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China BDO exports surge 159.94% in Q1 before VAT rebate removal

China BDO exports surge 159.94% in Q1 before VAT rebate removal

China's BDO exports surged 159.94% in Q1, reaching 80,000 tonnes, driven by the upcoming VAT rebate removal on April 1, 2026. This reduced inventory and boosted prices.
India–South Korea Strengthen Petchem Trade; Naphtha Supply Secured

India–South Korea Strengthen Petchem Trade; Naphtha Supply Secured

India and South Korea strengthen petchem trade. South Korea secures 2.1 million MT of naphtha for production, while India becomes a key demand hub for South Korean petchem exports, boosting bilateral ties.
India’s DCM Shriram sells 50% stake in Shriram Polytech to US-based Teknor Apex, forms PolyTek JV

India’s DCM Shriram sells 50% stake in Shriram Polytech to US-based Teknor Apex, forms PolyTek JV

India's DCM Shriram sold a 50% stake in Shriram Polytech to US-based Teknor Apex, forming PolyTek JV to boost specialty polymer solutions.
Strait of Hormuz traffic remains low as only Iran-linked ships transit

Strait of Hormuz traffic remains low as only Iran-linked ships transit

Traffic in the Strait of Hormuz remains significantly low, operating at just 10% of prewar levels, with only Iran-linked ships currently transiting the vital waterway.
India extends antidumping duties on normal butanol imports from Malaysia, South Africa, US

India extends antidumping duties on normal butanol imports from Malaysia, South Africa, US

India extends antidumping duties on normal butanol imports from Malaysia, South Africa, and US. Indian Oil and Bharat Petroleum are expanding domestic butanol production, tightening import controls to support local industry.
India’s March crude runs remain high; future months to test crude sourcing strategy

India’s March crude runs remain high; future months to test crude sourcing strategy

India's March crude runs remained high at 5.5 million b/d, with state refiners exceeding 100% capacity. Future sourcing strategy is key amid Middle East disruptions, boosting Russian crude imports to 2.1 million b/d and increasing LPG output.
China's Q1 potash imports surge 29% on strong spring demand

China's Q1 potash imports surge 29% on strong spring demand

China's Q1 2026 potash imports surged 29.29% YoY to 1.52 million tonnes, driven by strong spring farming demand, despite higher prices and logistics disruptions.
China's Mar DEG imports up 8.84% MoM, to fall in Apr

China's Mar DEG imports up 8.84% MoM, to fall in Apr

China's March DEG imports rose 8.84% MoM to 35,700 tonnes; exports jumped 106.25% to 6,600 tonnes. April imports are projected to fall to 20,000 tonnes due to Middle East tensions.
China butadiene prices slump while downstream demand to slowly recover

China butadiene prices slump while downstream demand to slowly recover

China's butadiene prices plunged 20.34% (late March-April) due to weak demand, easing downstream costs. PBR losses narrowed by Yuan 1,751/t, with production profits slowly recovering, expected to alleviate weak demand.
Styrene monomer (SM) prices decline in Asia

Styrene monomer (SM) prices decline in Asia

Styrene monomer (SM) prices in Asia declined by USD 20/mt, with FOB Korea at USD 1320-1330/mt and CFR China at USD 1270-1280/mt. This fall is due to weaker benzene feedstock, which dropped USD 45/mt, and subdued demand.

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