Chemical News and Updates

For most chemical business owners, selling excess chemical stock can be an Everest challenge. Especially when we consider the volatility in chemical prices, unsold excess stock can strongly impact business revenue and profit margins. While in the past, chemical business owners were limited in their capacity to reach out to new potential chemical vendors and buyers. The same is not the case in the digital age where online B2B chemical marketplaces have broken the barriers of space and time to offer a real-time omni-channel eCommerce experience. Here are some key benefits of joining an online chemical marketplace: 1. Find Instant-Buyers Whether current stock or previously unsold but ready stock, an online B2B marketplace is perfect to explore, find and connect with new buyers, vendors and companies instantly. These platforms have dedicated pages for buyers to post their requirements. You can post your quotations to these inquiries and sell your chemicals faster than ever be...

In what was pitted as a ‘Do or Die’ budget, Nirmala Sitharaman, the Honorable Finance Minister of India, had her task cut out from the very beginning. While most sectors were hopeful of a budget that would accelerate demand in domestic consumption, the same was not the case with the chemical industry in India . This is because the Indian chemical industry unlike other sectors of the economy has performed well despite the economic slowdown. But yet industry leaders were hopeful of a budget that would further strengthen its stronghold in the domestic and international landscape.  Let’s look at some of the key takeaways or the Indian chemical industry from budget 2020: 1. Higher Customs Duty on Import Chemicals Custom duty on industrial chemicals will increase the post-budget announcement. The move is aimed to curb the import of chemicals from China. If you have been importing industrial chemicals, you can  now do so using an online  b2b platform fo...

With a 3.4% share in the global chemical industry, India’s chemical sector has been a catalyst for its economic growth over the last decade. It is the seventh-largest producer of chemicals in the world. It is expected to become one of the leading global suppliers of chemicals over the next decade. And perhaps no other city would play a more important role in India’s leap towards global chemical dominance as Bharuch, the port city located on the banks of river Narmada in Gujarat. The city is host to some of the biggest names from the chemical industry in India and is rightfully called India’s chemical capital.  Here are 5 facts about India’s chemical capital Bharuch that you did not know: 1. 2nd Oldest City of India Bharuch is over 8000 years old. It happens to be the oldest city of Gujarat and the 2nd oldest city in India after Varanasi. 2. Always A Trade Capital Being a port city, Bharuch has been witness to trade and commerce since its very inception. It ...