Procurement Resource

Tuesday, November 14, 2023

Skim Milk Powder (SMP) Price History and Forecast Analysis | Procurement Resource

During the first half of 2023, Skim Milk Powder (SMP) experienced a bearish trend in prices, particularly in Europe. The main cause of this price decrease was a decrease in consumption, particularly in the USA, Europe, and China, primarily due to reduced restaurant demand. Moreover, fluctuations in international dollar rates affected export sentiments for SMP.

Request for Real-Time Skim Milk Powder (SMP) Prices: https://www.procurementresource.com/resource-center/smp-price-trends/pricerequest

Definition

Skimmed milk powder (SMP) is a dairy product obtained by removing cream and water from milk, resulting in a powdered form. It has a long shelf life and is utilized as a low-fat milk replacer in various food applications, including bakery, confectionery, and dairy-based beverages, due to its versatility.

Key Details About the Skim Milk Powder (SMP) 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 Skim Milk Powder (SMP) 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 Skim Milk Powder (SMP) Price analysis, including India Skim Milk Powder (SMP) price, USA Skim Milk Powder (SMP) 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 the Skim Milk Powder (SMP) Price Trend:

Skimmed milk powder (SMP) finds key industrial uses in the food and beverage industry. It serves as a valuable milk replacer in the production of various dairy-based products, such as yogurt, ice cream, and milk drinks. SMP is also utilized as an essential ingredient in bakery goods, confectionery items, and ready-to-eat meals, providing texture, flavor, and nutritional value. Its long shelf life and ease of storage make it a convenient choice for food manufacturers worldwide.

Key Players:

Arla Foods Amba
Dairy Farmers of America Inc
Nestlé SA
Danone S.A
Westland Milk Products

News & Recent Development:

The European Skimmed Milk Powder (SMP) market experiences strong price volatility, influenced by low demand from China and Africa. SMP prices have recently collapsed, declining within weeks, mainly due to limited buying interest domestically and internationally. European buyers are cautious, while Chinese demand is expected to remain low. Uncertainty surrounding international demand keeps SMP prices bearish, despite expectations of a slowdown in price decline. Processors are building up stocks at low price levels, hoping for better returns later.

About Us:

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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Company Name: Procurement Resource
Contact Person: Christeen Johnson
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
Reference Link - https://theprocurementexpert.com/skim-milk-powder-smp-prices/

Silver Price History and Forecast Analysis | Procurement Resource

Silver, a chemical element with the symbol Ag and atomic number 47, is a soft, white, glistening transition metal, demonstrating extremely high electrical and thermal conductivity and reflectivity of every metal. Silver is found in the pure and free rudimentary form called ‘native silver’ in the Earth’s crust. It is utilised as an alloy with gold and several other metals and in minerals like argentite and chlorargyrite. Nearly all silver is produced as a refining derivate of copper, gold, lead, and zinc. For a long time, silver has been considered a valuable metal and employed in several bullion coins and occasionally alongside gold.

Request for Real Time Silver Prices: https://www.procurementresource.com/resource-center/silver-price-trends/pricerequest

Mexico is the top silver-producing nation across the world, followed by China, Peru, Chile, Russia, Poland, and Australia.

Key Details About the Silver 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 Silver 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 Silver Price forecast, including India Silver price, USA Silver 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 Silver Price Trend:

Price Trend Image There are several industrial uses for silver, accounting for over half of its annual global demand. This indicates that financial development can impact the silver price far more as compared to its impact on gold. Silver has been used in jewellery, tableware, and fine art for thousands of years due to its physical intensity, brilliance, flexibility, and elasticity. In addition, silver’s high conductive properties for electricity and heat and its sensitivity are used for light and anti-bacterial characteristics. Silver is considered a vital and irreplaceable metal for repairing and brazing alloys, producing batteries, dentistry, glass coatings, LED chips, medicines and nuclear reactors. It is also used for photography, photovoltaic or solar energy, RFID chips that help in tracking parcels or shipments around the world), semiconductors, touch screens, water purification, wood preservatives and other industrial uses.

