Chemicals News Today

Maharashtra intensified fertiliser monitoring in Pune, suspending 107 dealer licenses and filing 7 police cases to prevent black marketing and hoarding. This safeguards farmer access and agricultural productivity ahead of the kharif season.

Mixed Xylene prices in India continued to weaken in June 2026, tracking lower crude oil and Asian aromatics prices. Comfortable regional supply, falling paraxylene (PX) prices, and seasonal weakness in PTA and polyester demand kept buying activity subdued. The market is expected to remain range-bound until stronger downstream demand or crude recovery emerges.

Manali Petrochemicals announced the resumption of operations at its Plant 1, effective July 5, 2026. This update signals a return to normal production for the company.

Panama Petrochem commenced commercial operations at new units in Thane, Maharashtra, on July 6, 2026. This expansion at Lodha Industrial Park aims to boost production capacity and drive revenue growth. Investors will monitor impact.

Two illegal units in Kovai were sealed for diverting 60-100 tonnes of subsidised urea, meant for farmers, to produce industrial resin for Kerala. Units also faced action for pollution and operating without permits.

DACL Fine Chem will invest Rs 5 billion to establish a 50-acre speciality chemicals plant in Kakinada SEZ. This project, expected to generate employment, will produce high-value chemicals for domestic and overseas markets, bolstering coastal Andhra Pradesh's manufacturing.

China Bazaar Futures opened on July 6, 2026. PP futures opened lower at 7236 RMB/MT, LLDPE lower at 6850 RMB/MT, while PVC futures opened higher at 4460 RMB/MT, indicating mixed market trends.

Feedstock offers update shows Naphtha at $675 (-5), Propylene Europe up €15-€25, Styrene Asia up $5, and PTA/MEG up $10. Ethylene prices remain stable across regions.

Supreme Petrochem Ltd (SPL) has decreased GPPS & HIPS polymer prices by Rs. 2,000/kg, effective July 6, 2026.

Asia's chemical markets show mixed trends: fatty acids restocking and India's recycled plastics grow, while isocyanates face oversupply. Factory output eases, and India's polymers face headwinds despite strong demand.