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Chemicals News Today

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Asia top stories – weekly summary

Asia top stories – weekly summary

Latest Market News Of Chemicals

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Reverse lagging drives Korea petrochemicals toward second-half losses - CHOSUNBIZ

Reverse lagging drives Korea petrochemicals toward second-half losses - CHOSUNBIZ

Korean petrochemicals face second-half losses from "reverse lagging" due to high-priced imports and China-led oversupply. Ethylene-naphtha spread is $199 (break-even $200). Q1 profits reversed; Lotte Chemical projects Q3 loss of 47.4B won.

97

Japan moves to secure petrochemical supply after fiscal 2026

Japan moves to secure petrochemical supply after fiscal 2026

nationthailand.com

Japan will secure petrochemical supply post-fiscal 2026 by boosting toluene supply 1.8 times and creating direct distribution channels for paints, thinners, and plastics. Naphtha supply is at 85% of pre-crisis levels, ensuring stability.

1113

| Naphtha drops 24% as feedstock weakness reaches yarns

| Naphtha drops 24% as feedstock weakness reaches yarns

fibre2fashion.com

Naphtha prices plummeted 24% as feedstock weakness impacted the petrochemical value chain, leading to downward repricing of aromatics and olefins. While polyester yarn prices remained sticky, Nylon 6 DTY continued to weaken.

NCLT Approves Merger Of Buildtech Products India With Thermax, Terms Scheme Fair And Reasonable

NCLT Approves Merger Of Buildtech Products India With Thermax, Terms Scheme Fair And Reasonable

NCLT approved the merger of Buildtech Products India with Thermax, effective April 1, 2025. This consolidates the construction chemicals business, aiming for operational synergies and simplified group structure.

IIT Madras, IISc scientists solve 70-year chemistry puzzle with carbon-free molecule

IIT Madras, IISc scientists solve 70-year chemistry puzzle with carbon-free molecule

IIT Madras and IISc scientists solved a 70-year chemistry puzzle, synthesizing a stable carbon-free molecule resembling ferrocene. This breakthrough broadens molecular design, potentially impacting electronics, energy, and materials science.

104

Epsilon Carbon recertified under Responsible Care

Epsilon Carbon recertified under Responsible Care

indianchemicalnews.com

Epsilon Carbon secured Responsible Care recertification by ICC until March 2029 for its Vijayanagar complex, producing 215,000 TPA carbon black and 220,000 TPA specialty carbon. This assures operational integrity, market access, and customer trust, supporting growth.

128

HOCL shuts Kochi hydrogen peroxide plant amid weak demand, rising input costs

HOCL shuts Kochi hydrogen peroxide plant amid weak demand, rising input costs

manufacturing.economictimes.indiatimes.com

HOCL temporarily shut its Kochi hydrogen peroxide plant on June 3, 2026, citing weak demand and rising input costs. This aligns with broader economic concerns, including geopolitical tensions impacting MSMEs and RBI's 6.9% GDP growth projection for 2026-27.

SHAKTI Group Commissions Gas Production Facility in Gujarat

SHAKTI Group Commissions Gas Production Facility in Gujarat

chemindigest.com

SHAKTI Group commissioned a 178 TPD cryogenic Air Separation Unit in Karjan, Gujarat. This expands industrial gas production (LOX, LIN, LAR) to meet rising demand across industrial and medical sectors, strengthening its Western India presence.

106

DGFT Notifies Six New SIONs in Chemicals and Allied Products, Easing Advance Authorisation Process

DGFT Notifies Six New SIONs in Chemicals and Allied Products, Easing Advance Authorisation Process

The DGFT introduced six new SIONs (A-3702 to A-3707) for chemicals and pharma products like Artemether and Doxycycline Hyclate. This streamlines Advance Authorisation, allowing RAs to issue approvals directly, expediting processes for exporters.

98

Officials raid mango shops to check use of chemicals in Muddebihal

Officials raid mango shops to check use of chemicals in Muddebihal

deccanherald.com

Officials raided 6 mango shops/godowns in Muddebihal and Talikote, collecting samples to check for artificial ripening chemicals. They found XIANFENG-Ethylene Ripener packets with FSSAI logo, raising concerns about banned substances and public health.

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