Key Players:

Umicore N.V
American Elements
MMC Norilsk Nickel PJSC
Hindustan Zinc Limited
Korea Zinc Co., Ltd.
Yunnan Tin Group Company Limited (YTC)
Polymetal International plc
Pan American Silver Corporation

News & Recent Development:

April 04, 23 – A mining royalty company, Vox Royalty Corp., has given a final development approval and resource upgrade to 323 million ounces of measured and designated silver equivalent resource, with a further 73 million ounces of inferred silver equivalent resource for the Bowdens “silver project” based in New South Wales, Australia.

About Us:

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.

Contact Us:

Company Name: Procurement Resource
Contact Person: Christeen Johnson
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

Refined Soybean Oil Price Chart, Historical and Forecast Analysis | Procurement Resource

Soybean oil, a type of edible oil, typically exhibits a pale yellow hue. This flammable liquid dissolves in carbon disulfide, chloroform, ether, and alcohol but remains insoluble in water. Extracted from the seeds of the Glycine max Merr plant through a refining process, the oil can be refined to contain over 99% triglycerides.

The chemical and physical characteristics of Soybean oil can vary based on the levels of triglycerides and linoleic acid present. Odorless with a mild taste, the oil solidifies between -10 to 16 °C and maintains stability in the presence of atmospheric oxygen. However, it reacts unfavorably in the presence of catalysts such as copper and iron, introducing an undesirable taste during the oxidation process. For proper storage, it is recommended to store the oil in an airtight, light-resistant container filled to capacity at a temperature exceeding 25°C. Primarily utilized in the food, culinary, and pharmaceutical industries, Soybean oil serves various purposes.

Request for Real-Time Refined Soybean Oil Prices: https://procurementresource.com/resource-center/refined-soybean-oil-price-trends/pricerequest

The key importing countries that import Refined Soybean Oil are the Netherlands, France, and Germany. On the other hand, the key exporting countries are the Netherlands, Germany, and France.

Key Details About the Refined Soybean Oil 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 Refined Soybean Oil 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 Refined Soybean Oil Price chart, including India Refined Soybean Oil price, USA Refined Soybean Oil 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 Refined Soybean Oil Price Trend:

Refined Soybean Oil finds versatile applications in the culinary realm, serving as a popular choice for frying, salad dressings, and as a foundational ingredient in the creation of margarine and shortenings. Beyond its significance in cooking and food production, soybean oil extends its utility to various industrial domains, including furnishing and agriculture. In these sectors, it contributes to the formulation of adhesives, glues, resins, laminates, and more. Moreover, this oil plays a pivotal role in the synthesis of insecticides and pesticides utilized in agricultural practices.

As a consumable edible oil, Refined Soybean Oil ranks as the second most widely consumed vegetable oil, trailing only behind palm oil. Its incorporation into commercially processed foods is commonplace, where it serves as a key ingredient. Additionally, both partially and fully Refined Soybean Oil, boasting qualities suitable as a drying oil, is employed in the production of printing inks and paints.

Key Players:

Cargill
Incorporated
Wilmar International
MWC Oil
CHS Inc
Archer Daniels and Midland Company

News & Recent Development

Date: June 15, 2023- The government has announced a reduction in the import duty, which drops from 17.5% to 12.5% on products, specifically refined sunflower and Soybean oil. The following will be effective from Thursday.

About Us:

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.

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Recycled HDPE Price Chart, Historical and Forecast Analysis | Procurement Resource

Recycled HDPE is the plastic after recycling, whereas the linear forms of polyethylene are referred to as high-density polyethylene (HDPE).

The type of plastic that is recycled most frequently on a significant basis worldwide is HDPE. Due to its distinctive qualities, this plastic is the most recyclable polymer and is therefore accepted at the majority of recycling facilities worldwide.

Request for Real Time Recycled HDPE Prices: https://www.procurementresource.com/resource-center/recycled-hdpe-price-trends/pricerequest

The universal symbol for the number "2" in the recycling triangle is present on recycled HDPEs, and this symbol can be used to distinguish them from non-recycled HDPEs. Recycled HDPE is increasingly being used in place of virgin HDPE in a number of industries since it is more affordable and environmentally beneficial. It is produced through waste HDPE films.

The leading recycled HDPE-exporting countries are India, Vietnam, China, South Korea, and the United States.

Key Details About the Recycled HDPE 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 Recycled HDPE 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 Recycled HDPE Price chart, 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 Recycled HDPE Price Trend:

Price Trend Image Many businesses, including the food and beverage and consumer goods sectors, are seeing an increase in demand for recycled HDPE.

