Chemicals News Today

The Indian Toluene market remained firm through August, with domestic prices assessed around ₹152–172/kg over the latest 10-day period. Asian markets also strengthened, supported by tight Chinese spot availability, refinery maintenance and higher crude/feedstock costs. However, subdued downstream buying and resistance to high prices are increasingly pointing towards high-level consolidation rather than an immediate sharp rally.

China's polypropylene prices reached a two-month high, driven by supply cuts, rising propylene feedstock costs, and recovering PDH plant operating rates at 75.73% amid improving holiday demand.

Middle East disruptions have driven Asian chemical trade shifts, with China stepping in as a key supplier due to competitive coal-to-chemicals technology, boosting its styrene exports significantly.

IVL Dhunseri Petrochem Industries has increased its PET resin prices by ₹4.50/kg, effective from 15 September 2026.

Chemplast Sanmar Limited has increased its PVC Suspension Polymer prices by ₹3 per kg, effective from 15 September 2026.

Childhood friends left major chemical firms to found Alliance Chemicals Global. Bootstrapping with $200k, they scaled revenue 1,400% in four years, expanding into manufacturing and supply chain solutions.

China hosts over 1.5 million tons of annual superabsorbent polymer capacity. The industrial market is projected to reach USD 2.24 billion by 2032, driven by top manufacturers balancing hygiene and industrial solidification grades.

Global oxalic acid powder demand is projected to grow 5-7% annually through 2035, driven by e-waste recycling, semiconductor cleaning, and environmental shifts, despite concentrated production in China.

PETRONAS Chemicals hit a three-month high at RM5.25 and refiners climbed as Brent crude topped US$100 per barrel amid escalating Middle East conflicts.

The chemical industry is shifting toward sustainable practices, driven by policy and economics. Investments in clean hydrogen exceeded $130 billion globally, while AI-led innovations reduce emissions, water, and energy use.