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LG Chem says no force majeure; Lotte Chemical warns of potential force majeure on monomer output

LG Chem says no force majeure; Lotte Chemical warns of potential force majeure on monomer output

LG Chem retracted force majeure, now foreseeing potential DOTP shipment disruptions (110,000 mt/y) due to feedstock issues. Lotte Chemical warns of potential force majeure on 210,000 mt/y monomer output, citing Strait of Hormuz blockade and raw material procurement challenges.
PTTGC ensures steady operations and supply chain amid Middle East volatility

PTTGC ensures steady operations and supply chain amid Middle East volatility

PTTGC ensures steady operations and supply chain stability amidst Middle East volatility, implementing measures for price volatility and feedstock procurement management.
Balaji Amines faces production halt due to supply chain disruptions

Balaji Amines faces production halt due to supply chain disruptions

Balaji Amines has halted production due to severe supply chain disruptions. Suppliers invoked force majeure, leading to struggles in ammonia procurement, impacting operations.
PP prices surge globally on Middle East conflict

PP prices surge globally on Middle East conflict

Global PP prices surged due to Middle East conflict, with Asia PP up $330/mt since March 2. Supply tightened as producers declared force majeure. Iran's retaliation threats and Orion's price hikes indicate market volatility.
Asian propylene prices surge as tightening supply and Middle East tensions drive costs higher

Asian propylene prices surge as tightening supply and Middle East tensions drive costs higher

Asian propylene prices surged due to tight supply, rising energy costs, and Middle East tensions. CFR South East Asia spiked USD 225/mt, FOB Korea USD 230/mt, and CFR China/Taiwan USD 220/mt. Overall, prices rose USD 305-315/mt.
25,605 LPG distributorships in India, 17,677 in rural areas: Govt

25,605 LPG distributorships in India, 17,677 in rural areas: Govt

India has 25,605 LPG distributorships (17,677 rural). Government compensated OMCs with Rs 22,000 crore (FY23) and Rs 30,000 crore (FY26), ensuring affordable LPG for 10.56 crore PMUY beneficiaries.
Fertile grounds: How US-Iran war can affect Indian farmers

Fertile grounds: How US-Iran war can affect Indian farmers

India imports 15% of its urea, crucial for 46% of its agrarian population. A US-Iran war threatens Middle East suppliers, risking supply disruptions and price hikes, impacting Indian farmers and food security.
India exports 3.15 lakh tonne sugar in Oct-Feb of 2025-26 marketing year: AISTA

India exports 3.15 lakh tonne sugar in Oct-Feb of 2025-26 marketing year: AISTA

India exported 3.15 lakh tonne sugar in Oct-Feb 2025-26, targeting 2 million tonne total, with UAE as top destination. However, 2025-26 sugar output is revised down 4.4% to 28.3 million tonne due to adverse weather.
Petrochemical News - Uncertainty drives caution in European Nylon market as buyers navigate volatility

Petrochemical News - Uncertainty drives caution in European Nylon market as buyers navigate volatility

The European Nylon market is experiencing caution among buyers due to prevailing uncertainty and volatility, as reported on March 16, 2026.
Escalating Middle East tensions drive surge in costs across industries dependent on petrochemicals and their derivatives

Escalating Middle East tensions drive surge in costs across industries dependent on petrochemicals and their derivatives

Escalating Middle East tensions are driving a surge in costs across industries reliant on petrochemicals and their derivatives, impacting various sectors as of March 16, 2026.

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