# Chemical process catalysts: Trading

Why there is no open market for process catalysts

Source page: https://www.materialinsights.org/chemicals/process_catalysts/trading/

What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.

#### Who buys, and where

- Plant owners buy reloads under long-term agreements with licensors
- Indian fertiliser and petrochemical companies (e.g. RCF, NFL, Reliance, GAIL) tender for reloads

#### Who sells, and from where

- Licensors and catalyst makers sell direct; no merchant market

#### Price benchmarks

| Benchmark | Publisher | Basis |
|---|---|---|
| **None for catalysts** |  | prices confidential |

#### Exchanges

| Venue | Contract | Notes |
|---|---|---|
| **None** | not exchange-traded | metal inputs hedged on LBMA and LME |

#### Contract types

- Licence plus first fill
- Reload supply agreements
- Performance guarantees on activity and life
- Metal lease and toll refining for precious metals

#### Traders and distributors

- Not applicable

#### How Indian buyers price it

- Tendered by plant owners; imported at supplier price plus customs duty and GST

#### Recent price points

| Date | Price | Basis | Source |
|---|---|---|---|
| 2025 | **not published** | private contracts |  |

#### Good sources to follow
[Topsoe news and financial releases](https://www.topsoe.com/news/topsoe-updates-financial-outlook-for-2026)free research site · Topsoe

syngas and e-fuel catalysts, PTX restructuring
[Clariant news](https://www.clariant.com/corporate/news/2026/02/clariant-delivers-third-year-of-strong-ebitda-margin-improvement)free research site · Clariant

Catalysts business unit results
[Johnson Matthey investors](https://www.matthey.com/investors)free research site · Johnson Matthey

Clean Air and PGM results; sale of Catalyst Technologies to Honeywell

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/process_catalysts/index.md)
- [Overview](https://www.materialinsights.org/chemicals/process_catalysts/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/process_catalysts/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/process_catalysts/routes/index.md)
- [Production](https://www.materialinsights.org/chemicals/process_catalysts/production/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/process_catalysts/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/process_catalysts/cycles/index.md)
- [Movement](https://www.materialinsights.org/chemicals/process_catalysts/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/process_catalysts/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/process_catalysts/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/process_catalysts/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/process_catalysts/links/index.md)