Chemicals News Today

Saudi Aramco increased LPG official selling prices, while Algeria’s Sonatrach reduced rates due to higher supply in the Mediterranean market, traders reported.

Commercial LPG rates hiked from June 1st, with a 19-kg cylinder now over ₹3,250 in Kolkata and ₹3,100 in Delhi. This intensifies cost pressures for urban businesses, fueling inflation concerns, while household LPG prices remain unchanged.

Acetone prices in India remained firm during Q2 2026 despite easing supply tightness and improved import availability. While elevated propylene and energy costs continue to support market levels, weak downstream demand and cautious purchasing activity have limited further upside. Market sentiment remains balanced with a mildly soft near-term outlook.

The EU is strengthening trade policy against Chinese imports, boosting local production of critical medicines (CMA by 2026) and chemicals. Facing alleged dumping and supply risks, the EU launched 33 investigations in 2024, imposing 30-40% duties on some Chinese goods.

Japan will boost petrochemical material supplies for paint and thinner by 1.8 times usual demand. Oil wholesalers will directly supply makers to address imbalances and ensure products reach builders.

Gujarat Alkalies & Chemicals approved a Rs. 67 crore, 5,000 TPA high-purity hydrogen peroxide plant at Dahej. Expected in 18 months, it targets semiconductor and solar industries, projecting Rs. 42 crore annual sales, funded by internal accruals.

IPFT hosted BIOPSF 2026, a 2-day symposium on next-gen bio-inputs for sustainable agriculture, marking its 36th Foundation Day. It gathered policymakers, scientists, and industry, featuring 23 lectures and 80 presentations.

Chambal Fertilisers and Chemicals Limited commenced weak nitric acid production at its Gadepan facility in Rajasthan. This marks a key milestone for its Technical Ammonium Nitrate (TAN) project, strengthening its industrial chemicals portfolio for mining and infrastructure sectors.

Ichthys LNG strikes in June 2026 disrupt 9.3 mt/yr LNG, 100,000 b/d condensate, and 1.65 mt/yr LPG output, impacting Asian energy markets. This recurring Australian labour dispute creates supply anxiety and cost pressures.

Andhra Pradesh will soon lay the foundation for a Rs 1 lakh crore BPCL refinery and petrochemical complex. The project, targeting 9-12 MTPA capacity, promises Rs 87,558 crore to the state and 7,150 jobs, supported by significant government incentives.