decline in prices comes at a time when crude and naphtha prices have also been falling. Brent prices declined by 10 per cent in October, while naphtha prices fell by 15 per cent.

Petrochemicals are used by a large number of industries, including construction, pharmaceuticals, aviation, electronics and are used to make plastic, nylon, rubber and other consumer goods.

Prices of olefins, hydrocarbon compounds that function as the building blocks to petrochemical products used to produce consumer products, also declined in October. Ethylene prices slumped by 6 per cent to $1,324/mt, while propylene prices fell by 1 per cent to $1,311/mt.

Polyethylene also slipped by 2 per cent in October and polypropylene prices slipped by 1 per cent during the same period.

Aromatics are scented hydrocarbons with benzene rings. Prices of this compound fell steeply in October. Benzene prices declined by 7 per cent to $1,181/mt, while toluene prices dropped 8 per cent to $991/mt and paraxylene fell by 12 per cent to $1,603/mt. The paraxylene market registered the largest fall.

The falling petrochemical prices were accompanied by a sluggish global equity market. The Nikkei 225 and Dow Jones Industrial Average saw a rise of 2 per cent in October and the London Stock Exchange Index fell by 2 per cent during the same period.

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