Chemicals News Today

India’s chemical market presents a mixed outlook on October 12, 2026, as strong Chinese price momentum supports Phenol, Acetone, Methanol and selected aromatic chemicals, while fresh port arrivals improve domestic availability. Brent crude eased 1.36% to around $103.04–103.29/bbl, but Middle East shipping risks continue to support feedstock costs and import-replacement uncertainty.

Authorities sealed an unauthorized chemical factory and issued closure notices to 11 others after lab tests confirmed carcinogenic chromium in groundwater, posing severe health and environmental hazards.

IndianOil MCPI Yarn appointed Abhijit Chakraborty as Chairman and Director to lead a 5,000-crore polyester manufacturing facility project in Odisha with a 900-tonne-per-day capacity.

European petrochemical prices surged up to 30% amid Brent crude exceeding $120 per barrel, high energy costs, falling refinery runs, and plant closures, severely squeezing downstream producers.

At the 16th Joint Working Group meeting, a 10-member Bangladeshi delegation urged India to remove anti-dumping duties on jute and PET film, address trade barriers, and improve border infrastructure.

Indian industry can transform legacy coal tar, a fossil fuel byproduct, into high-value carbon materials like graphite and graphene for clean energy technologies, driving resource efficiency and sustainability.

IDFC First Bank released its daily petrochemical market summary for October 12, 2026, providing updates on various polymer and aromatic products across different regions.

The global propylene-petrochemicals market is projected to grow from $138.36 billion in 2025 to $180.02 billion by 2030, driven by rising demand across automotive, packaging, and industrial applications.

Bank of America projects European gas prices to surge 30% this winter due to low storage. This global supply competition threatens to increase import costs for Indian industries and fertilizer makers.

The global refrigerants market is projected to grow from $29.3 billion in 2025 to $46.65 billion by 2030, driven by cold chain expansion, electric vehicle thermal management, and strict environmental regulations.