Chemicals News Today

India secured a one-year deal for 2.2 MTPA of US LPG, covering nearly 10% of 2026's imports. Experts deem it economically viable due to US NGL production, despite higher freight, aiding import diversification from West Asia.

Govt rescinded quality control order for viscose staple fibre, boosting textile industry growth, raw material access, and competitiveness. This follows revoking 14 QCOs on chemicals, 7 impacting textiles, improving ease of business.

India lifted quality control on viscose staple fibre to boost textile growth, raw material access, and global competitiveness. This aligns with rescinding controls on 14 chemicals, supporting Vision 2030 export goals.

Manali Petrochemicals (MPL) sold its subsidiary Notedome Limited to C.O.I.M. S.p.A. for ₹247 crore (£21.17 million) on November 17, 2025. This strategic move focuses MPL on core Indian businesses and high-growth segments.

IOCL announced a Special PE Incentive Scheme for November 2025, applicable to HDPE and LLDPE grades. Slabs are ≥75%, ≥100%, and ≥125% for both, with specific incentives (X1-X3, Y1-Y3) to be finalized in December 2025.

PE and PP markets continue to face downward pressure, with international offers assessed lower due to sluggish demand in China, Southeast Asia, and India. Following the removal of mandatory BIS requirements, US and Iranian suppliers are expected to channel more HDPE and LLDPE cargoes into the Indian market, adding further supply pressure. Domestic producers have not extended their Early Bird schemes for November, but given the market’s inability to absorb higher prices, some form of compensation or support mechanism is likely to emerge to sustain buying interest.

Mangalore Refinery and Petrochemicals Ltd (MRPL) has introduced a slab-wise Special Incentive Scheme for Polypropylene (PP) lifted between 1st and 30th November 2025. The incentives will apply on a post-sales basis across all PP grades, including Prime, Non-Prime, OG, and Experimental materials. Under the scheme, customers lifting 80% to below 100% of their Monthly Quantity (MQ) will qualify for MG1, while those lifting 100% or more of MQ will receive MG2 incentives. The exact incentive values for MG1 and MG2 will be announced by the end of November or in early December 2025.

Valiant Laboratories launched a new facility for acetic anhydride production at Bharuch on November 17, 2025. This move enhances the company's operational integration.

Kumho Petrochemical anticipates weak market conditions amidst capacity expansions. The company's phenol derivatives unit reported Q3 losses, impacted by turnaround activities, signaling profitability challenges ahead.

Grasim Industries' chemical division saw a revenue surge, driven by higher chlorine derivatives volume. Its Chlor-alkali business contributed 49% of total chemical revenue in fiscal Q2, ending Sept. 30.