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India: SAIL Rourkela returns to market with fresh coal tar auction following successful April tender

India: SAIL Rourkela returns to market with fresh coal tar auction following successful April tender

SAIL Rourkela will auction 10,000 tonnes of crude coal tar on 21 May 2026, following a successful April tender. The previous 7,000 tonnes sold at INR 52,300/t, indicating strong buyer confidence.
U.S. Plastic Resin Production Set for Near-Term Growth

U.S. Plastic Resin Production Set for Near-Term Growth

U.S. plastic resin production is set for near-term growth with over $22 billion in projects. Global output is projected to reach 740 million tonnes by 2040. However, plastics recycling faces headwinds despite $4 billion in new investments.
How Vinni Chemicals tackles Blended Fuel challenges with Performance Additives

How Vinni Chemicals tackles Blended Fuel challenges with Performance Additives

Vinni Chemicals, a ₹3.5-billion group, expands globally with fuel additives, targeting South Asia, Africa, and UAE. With ₹10 crore R&D investment and 90 lakh litres annual coolant capacity, it's poised for international growth and cleaner mobility.
Homegrown DME: India's New Hope for Energy Independence

Homegrown DME: India's New Hope for Energy Independence

Indian scientists at CSIR-NCL are pioneering Dimethyl Ether (DME) as a homegrown LPG alternative. Aiming for energy independence, DME, initially blended at 20% with LPG, promises significant foreign exchange savings and versatile applications, reducing fuel import reliance.
Raw material costs up 60 per cent, exporters in Karur seek govt aid

Raw material costs up 60 per cent, exporters in Karur seek govt aid

Karur textile exporters face severe crisis: raw material costs up 30-60%, cotton yarn up 30-40%, and acute labour shortage due to war and tensions. They seek urgent government aid and stability measures.
Petrochemical crunch hits supply chains across Asia - China Daily

Petrochemical crunch hits supply chains across Asia - China Daily

Asia's petrochemical supply chains face severe disruptions due to the US-Israeli war, cutting Middle East naphtha exports (65% of Asia's imports). This impacts packaging, consumer goods, and medical supplies, with costs soaring 40-50% and premiums up to $150/ton.
India's cooking fuel shortage is driving up California's gas prices

India's cooking fuel shortage is driving up California's gas prices

India's cooking fuel shortage, stemming from the Iran war's oil supply disruption, forces refiners to cut alkylate output. This drives California's gas prices to $6.14/gallon, potentially exceeding $6.50, amidst global energy crisis.
China Bazaar Futures Opening Alert

China Bazaar Futures Opening Alert

China Bazaar Futures opened higher on May 18, 2026. PP futures opened at 8800 RMB/MT, LLDPE at 8040 RMB/MT, and PVC at 5030 RMB/MT, all closing slightly lower.
Feedstock Offers Update

Feedstock Offers Update

Feedstock offers update for May 18, 2026: Naphtha C&F Japan $1005. Propylene and Ethylene prices show declines in Europe. Styrene FOB Rotterdam at $1510. PTA up to $975, MEG stable at $660.
Asia top stories – weekly summary

Asia top stories – weekly summary

Asia's chemical markets face disruptions, oversupply, and waning demand. Malaysia's Q1 growth slowed to 5.4%, while Japan sees production cuts and consolidation. Geopolitical tensions heighten credit risk across the sector.

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