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Chemicals News Today

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India Coal Gasification Incentive Scheme: V-KALP Plan

India Coal Gasification Incentive Scheme: V-KALP Plan

Latest Market News Of Chemicals

Daily Report News

Basic Petrochemical Market Analysis By Application, Type,

Basic Petrochemical Market Analysis By Application, Type,

The Basic Petrochemical Market, valued at $7.85 billion in 2026, is projected to reach $17.89 billion by 2035 with a 10.84% CAGR. Growth is driven by increasing demand, innovation, and investments across diverse applications.

75

China Bazaar Futures Opening Alert

China Bazaar Futures Opening Alert

China Bazaar Futures for PP, LLDPE, and PVC opened lower. PP opened at 8812 RMB/MT, LLDPE at 8450 RMB/MT, and PVC at 5260 RMB/MT, with slight closing price increases.

57

Navin Fluorine’s revenue surges, profit more than doubles on robust overseas demand, higher prices

Navin Fluorine’s revenue surges, profit more than doubles on robust overseas demand, higher prices

Navin Fluorine's Q4 revenue surged, and profit more than doubled, driven by robust overseas demand and higher prices for hydrofluorocarbon, indicating a constructive pricing environment.

UAE's OPEC+ Exit: Is the Era of 'Great Coordination' in Oil Supply Over?

UAE's OPEC+ Exit: Is the Era of 'Great Coordination' in Oil Supply Over?

UAE, the third-largest OPEC producer, exited OPEC+ on May 1, 2026, planning to ramp up production. This caused WTI crude to tumble below $100/barrel, signaling a major shift in global oil supply dynamics.

74

Styrene monomer (SM) prices rise in China

Styrene monomer (SM) prices rise in China

polymerupdate.com

SM prices rose in China to USD 1305-1315/mt, up USD 5/mt, driven by higher benzene costs and demand. FOB Korea prices remained stable at USD 1330-1340/mt.

EU imposes anti-dumping duties on adipic acid imports from China

EU imposes anti-dumping duties on adipic acid imports from China

The EU imposed definitive anti-dumping duties (29.1%-42.3%) on Chinese adipic acid imports, totaling €130 million annually. This follows an investigation finding unfair pricing harming the EU industry, which employs over 1,100 people.

15

Saudi petrochemicals cut losses despite war-hit sales

Saudi petrochemicals cut losses despite war-hit sales

Saudi petrochemicals cut Q1 losses, with Sabic profiting SAR1.45bn and Sipchem losing SAR215mn ($57mn). Higher prices offset war-hit sales and Strait of Hormuz disruptions. Yanbu saw 52% profit rise. Normalisation expected in 3-6 months.

84

Iran war triggers Asian plastic shortage, may spur 'Middle East plus one' supply chain rethink

Iran war triggers Asian plastic shortage, may spur 'Middle East plus one' supply chain rethink

Iran war triggers Asian plastic shortage, impacting food and medical sectors as naphtha prices surge. Recycled plastic jumped from $400 to $1600/ton, spurring a "Middle East plus one" supply chain rethink.

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Praj Industries Launches Advanced Precision Fermentation Lab at Praj Matrix

Praj Industries Launches Advanced Precision Fermentation Lab at Praj Matrix

chemindigest.com

Praj Industries launched an Advanced Precision Fermentation Lab at Praj Matrix, accelerating next-gen biotechnology and low-carbon biomanufacturing. Partnering with BRIC–NCCS, it delivers cutting-edge solutions across diverse industries, strengthening India's bioeconomy.

Petrochemical News - European toluene contract price settles higher for May 2026

Petrochemical News - European toluene contract price settles higher for May 2026

polymerupdate.com

European toluene contract prices for May 2026 have settled higher, as reported on 06 May 2026. This indicates a market adjustment for the petrochemical product.

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