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Rhodium Price Chart, Historical and Forecast Analysis | Procurement Resource

A rare and expensive metal, rhodium has the atomic number 45 and the letter Rh as its symbol. It belongs to the platinum family of metals and is identified by its beautiful silver-white hue. The value and industrial applications of rhodium are influenced by a number of significant characteristics. Due to its excellent corrosion and oxidation resistance, it is perfect for use in adverse environments. It is also recognized for its high melting point, extraordinary toughness, and longevity.

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Due to its low electrical resistance and high reflectivity, it performs well in electrical connections and mirror coatings. Particularly in catalytic converters, rhodium is an extremely powerful catalyst for reducing automobile emissions.

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Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Rhodium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Rhodium Price analysis, including India Rhodium price, USA Rhodium price, pricing database, and chart can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Rhodium Price Trend:

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One of the principal uses of rhodium is in the catalytic converters of automobiles. Rhodium-based catalysts are used to transform nitrogen oxides (NOx), which are particularly dangerous, into less harmful nitrogen and oxygen, assisting in the reduction of toxic emissions from vehicle exhaust fumes. Rhodium is also used in the production of improved electrical connections. Due to its superior corrosion resistance and strong electrical conductivity, it is suitable for switches, connections, and other electrical components. To increase the durability and reflectivity of mirrors, it is used as a coating substance. Additionally, since fiber optic cables are made with it, signals can be sent more effectively. This metal is also used as a catalyst for several chemical reactions in the chemical sector. It is used in procedures like hydrogenation, hydroformylation, and the generation of acetic acid.

Key Players:

Umicore N.V.
Russian Platinum
Anglo American Platinum Limited
Johnson Matthey
BASF SE
E Buddy Recyclers

News & Recent Development:

12 May 2023: UCF Researchers Work to Reduce the Amount of Precious Metals in Catalytic Converters - The 1970s saw the widespread adoption of catalytic converters, which use precious metals as catalysts to help remove dangerous and fatal compounds from combustion engine exhaust. The number of stolen catalytic converters has increased along with the price of precious metals. UCF researchers recently demonstrated that they could use atomic platinum to control pollutants and run the system at lower temperatures, which is essential to removing harmful chemicals when a vehicle first starts. These studies, which were published in Nature Communications and the Journal of the American Chemical Society, respectively, were published in recent months.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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Melamine Production Cost Analysis Report, Manufacturing Process, Raw Materials Requirements, Costs and Key Process Information, Provided by Procurement Resource

The latest report titled “Melamine Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Melamine.

Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.

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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Melamine production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Procurement Resource Assessment of Melamine Production Process:

1. Melamine Production Cost Via Urea: This report presents the detailed production methodology and cost analysis of Melamine industrial production across Melamine manufacturing plants. The molten salt of urea is heated in order to decompose it. The decomposition yields, iso-cyanic acid. This acid further decomposes into melamine and releasing carbon dioxide as a by-product.

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Product Definition:

Melamine is a nitrogen-rich organic compound and has a chemical formula C3H6N6. It is a white crystalline solid. Melamine is primarily employed in the production of plastics, resins, and coatings. It has high thermal stability, chemical resistance, and flame retardancy.

It also has high nitrogen content that makes it suitable as a nitrogen source in fertilizers. It can produce crosslinked melamine-formaldehyde resins as it can form strong cross-linked hydrogen bonds. These resins are used in laminates, countertops, and other construction materials.

Market Drivers:

The primary market driver of melamine is its usage in production of melamine-formaldehyde resin. Melamine-formaldehyde resin are used in laminates, decorative surfaces, and coating for furniture, flooring. And construction materials. It also has high thermal stability and chemical resistance. It is also used in the production of a cross-linked product called magic eraser that helps in removing tough stains. It also has flame-retardant property and is an additive in plastics, textiles, and paper products.

Melamine is a crucial ingredient in the creation of fertilisers with a high nitrogen content. It helps plants grow and develop by providing a slow-release source of nitrogen thanks to its high nitrogen concentration. These different industrial applications demonstrate the adaptability and importance of melamine in a variety of industries, from cleaning and agriculture to construction and manufacturing.

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Although Procurement Resource leaves no page unfurled in terms of the rigorous research for the commodities that make the heftiest base of your business, we incline more towards tailoring the reports per your specificities. All you need is one-to-one consulting with our seasoned consultants to comprehend the prime parameters you are looking to pin your research on.

Some of the common requests we receive from our clients include:

Adapting the report to the country/region where you intend to establish your plant.
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Providing additional information to the existing scope based on your needs.

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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.

Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.

We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.

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Contact Person: Amanda Williams
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Toll Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Price Trends of Hydrofluoric Acid in its Latest Insights and Dashboard

Hydrofluoric acid is a colourless and corrosive liquid or gas that has a strong, irritating odour. It comprises a fluorine atom and a hydrogen atom which is formed when Hydrogen fluoride is mixed with water. It is a key chemical reagent in wet digestion processes owing to its complex capability of fluoride ions. It has great potency for the decomposition of silicate matrices.

