Chemicals News Today

China's methanol market faces downside risks due to rising November non-Iranian imports, weaker olefin demand, and potential coastal plant shutdowns, signaling upcoming inventory builds and falling spot prices.

India’s Adperma has inaugurated a $630 million integrated phenol and acetone plant, leveraging local feedstocks at Haldia to boost domestic chemical production and industrial growth.

China's aniline prices hit a year-to-date high of Yuan 15,000/t by October 15, driven by tight spot supply and maintenance. However, upcoming restarts and new capacity threaten a price decline.

European HDPE spot prices rose by EUR 20-50/mt due to higher replacement and ethylene costs, while contract prices remained largely stable, with minor declines in the UK.

India's agrochemical exports avoided trade restrictions as a UN panel declined to list profenofos, phenthoate, and quinalphos under Annex III during the CRC-22 meeting in Rome, preserving supply chains.

India is the world's fastest-growing polymer compound market, holding 13% of a USD 75 billion global industry. The domestic sector is projected to reach USD 16.5 billion by FY2031, driven by manufacturing and infrastructure demand.

In Europe, polyvinyl chloride (PVC) spot prices have declined due to weak demand, whereas contract prices remain mostly stable, reflecting differing market dynamics between immediate transactions and long-term agreements.

A $3.5 billion MoU was signed for a new petrochemical plant in Bonny, Rivers State. Backed by Chinese and Spanish partners, the project aims to produce methanol and boost local industrial growth.

Symrise is expanding its sustainable musk fragrance ingredient production in India to strengthen its global supply network, enhance market flexibility, and support long-term growth across Asia.

Symrise is expanding its Globalide production capacity in India to strengthen supply reliability, support sustainable fragrance demand, and enhance its presence in high-growth Asian markets.