Chemicals News Today

Thiruvananthapuram: Amid fears of chemical contamination, seawater is reportedly being collected for testing in Kannur district in Kerala following a massive fire aboard a Singapore-flagged container ship. The Kerala Pollution Control Board collected seawater...

KOZHIKODE: Reports say the container ship Wan Hai 503, which caught fire en route to Mumbai from Colombo, is carrying explosive chemicals.

Despite global uncertainties and ongoing challenges, the long-term outlook for Indian chemical companies remains optimistic, driven by opportunities in specialty chemicals, import substitution, and growing exports under the China+1 strategy adopted by global customers, according to a recent report by BP Equities.

China's polypropylene (PP) net exports are projected to grow in 2025, following the first net export pattern in March 2024. This is due to increased PP production capacity and changes in global demand.

HMEL has announced an Early Bird Discount (EBD) of ₹1500 per metric ton on the sale of Polypropylene (PP) and Polyethylene (PE). This limited-time offer is applicable on all purchases made between June 1 and June 16, 2025.

The petrochemicals market is expected to grow significantly by 2032. The report analyzes global size, share, and provides a comprehensive forecast.

Despite global uncertainties and ongoing challenges, the long-term outlook for Indian chemical companies remains optimistic, driven by opportunities in specialty chemicals, import substitution, and growing exports under the China+1 strategy adopted by global customers, according to a recent report by BP Equities.

The latest feedstock offers for ethylene reflect a mixed global sentiment. In the United States, FD Gulf Coast (GC) ethylene prices have declined to 19.45 cents per pound. Meanwhile, in the European market, prices remain largely unchanged with FD Northwest Europe (NWE) stable at €695 per metric ton, while CIF NWE saw a slight drop of €5, settling at €740 per metric ton. In the Asian markets, both CFR Northeast Asia (NEA) and CFR Southeast Asia (SEA) maintained stability, with prices standing at $785/MT and $855/MT respectively.

Hyundai Chemical is set to lower operating rates at its Ethylene Vinyl Acetate (EVA) plant in June 2025. Located in Daesan, South Korea, the facility has an annual production capacity of 150,000 tons.

Indian chemical companies remain optimistic despite global uncertainties, driven by specialty chemicals, import substitution, and the China+1 strategy. Q4FY25 showed signs of recovery with improved margins and cost rationalisation.