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Chemicals News Today

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Crude drops 5% as tensions ease; chemical markets signal softening

Crude drops 5% as tensions ease; chemical markets signal softening

[SMM Nickel Sulphate Daily Review] March 25, Sluggish Market Transactions Keep Nickel Salt Prices Stable

[SMM Nickel Sulphate Daily Review] March 25, Sluggish Market Transactions Keep Nickel Salt Prices Stable

China n-Hexane Up 3.5% on War-Driven Naphtha and Crude Rally

China n-Hexane Up 3.5% on War-Driven Naphtha and Crude Rally

Producers Rush for Price Increase for MDI up to $550, as the conflict threatens Margins

Producers Rush for Price Increase for MDI up to $550, as the conflict threatens Margins

Sulphur market faces ‘demand destruction’ as war disrupts supply

Sulphur market faces ‘demand destruction’ as war disrupts supply

Latest Market News Of Chemicals

Daily Report News

Yorkshire chemicals giant opens Indian factory to serve growing Asian markets

Yorkshire chemicals giant opens Indian factory to serve growing Asian markets

thebusinessdesk.com

UK chemicals giant Croda International opened a new manufacturing facility in Dahej, India. This significant investment aims to enhance supply, meet customer demand, and support long-term growth in Asian markets across key sectors.

47

With dosa off the menu, Pune’s iconic Udupi eateries turning to coal, electric coils to stay alive amid LPG crisis

With dosa off the menu, Pune’s iconic Udupi eateries turning to coal, electric coils to stay alive amid LPG crisis

indianexpress.com

Pune's Udupi eateries face an LPG crisis, forcing them to remove dosa and shift to costly coal/electric alternatives. Restaurants like Idlicious spent Rs 35,000 to adapt, while others report 20% gas pressure drops, impacting menus and livelihoods. Owners seek urgent government aid.

92

Iran war chokes petrochemical supply, sends plastic prices soaring

Iran war chokes petrochemical supply, sends plastic prices soaring

tradingview.com

The Iran war is severely choking petrochemical supply, causing plastic prices to soar. However, Polish fashion retailer LPP reports no major disruption to its deliveries despite the conflict.

BASF raises Europe amines prices up to 30%

BASF raises Europe amines prices up to 30%

BASF is raising prices on its Europe commodity amines portfolio by up to 30% immediately, with some products seeing higher increases. This is due to substantial increases in raw material, energy, and logistics costs from the Middle East conflict.

Sanctioned tanker at heart of landmark India-Iran gas deal

Sanctioned tanker at heart of landmark India-Iran gas deal

tradewindsnews.com

India secured its first Iranian LPG cargo since 2019, following a US sanctions waiver. The 78,000-cbm VLGC Aurora, built in 1995, originally bound for China, now delivers gas to India.

India's Economic Growth Faces New Challenges in 2027 Amid Energy Supply Disruptions

India's Economic Growth Faces New Challenges in 2027 Amid Energy Supply Disruptions

devdiscourse.com

India's FY27 growth forecast cut to 6.9% from 7.2% due to energy supply disruptions and geopolitical tensions. Manufacturing PMI dropped to 53.8. Logistics issues impact 15% of exports, affecting sectors like fertilizers and metals.

1110

Ruling Party Launches Dialogue Body to Curb Price Hikes Amid Petrochemical Crisis

Ruling Party Launches Dialogue Body to Curb Price Hikes Amid Petrochemical Crisis

Korea's ruling party launched a dialogue body to curb petrochemical price hikes, addressing a crisis where plastic raw material costs surged from 200,000 to 800,000 won per ton. It aims for mutual cooperation amid industry cost pressures.

India earns diplomatic spurs by navigating choppy waters of Hormuz

India earns diplomatic spurs by navigating choppy waters of Hormuz

The Economic Times

India secured safe passage for its vessels through the Strait of Hormuz from Iran, demonstrating its multipolar foreign policy. This diplomatic success, following PM Modi's intervention, also resumed Iranian LPG imports, first since 2019.

19

India's packaging industry to reach $92 billion by FY30: Avendus

India's packaging industry to reach $92 billion by FY30: Avendus

infra.economictimes.indiatimes.com

India's packaging industry is projected to hit $92 billion by FY30, growing at 9% CAGR. Driven by food, pharma, and e-commerce, rigid plastic leads growth, while investor interest remains high.

Hormuz route opened for India, says Iran FM Araghchi

Hormuz route opened for India, says Iran FM Araghchi

The Economic Times

Iran's FM Araghchi announced the Strait of Hormuz is open for friendly nations like India, China, and Russia, easing passage for oil, gas, and fertilizer. This follows UN calls to end the prolonged closure impacting global trade.

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