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Chemicals News Today

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RIL Rolls Out X and Y Incentive Scheme for HD/LL Sales in November 2025

RIL Rolls Out X and Y Incentive Scheme for HD/LL Sales in November 2025

RIL launched X & Y incentive schemes for HD/LL sales in November 2025. Buyers achieving 9% of FY26 annualised APR quantity qualify for Category X, and 12% for Category Y.
RIL Cuts MEG Contract Price to $460/MT for H2 November 2025

RIL Cuts MEG Contract Price to $460/MT for H2 November 2025

RIL has set its Monoethylene Glycol (MEG) contract price at US$ 460/MT for H2 November 2025. This marks a US$ 14/MT reduction compared to October's nomination.
IOCL Unveils Special PP Incentive Scheme for November 2025

IOCL Unveils Special PP Incentive Scheme for November 2025

IOCL launched a Special Incentive Scheme for PP and Flexi APP customers for November 2025. Incentives are post-sales, based on PP grade lifting: ≥85% upliftment gets X, ≥110% gets Y, and any PP utility upliftment gets Z.
DCM Shriram’s operating income in chemical business plummets on weak prices

DCM Shriram’s operating income in chemical business plummets on weak prices

DCM Shriram's chemical business operating income plummeted due to weak prices. Meanwhile, the fertilizer sector saw a 62% YoY volume increase. India Pesticides also faced earnings challenges from weak prices and oversupply.
Lotte Fine Chemical swings to loss, records lower revenue

Lotte Fine Chemical swings to loss, records lower revenue

Lotte Fine Chemical reported a loss and lower revenue, primarily due to a decline in chemical business sales. This downturn was attributed to the significant overseas price drop of ammonia products, impacting the company's financial performance.
Weak price, oversupply hurts India Pesticides’ earnings

Weak price, oversupply hurts India Pesticides’ earnings

India Pesticides' earnings were impacted by weak prices, subdued volumes, and high-cost inventories. Oversupply of raw material from China led to steep price drops, further weakening the company's performance.
Ethylene prices fall in parts of Asia

Ethylene prices fall in parts of Asia

Ethylene prices in Far East and South East Asia dropped last week to USD 730-740/mt and USD 720-730/mt respectively, both down USD 5/mt, due to weak demand. FOB Korea and Japan prices remained stable.
India rescinds key BIS norms for chemicals and polymers

India rescinds key BIS norms for chemicals and polymers

India's Ministry of Chemicals and Fertilizers rescinded multiple BIS norms for key chemicals and polymers like TPA, EG, PP, PE, PVC, ABS, etc. This removes mandatory standards, impacting compliance and creating opportunities for industry adjustments and advisory services.
India strikes US gas deal under Trump pressure

India strikes US gas deal under Trump pressure

India signed a one-year deal for 2.2 MTPA of US LPG, covering nearly 10% of its imports. This first structured contract diversifies India's energy sources amidst US pressure and ongoing trade talks.
Indian PSUs Sign One-Year LPG Import Deal

Indian PSUs Sign One-Year LPG Import Deal

Indian PSUs secured a one-year deal to import 2.2 million tonnes of LPG from the US Gulf Coast for 2026, representing ~10% of India's imports. This deal, using the Mount Belvieu benchmark, aims for stable, diversified supplies.

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