Chemicals News Today

Sugarcane growers temporarily suspended their week-long protest after setting a November 26 deadline for the Union government to increase the MSP to Rs 5,500 per tonne and raise the sugar selling price.

Prolonged US-Iran war drains 95% of China's petrochemical stockpiles, surging material costs and global consumer prices. While Asian refiners suffer margin pressures, US chemical firms benefit from cheap shale gas.

Maharashtra is formulating a dedicated chemical industry policy, releasing in November, which includes plans to establish a large chemical industrial hub in the Vadhavan Port region.

Two AI-based companies secured major funding rounds: Albert raised $55 million for its chemistry-native AI platform, while Scimplify secured $25 million to expand advanced materials manufacturing.

JP Nadda praised PM Modi for insulating India from West Asia war crises. At 'India Chem 2026', he announced plans for a Rs 1,000 crore chemical park, aiming for a $1 trillion market size by 2040.

IDL Explosives commissioned a 9,000 MT bulk explosives silo plant across 8.4 acres near Asansol, West Bengal, to service long-term Coal India orders and enhance regional mining safety and delivery.

Union Minister JP Nadda inaugurated India Chem 2026, highlighting the BHAVYA Rasayan Scheme as a game changer. The industry is projected to reach USD 300 billion by 2030.

India’s chemical market is showing mixed price signals as Deepak Phenolics raises Isopropyl Alcohol (IPA) by ₹7/kg and Acetone by ₹4/kg, while GNFC reduces Acetic Acid by ₹2,000/MT and revises Ethyl Acetate prices downward. Brent crude above $110/barrel adds cost-push risk, although healthy port inventories and continued cargo arrivals are cushioning spot availability across several chemical categories.

Kanoria Chemicals has launched a new triacetin manufacturing unit at Ankleshwar, boasting a production capacity of 12 metric tonnes per day.

India initiated a sunset review on anti-dumping duty for Chinese DCC imports after Clean Science and Technology warned that dumped goods threaten domestic profitability.