Due to the high demand for packaging materials that are food-safe, the consumption of recyclable HDPE is rising in the food and beverage sector. These materials can successfully take the place of traditional plastics as a barrier between food items and environmental variables, expanding the market.

In the production of bottles for water and beverage packaging, recycled HDPE is an ideal and highly favoured material.

Recycled HDPE is also used in the packaging of products like toys, fashion accessories, and sports equipment, which serves to increase the durability of the final product. Due to their non-reactive character, these plastics have also seen a rise in demand in the packaging of goods like soaps, surfactants, shampoos, and other personal care products. The increased use of recycled HDPE in the production of packaging materials for consumer items will accelerate market expansion

Key Market Players:

Veolia Environnement S.A
Envision Plastics Industries LLC
Clean Tech Incorporated
KW Plastics Recycling Division
Advanced Environmental Recycling Technologies, Inc
HAHN Plastics Ltd
LyondellBasell Industries Holdings B.V
SUEZ SA

News and Events:

July 2022: ExxonMobil introduced the EXXONMOBIL HMA706 HDPE product line, which has strong impact resistance and exceptional dimensional stability. High gloss HMA706 is perfect for food packaging or other consumer items because it is authorised for food contact and fast cycling.

About Us:

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.

Contact Us:

Company Name: Procurement Resource
Contact Person: Christeen Johnson
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

Colorants Prices, Trends & Forecasts | Provided by Procurement Resource

Colorants are compounds used to provide colour to a variety of products, including food, cosmetics, textiles, and plastics.

They are usually synthetic or natural substances that can be added to a product in small amounts to change its colour.

Colorants are divided into two categories: dyes and pigments. They are insoluble compounds that are disseminated in the medium they colour, whereas dyes are soluble substances that are absorbed by the material they colour. Pigments are frequently favoured over dyes because they are more stable, lightfast, and resistant to bleeding and fading.

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Colorants can come from a range of sources, such as minerals, plants, animals, and synthetic substances.

Carotenoids, anthocyanins, titanium dioxide, iron oxides, and synthetic dyes such as Red 40 and Yellow 5 are examples of regularly used colorants.

The top four producing countries globally are the United Kingdom, Brazil, the United Kingdom, and Germany.

Key Details About the Colorants 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 Colorants 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 Colorants Price Trends, including India Colorants price, USA Colorants 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 Colorants Price Trend:

Colorants are widely used in the food industry to impart colour to a variety of items, including confectionery, drinks, baked goods, and processed meals. Natural Colorants like carotenoids and anthocyanins are frequently favoured, however synthetic colorants like Red 40 and Yellow 5 are also utilised.

In the cosmetics business, they are used to provide colour to items such as lipsticks, nail paint, eyeshadow, and hair colours. Natural colorants such as mica and iron oxide are frequently employed in this business, although synthetic colorants are also used.

They are used to dye fabrics and fibres such as cotton, wool, and synthetic materials in the textile industry. Owing to their higher colorfastness and consistency, synthetic dyes are frequently selected.

Key Players:

Chr. Hansen A/S
BASF SE
Pidilite Industries Limited
Huntsman International LLC
Sensient Technologies Corporation
Clariant AG
Lanxess AG

About Us:

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Company Name: Procurement Resource
Contact Person: Jolie Alexa
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

Coking Coal Prices, Trends & Forecasts | Provided by Procurement Resource

Coking Coal is a coke product and is a variety of bituminous coal. It is a strong, hard porous material with high carbon contents, created by heating coal in the absence of oxygen at a temperature above 600° C. The process removes the volatile components of coal and leaves coke as the by-product. Coke is entirely composed of hydrocarbons and has definite properties defining its chemical and physical nature.

Request for Real-Time Coking Coal Prices: https://procurementresource.com/resource-center/coking-coal-price-trends/pricerequest

Coking Coal is formed when coke is heated at high temperatures due to the carbon and hydrogen content of this chemical compound. It is also called metallurgical coal, as it produces hot metal in a blast furnace.

The key importer countries of Coking Coal are India, the Netherlands, and Vietnam. On the other hand, the exporting countries are Indonesia, Australia, and South Africa.