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It's a weak acid since it has a lower dissociation constant compared to strong acids. It is extremely harmful to health due to the presence of aggressive destruction of tissues which can be caused by the fluoride ions. It has a molar mass of 20.006 g•mol−1 and a density of 1.15 g/mL. Its respective melting and boiling points are −83.6 °C and 19.5 °C.

Key Details About the Hydrofluoric Acid Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Hydrofluoric acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The hydrofluoric acid price chart, including India Hydrofluoric acid price, USA Hydrofluoric acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Hydrofluoric Acid Price Trend:

Price Trend

Hydrofluoric acid is employed in production processes to make products such as aluminium, pharmaceuticals, herbicides, refrigerants, plastics, high-octane gasoline, fluorescent light bulbs, and electrical components. It is used to make silicon tetrafluoride gas and hexafluorosilicic acid; in glass and metal etching; and works as a precursor to many fluorine compounds, like pharmaceuticals and surface coatings like fluoxetine (Prozac), PTFE (Teflon), and elemental fluorine. Other end-uses furthering the market demand include its employment in oil refining, organofluorine production, and dissolving rock samples prior to analysis.

Key Players:

Fluorchemie Group
Honeywell International Inc.
LANXESS
Yingpeng Group

News & Recent Development

24th May 2023- The market for hydrofluoric acid in Shandong Province stayed stable for a while, with the mainstream price (with tax) being 10,000-10,400 RMB/ton (for anhydrous hydrofluoric acid).

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Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Rice Price Chart, Historical and Forecast Analysis | Procurement Resource

Rice is one of the most significant nutritional sources for a sizeable section of the world's population. It is a common type of staple crop. Rice is made up of tiny, elongated grains that are available in a range of hues, including white, brown, and wild.

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It possesses a number of essential characteristics that raise the crop's value as a food source. It is a great source of nutritional energy because it is high in carbs. Along with being low in fat and cholesterol, rice is high in important vitamins, minerals, and nutrients like iron and vitamin B complex. It is suitable for people with celiac disease or gluten intolerance due to the absence of gluten.

Key Details About the Rice Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Rice price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The Rice Price analysis, including India Rice price, USA Rice price, pricing database, and chart can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Rice Price Trend:

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One of the most popular staple commodities, rice has various industrial uses across numerous sectors. Rice is processed completely before being used in meals. White rice is a staple food for a sizeable section of the world's population and is made by milling brown rice. Additionally, it is used to make rice bran oil, rice flour, and a number of rice-based foods like rice cakes and snacks. Second, the leftover stalk from harvesting rice, also referred to as rice straw, has industrial uses. It can be used as a raw material to make particleboard, packaging, cardboard, and paper. In addition to being used as bedding and animal feed, rice straws can be burned or decomposed to produce bioenergy.

Key Players:

DuPont de Nemours Inc
Cargill Incorporated
Wilmar International Ltd
Doguet’s Rice Milling Company
Randall Organic Rice

News & Recent Development:

4 May 2023: Record high wheat and rice production expected, boosting domestic availability - According to estimates, the nation will produce a record-high 330 mt of foodgrains this year, an increase of 14.91 mt over the previous year, 2021–2022. In the agricultural year 2022–2023, the Ministry established a goal of 328 million tonnes of food grain. According to a press release from Agriculture Minister Narendra Singh Tomar on the release of the third advanced estimates, "Agriculture sector is developing day by day due to the hard work of farmers, proficiency of scientists, and farmer-friendly policies of the Government."

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Menthol Production Cost Analysis Report, Manufacturing Process, Raw Materials Requirements, Costs and Key Process Information, Provided by Procurement Resource

The latest report titled “Menthol Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Menthol.

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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Menthol production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Procurement Resource Assessment of Menthol Production Process:

1. Menthol Production Cost Via Distillation, Filtration, and Cooling: This report presents the detailed production methodology and cost analysis of Menthol industrial production across Menthol manufacturing plants. The Mentha arvensis leaves are subjected to distillation and filtration to produce mentha oil. The oil is then cooled which leaves up to 50% menthol in crystalline form.

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2. Menthol Production Cost Via hydrogenation: This report provides the thorough economics of Menthol industrial production across Menthol manufacturing plants. In the hydrogenation process, carbon monoxide and hydrogen are reacted in presence of thymol to produce menthol as a product.

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Product Definition:

Menthol is a naturally occurring organic compound with the chemical formula C10H20O. It is a crystalline material that is either white or colorless, solid at normal temperatures, and slightly melts at a higher temperature. Menthol, which has a distinctive minty flavor and aroma, is frequently used in the pharmaceutical, cosmetic, and food industries.

It is extracted via steam distillation, and after additional processing, pure menthol crystals are produced. It has a significant solubility in alcohol, ether, and chloroform in addition to being only slightly soluble in water. Due to its cooling qualities, it is frequently used as a component in goods including cough drops, toothpaste, shaving cream, and balms.

Market Drivers:

Menthol is frequently utilised in the pharmaceutical industry as a flavouring component, local anaesthetic, and cough suppressant. The growing need for over-the-counter medications, particularly in developing countries, is what drives the need for menthol in the pharmaceutical industry. It serves as a relaxing and cooling component in the cosmetics business.

