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Chemicals News Today

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S Korea bans hoarding of basic materials to ensure domestic supply

S Korea bans hoarding of basic materials to ensure domestic supply

US Polystyrene Jumps on Benzene Spike, 4–6% Rise Expected

US Polystyrene Jumps on Benzene Spike, 4–6% Rise Expected

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Oil and gas prices fall as Iran reopens Hormuz; how it will impact India? What will happen to LPG crisis now?

Oil and gas prices fall as Iran reopens Hormuz; how it will impact India? What will happen to LPG crisis now?

news24online.com

Iran reopened the Strait of Hormuz, dropping oil prices 10% and gas 8.5%. This eases India's energy crisis, relieving 40-50% of crude and 85% of gas imports, and boosting LPG imports from 40% to 90%.

$2 Million Per Ship: How Iran's Hormuz Toll Plan Reshapes Global Trade And India's Energy Security

$2 Million Per Ship: How Iran's Hormuz Toll Plan Reshapes Global Trade And India's Energy Security

Iran's $2M per ship toll in the Strait of Hormuz, handling 20% of global energy freight, reshapes trade. It impacts India's energy security, causing LPG shortages and potential price hikes, despite limited immediate global oil price effect.

Chief Secy Reviews Progress Of Talcher Fertilizers Limited Project; Targets December 2027 Completion

Chief Secy Reviews Progress Of Talcher Fertilizers Limited Project; Targets December 2027 Completion

Talcher Fertilizers Limited project reviewed, targeting December 2027 completion. This coal gasification urea plant, a JV, aims to boost 'Atmanirbhar Bharat' by reducing imports. Power line connectivity by December 2026.

Petrochemicals Market Size to Reach USD 1,263.95 Billion By 2035

Petrochemicals Market Size to Reach USD 1,263.95 Billion By 2035

finance.yahoo.com

The global petrochemicals market is projected to reach USD 1,263.95 billion by 2035, growing at a 5.85% CAGR. Driven by industrial demand, packaging, and sustainable innovations, Asia Pacific leads, with Middle East & Africa showing fastest growth.

74

Why is the Petrochemicals Market continuing to play a critical role in global industrial and manufacturing growth today?

Why is the Petrochemicals Market continuing to play a critical role in global industrial and manufacturing growth today?

The Petrochemicals Market reached USD 0.85 billion in 2025, projected to hit USD 1.20 billion by 2033 with a 6% CAGR. Driven by increasing demand for plastics, polymers, and industrial growth, it plays a critical role in global manufacturing.

1118

Andhra fuel supplies stable, no shortage of LPG or petrol: OMC official

Andhra fuel supplies stable, no shortage of LPG or petrol: OMC official

Andhra Pradesh has stable fuel supplies. LPG inventory covers 3 days, petrol/diesel 15 days. Panic bookings for LPG eased; delivery improved to 5-6 days. Commercial demand met 70%, essential services 100%. No shortage, officials assure.

1014

India: Buyers shift to coal, resist higher prices as Petcoke supply tightens

India: Buyers shift to coal, resist higher prices as Petcoke supply tightens

Indian buyers shift to coal due to high petcoke prices ($168-170/t offers vs $155/t bids) and tight supply. Over 2.5 mnt US coal is en route, with cement and industrial sectors actively substituting, stalling petcoke trade.

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India’s Vishnu Chemicals announces temporary shutdown of Parwada plant for routine maintenance

India’s Vishnu Chemicals announces temporary shutdown of Parwada plant for routine maintenance

Vishnu Chemicals announced a temporary shutdown of its Parwada plant for three weeks of routine maintenance. The unit is closed for essential upkeep, ensuring operational efficiency.

China phenol and acetone capacity utilization rate drop to 77.30% as of Apr 15

China phenol and acetone capacity utilization rate drop to 77.30% as of Apr 15

China's phenol-acetone capacity fell to 77.30% by April 15 due to plant maintenance, tightening supply. Low port inventory of 33,000 tonnes supports prices, with market direction hinging on imported cargo arrivals.

Over 6.90 mln tonnes China ammonium chloride capacity under maintenance pre-May

Over 6.90 mln tonnes China ammonium chloride capacity under maintenance pre-May

China's ammonium chloride capacity, over 6.90 million tonnes, faces pre-May maintenance, tightening supply. Prices rebounded post-Spring Festival, rising 32.78% (Yuan 165.90/tonne) by mid-April due to demand and global fertilizer prices.

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