Key Details About the Coking Coal 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 Coking Coal 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 Coking Coal Price trend, including India Coking Coal price, USA Coking Coal 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 Coking Coal Price Trend:

Coking Coal is also known as metallurgical coal, primarily used in coke production, which is further used in steel industries. Coke is an essential fuel that acts as a reactant in blast furnacing, where the compound is extensively used in manufacturing steel.

Additionally, it is used in activities such as blacksmithing to heat iron and steel while forging, in foundries as a reducing agent, as a domestic heating fuel where natural or coal gas is not available, and in brewing to dry malted barley before the process of making bee. Other varieties of coal, such as Hard Coking Coal, Medium Coking Coal, Semi-Soft Coking Coal, and Pulverized Coal, are also used in metal manufacturing industries to produce steel.

Key Players:

OJSC Raspadskaya Coal Company
Goonyella Riverside Mine (BHP Mitsubishi Alliance)
Saraji Coal Mine (BHP Billiton/Mitsubishi Alliance)
Mitsui Coal Holdings Pty Ltd.
Anglo American plc
Mechel Group
Mitsubishi Chemical Corporation

News & Recent Development

Date: April 10, 2023- Tangshan Steel Mills has planned to reduce their purchase prices of Coking Coal to around 50-100 Yuan a tonne from April 10, 2023.

About Us:

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.

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Chloroprene Rubber Prices, Trends & Forecasts | Provided by Procurement Resource

Chloroprene rubber, also known as Neoprene, is a synthetic rubber created by polymerizing chloroprene monomer.

It was invented by DuPont in the 1930s and is remarked for its remarkable resistance to heat, ozone, weathering, and oil. It also has excellent mechanical qualities, including as strong tensile strength, elongation, and tear resistance.

It is widely utilised in the creation of industrial items such as hoses, gaskets, belts, and seals, as well as automobile parts and electrical insulation.

Request for Real Time Chloroprene Rubber Prices: https://www.procurementresource.com/resource-center/chloroprene-rubber-price-trends/pricerequest

One of the distinguishing characteristics of chloroprene rubber is its capacity to self-extinguish, making it an ideal choice for applications requiring fire resistance.

It can also be made to satisfy special needs, such as low-temperature flexibility or chemical resistance, making it a flexible material with numerous applications.

Germany, Japan, South Korea, and the United States are the top chloroprene-producing countries across the globe.

Key Details About the Chloroprene Rubber 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 Chloroprene Rubber 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 Chloroprene Rubber Price chart, including India’s Chloroprene Rubber price, USA’s Chloroprene Rubber 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 Chloroprene Rubber Price Trend:

Owing to its exceptional resistance to oils, solvents, and extreme temperatures, chloroprene rubber is commonly utilised in the production of industrial hoses and tubing. It is frequently used to transport chemicals, petroleum, and other fluids.

It is used to make a variety of automobile parts such as belts, gaskets, seals, and hoses. It is preferred because of its high resistance to oil, heat, and weathering. It is also employed as electrical insulation in cables, conductors, and other electrical equipment.

Additionally, it is employed in the construction sector for roofing and waterproofing applications. It is also used to make wetsuits, gloves, and other kinds of protective equipment.

Other than that, Due to its superior adhesive qualities and resilience to heat and chemicals, it is employed as a binder in adhesives.

Key Players:

Denka Group
DuPont Performance Elastomers
Dow Chemical Company
Showa Denko K.K
Lanxess AG

News and Events:

24 Aug 2022: Tosah's medium-term business plan calls for increased production of a variety of goods, including polychloroprene rubber, flame retardants, and chloroprene rubber.

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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

Tuesday, November 14, 2023

Skim Milk Powder (SMP) Price History and Forecast Analysis | Procurement Resource

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Silver Price History and Forecast Analysis | Procurement Resource

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Friday, November 10, 2023

Refined Soybean Oil Price Chart, Historical and Forecast Analysis | Procurement Resource

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Recycled HDPE Price Chart, Historical and Forecast Analysis | Procurement Resource

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Colorants Prices, Trends & Forecasts | Provided by Procurement Resource

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Coking Coal Prices, Trends & Forecasts | Provided by Procurement Resource

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Thursday, November 9, 2023

Chloroprene Rubber Prices, Trends & Forecasts | Provided by Procurement Resource

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