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Mitsui Chemicals lifts polypropylene prices in Asia, shares reflect tighter margin focus - Ad-hoc

Mitsui Chemicals lifts polypropylene prices in Asia, shares reflect tighter margin focus - Ad-hoc

Mitsui Chemicals raised June/July polypropylene prices in Asia due to higher feedstock costs and demand, aiming to preserve margins. Shares traded at 3,500 JPY, reflecting a focus on profitability.
India launches world’s first nuclear heat-based hydrogen production facility in Tamil Nadu

India launches world’s first nuclear heat-based hydrogen production facility in Tamil Nadu

India launched the world's first nuclear heat-based hydrogen production facility in Kalpakkam, Tamil Nadu. Using the indigenous Cu-Cl thermochemical process, it marks a pioneering breakthrough for large-scale, carbon-free hydrogen production, boosting clean energy and decarbonization goals.
Hyderabad Biologics Plant Faces New USFDA Questions

Hyderabad Biologics Plant Faces New USFDA Questions

Hyderabad's biologics plant received seven USFDA observations during a June 16-25 inspection, following five in 2025. The company will address the Form 483 findings, underscoring compliance importance in India's pharma hub.
| Textile feedstock prices fall; downstream market remains in range

| Textile feedstock prices fall; downstream market remains in range

Falling crude oil prices, due to easing geopolitical tensions, significantly lowered synthetic fibre production costs. Naphtha saw **.*% to **.*% cumulative losses. However, weak downstream demand keeps textile fibre prices largely stable, preventing stronger buying.
Anti-dumping duty on PAN: Why implementation is critical for India’s chemical manufacturing resilience

Anti-dumping duty on PAN: Why implementation is critical for India’s chemical manufacturing resilience

Anti-dumping duties on PAN are critical. Non-implementation costs India's chemical industry INR 11,938 crore annually, risking INR 2,100 crore investments and self-sufficiency, despite negligible downstream price impact.
India lifts restrictions on commercial LPG supplies amid US-Iran peace talks

India lifts restrictions on commercial LPG supplies amid US-Iran peace talks

India lifted commercial LPG restrictions, restoring supplies for businesses amid US-Iran peace talks. Bulk supplies are at 50% of pre-crisis levels, providing relief. Domestic LPG costs Rs 942, commercial Rs 3,113.5.
Industry Groups Welcome LPG and Plastic Duty Waiver, But Warn of Limited Impact

Industry Groups Welcome LPG and Plastic Duty Waiver, But Warn of Limited Impact

The government waived LPG and plastic import duties, part of a $1.5B stimulus, to ease industry costs. While welcomed, groups warn of limited impact due to global tensions and high energy prices, with economists predicting modest GDP growth.
Strait of Hormuz reopening to weigh on PetChem

Strait of Hormuz reopening to weigh on PetChem

TA Research downgraded PetChem to 'sell', cutting target price to RM4.32 from RM6.56. Reopening of Strait of Hormuz removes a key catalyst, weakening earnings from 2027 due to oversupply.
Qatar Offers First Crude Loadings to Buyers Since War Began

Qatar Offers First Crude Loadings to Buyers Since War Began

QatarEnergy offers crude loadings via tender closing June 29, adding to over 60 million barrels from ADNOC and Kuwait's naphtha. This boosts Middle East supply, increasing Strait of Hormuz traffic and depressing oil prices to pre-war levels.
Colombia plastics industry welcomes new cabinet but flags tariff threat – Acoplasticos

Colombia plastics industry welcomes new cabinet but flags tariff threat – Acoplasticos

Colombia's plastics industry welcomes the new government's pro-business stance but fears a 10% tariff hike on raw materials like PP, threatening competitiveness. The new administration's pro-fracking policy could ease feedstock supply.

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