Chemicals News Today

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) has increased Ethyl Acetate prices by ₹3,000 per metric ton. New rates for immediate tanker supply stand at ₹88,000/MT (₹89,050/MT for 30 days), while drum supply is updated to ₹97,000/MT (₹98,150/MT for 30 days). Final pricing remains applicable at the time of Delivery Instructions (DI).

Effective 16 July 2026, the zero Basic Customs Duty (BCD) exemption on 40 notified polymers and petrochemicals—including PP, PE, PVC, and Methanol—has expired. The reinstatement of the 7.5% BCD will increase landed import costs for commodity polymers, potentially shifting a relative cost advantage toward imports from India's FTA partner nations.

India is boosting coal gasification with a ₹37,500 crore incentive to gasify 100 MT coal by 2030, aiming for ₹60,000-₹90,000 crore annual import savings. This strategic shift enhances energy and chemical security.

India's customs duty exemption on 40 critical petrochemical products expired on July 15, reinstating a 7.5% duty. The waiver, initially from April 2 to June 30, was not extended, impacting supply amid renewed Middle East tensions.

EU chemical manufacturers urge Brussels to act against surging Chinese imports, leading to accelerating plant closures. Vynova sold its largest German site last month due to market saturation.

Reliance Industries Limited (RIL) has decreased its Polypropylene (PP) Deemed Export prices by ₹6/kg. This price adjustment is effective from 16 July 2026, impacting the polymer market.

Evonik and evitria launched the eviCHO Expression Kit, a CHO-based protein expression kit, to accelerate biologics R&D. It offers faster, reliable, and scalable protein production, simplifying lab workflows. evitria has performed over 125,000 transfections.

UFlex secured a 20-year Indian patent for an innovative reclosable flexible package with enhanced barrier protection, effective from December 10, 2024. This solution targets sensitive products like food and pharmaceuticals.

SNF Flopam India commissioned an 800 KLD Zero Liquid Discharge (ZLD) plant on July 8, 2026. This facility enhances sustainability, reduces freshwater consumption, and eliminates effluent discharge, demonstrating a strong commitment to environmental responsibility.

India's June trade deficit jumped 430% due to crude, gold, fertilizer, and electronics imports. However, merchandise exports grew strongly by 15.5% in June and 16% in Q1 2026-27, showing resilience despite global challenges.