Chemicals News Today

Tamil Nadu suspended 50 fertilizer traders' licenses for malpractices like black marketing and selling substandard products during the 2025-26 Kharif season. Over 200 MT of duplicate fertilizers were seized, and 5 FIRs were registered after 20,727 raids.

India secured a US trade deal, gaining an 18% reciprocal tariff on goods like textiles and chemicals, improving market access. The framework also targets non-tariff barriers and includes India's commitment to buy $500 billion in US products over five years.

US-India's Interim Trade Agreement cuts tariffs on Indian goods from ~50% to 18%, benefiting textiles, leather, chemicals, and seafood. India reciprocates on US industrial/agri products. India plans $500 billion US purchases, deepening economic ties.

IMFA expects significant gains from its ₹610 crore Odisha plant acquisition, boosting ferro chrome output from 260,000 to 400,000 tonnes by FY27. Its ethanol project also targets ₹250 crore revenue in FY27.

Milliken unveiled next-gen polymer innovations at PlastIndia 2026 (Feb 5-10), showcasing technologies like Millad ClearX 9000 and Hyperform HPN. These aim to boost efficiency, performance, and sustainability in plastics, helping manufacturers achieve production goals.

India-US interim trade deal, reducing tariffs to 18%, could stabilize the rupee, revive FPI flows, and re-rate export sectors like textiles, chemicals, and pharma, improving India's global trade position.

Jeet Adani announced a Rs 70,000-Cr coal gasification and chemical project near Nagpur, creating 30,000 jobs. This project aims to boost India's energy self-reliance and position Nagpur as a global hub for advanced chemical manufacturing and clean-energy technologies.

The virtual US Embassy in Iran has advised all American citizens to leave the country immediately amid escalating geopolitical tensions. In its latest advisory, the embassy warned of heightened security measures, possible road closures, internet disruptions, and flight cancellations, urging nationals to depart without delay. Meanwhile, market sentiment in the domestic chemical space remains firm, with methanol prices expected to edge higher in the second half of the day, supported by cautious buying and tightening supply outlook.

Acetone basic prices have been revised upward by ₹2,000 per metric tonne, effective 06 February 2026. Revised price levels are as follows: Bulk: ₹91,500 PMT Packed: ₹1,04,500 PMT The price prevailing on the date of dispatch will be applicable for all orders.

SIT revealed Bhole Baba Dairy used 8,900 kg of LABSA, a toilet cleaning chemical, and 57.56 lakh kg of cheap oils to adulterate ghee for Tirupati Laddus. This harmful chemical poses severe health risks.