Additionally, it is utilised in cigarettes to deliver a calming and cooling sensation. In the tobacco industry, demand for menthol cigarettes is rising, particularly in emerging nations. The global menthol market is primarily being driven by the rising demand from the pharmaceutical, food and beverage, cosmetics, and tobacco industries.

Looking for an exhaustive and personalised report that could significantly substantiate your business?

Some of the common requests we receive from our clients include:

Adapting the report to the country/region where you intend to establish your plant.
Adjusting the manufacturing capacity of the plant according to your needs.
Customizing machinery suppliers and costs to meet your requirements.
Providing additional information to the existing scope based on your needs.

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Soybean Price Chart, Historical and Forecast Analysis | Procurement Resource

A particular kind of legume in the Fabaceae family is the soybean. They are very adaptable and commonly grown for their nutrient-rich seeds. They provide a plentiful amount of plant-based protein and all the key amino acids humans need. They are also an excellent source of dietary fiber, healthy fats, and vitamins and minerals, including iron, calcium, and vitamin B6.

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The high concentration of isoflavones, a class of phytochemicals with potential health benefits, is also found in soybeans. These legumes can be processed into various forms, including soybean oil, tofu, tempeh, and soy milk. Soybeans have gained popularity due to their nutritional value and their use in a variety of culinary and industrial applications.

Key Details About the Soybean Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Soybean price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The Soybean Price analysis, including India Soybean price, USA Soybean price, pricing database, and chart can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Soybean Price Trend:

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Soybean is a versatile legume with many industrial applications. The soybean crops are majorly converted into soybean oil, used for fueling biodiesel engines, cooking, and in various food items. In addition to that, tofu, soy milk, soy sauce, and vegetable protein require soybean as a central ingredient. This legume is also used in the animal feed sector as a source of protein and nutrients for aquaculture and livestock. Food processing uses soy derivatives such as soy lecithin as stabilizers and emulsifiers. Additionally, the manufacturing and construction industries use soy-based products like adhesives and coatings. The production of bio-based plastics and fibers also uses soybeans. The variety of industrial applications for soybeans emphasizes their significance as a sustainable resource in a number of industries.

Key Players:

Cargill
Incorporated
Archer Daniels Midland Company (ADM)
Grain Millers Inc
Corteva Agriscience

News & Recent Development:

15 May 2023: Soybeans, corn dip on profit-taking after previous gains- Tuesday saw a slight decline in U.S. soybean and maize futures due to profit-taking after both commodities had their greatest one-day gains in months during the previous trading session. Similar to how wheat dipped, concerns about global supply were allayed by a better-than-anticipated weekly report on the U.S. winter wheat crop.

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Isobutyraldehyde Price Trend Analysis, Historical Chart and Forecast Analysis Provided by Procurement Resource

Isobutyraldehyde or 2-methylpropanal, a propanal derivative with a methyl group at the second carbon, is a clear, colourless liquid that has a pungent odour. It works like a Saccharomyces cerevisiae metabolite and is naturally present in Vitis rotundifolia, Coffea arabica, etc.

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It is made by propylene hydroformylation or isobutanol oxidation. It has a molar mass of 72.1 and a density of 0.8 g/cm³. Its respective boiling, melting, and flash points are 63-64°C, -65°C, and -24°C.

Key Details About the Isobutyraldehyde Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Isobutyraldehyde price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The Isobutyraldehyde Price chart, including India Isobutyraldehyde price, USA Isobutyraldehyde price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Isobutyraldehyde Price Trend:

Price Trend

Isobutyraldehyde is a well-known chemical intermediate which is widely used for isobutanol (2-methylpropan-1-ol) microbial synthesis. Furthermore, it is used in the production of flavours and fragrances, pharmaceuticals, and agricultural chemicals (like herbicides and insecticides). As a key raw material, it is used in various industries like food, cosmetics (perfumes, body sprays, and lotions), and personal care, which boosts the market demand. In cosmetic products, it finds application as a fragrant that offers a certain fragrance profile which furthers the industry's development.

Key Players:

Eastman Chemical Co.
TCI America
BASF
Mitsubishi Chemical Corporation
MilliporeSigma
Pharmaffiliates
Actylis

News & Recent Development

24th May 2023- The local isobutyraldehyde market price dropped by 4.38% as cost support was insufficient and raw material propylene prices declined slightly.

Tuesday, June 13, 2023

Rhodium Price Chart, Historical and Forecast Analysis | Procurement Resource

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Melamine Production Cost Analysis Report, Manufacturing Process, Raw Materials Requirements, Costs and Key Process Information, Provided by Procurement Resource

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Price Trends of Hydrofluoric Acid in its Latest Insights and Dashboard

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Rice Price Chart, Historical and Forecast Analysis | Procurement Resource

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Menthol Production Cost Analysis Report, Manufacturing Process, Raw Materials Requirements, Costs and Key Process Information, Provided by Procurement Resource

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Soybean Price Chart, Historical and Forecast Analysis | Procurement Resource

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Isobutyraldehyde Price Trend Analysis, Historical Chart and Forecast Analysis Provided by Procurement Resource

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