Chemicals News Today

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.

Asian PVC suspension-grade prices climbed across regions, including India at USD 880-950/mt CFR, driven by higher import offers, rising freight rates, and firmer upstream costs, despite subdued demand.

Price Revisions Effective 21 October 2026. Isopropyl Alcohol (IPA): Deepak Phenolics increased the basic price by ₹7/kg to ₹157/kg + GST at Dahej and Mumbai, applicable to advance payments. Acetone: Deepak Phenolics raised the basic price by ₹4/kg to ₹154/kg + GST at Dahej and Mumbai, applicable to advance payments. Acetic Acid: GNFC reduced prices by ₹2,000/MT. The revised basic prices are ₹66,000/MT for tankers and ₹80,000/MT for carboys, ex-GNFC, against immediate payment. Ethyl Acetate: GNFC reduced prices to ₹99,000/MT for tankers and ₹107,000/MT for drums, on an advance-payment basis.

Bharat Coal Gasification has started construction on its Rs 25,000 crore Odisha project, awarding Rs 15,000 crore in contracts to produce 0.66 million tonnes of technical-grade ammonium nitrate annually.

Egypt's chemical and fertiliser exports to India surged 325% to reach $627 million in the first eight months of 2026, making India its third-largest export destination and strengthening bilateral trade links.

Nissan Chemical's joint venture will build a dedicated facility in Gujarat by FY2028 to manufacture the next-generation rice herbicide Ryzonic, boosting India's role in its global supply chain.

Bangalore-based advanced materials startup Scimplify has raised $25 million in a funding round led by Hitachi Ventures, bringing its total funding to $80 million to expand manufacturing and technical capabilities.

Linde doubled its on-site industrial gas capacity at Tata Steel's Kalinganagar complex, supporting the facility's production expansion from three million to eight million tonnes annually with increased oxygen, nitrogen, and argon supplies.