Chemicals News Today

Bank of America upgraded Dow to Neutral, raising its price target to $31 and boosting Q4 EBITDA to $1.45 billion, driven by higher oil prices and improving chemical demand.

Indian polyester raw material prices declined effective October 17, 2026, with Reliance Industries reducing PTA to ?107.60 and polyester melt to ?116.91 per kg amid weakening Asian petrochemical markets.

Haryana ordered a 48-hour resolution for paddy procurement complaints regarding excess yield and assured full crop purchase within moisture limits of 17%, offering a Rs 10,000 per acre incentive for shifting to cotton.

Jordan launched a strategy for the chemical and cosmetics sector (2027-2029) featuring six programs to boost labor productivity, enhance manufacturing, and drive exports toward $2.82 billion by 2029.

The US-Bangladesh ART may boost US cotton and textile exports by linking zero-tariff apparel access to US inputs, though China and India will likely maintain their dominant positions in Bangladesh's supply chain.

The Meghalaya Cabinet approved the closure of state-owned cement company MCCL, writing off Rs. 244.3 million in dues while ensuring all employee liabilities are fully settled.

The global polyamide in electronic protection device market is projected to grow at a 4.2% CAGR through 2035, driven by smart grid expansions and electric vehicle charging infrastructure rollouts.

Maharashtra government formed a high-level inter-departmental anti-drug forum led by the DGP to curb synthetic narcotics manufacturing, monitor precursor chemical diversion, and enhance multi-agency enforcement operations.

The Delhi Municipal Corporation sealed eight polluting industrial units, including jeans-dyeing and plastic-granule factories, and disconnected their electricity supply in Shahdara North during a joint enforcement drive.

Polyethylene and polypropylene prices surged due to Middle East export disruptions near the Strait of Hormuz, driving buyers toward North American petrochemical producers like Dow, Alpek, and Westlake.