Chemicals News Today

China’s methanol port inventory is projected to remain at a five-year low by the end of April, with levels expected to fall by 35%. This decline comes despite a rise in Iranian shipments following the resumption of full production in Iran. The sustained drawdown in inventory is driven by strong domestic demand, limited upcoming import arrivals, and a potential increase in olefin sector demand, all contributing to continued tightness in methanol supply.

Sinopec Zhenhai has delayed the startup of its new phenol and acetone plant to June–July 2025, though the reason for the postponement remains undisclosed. The upcoming facility is designed with a production capacity of 400,000 metric tons per year for phenol, marking a significant addition to the regional supply landscape.

South Korea’s sulfur exports saw a year-on-year decline in February, with Taiwan emerging as its second-largest buyer. On the import side, India’s sulfuric acid imports also decreased in 2024, falling to 1.7 million metric tons (MMt) for the year, reflecting a slowdown in demand or shifting sourcing trends.

Jindal Poly Films Ltd. (JPFL) has announced a price reduction for its BOPP films, effective from 16th April 2025. Prices for TT-grade BOPP films have been reduced by ₹5,000/MT, while NTT-grade films are now ₹3,000/MT lower. Additionally, specific matte grades — 8-12 micron and 10 & 12 micron matte films — have seen a price cut of ₹4,000/MT.

Shivtek Spechemi Industries will invest Rs 650 crore to establish two new chemical plants in Gujarat and Rajasthan, increasing capacity to 650,000 MTPA and creating 500+ jobs.

Jaldhi Overseas is expanding its chemical tanker fleet with six new stainless steel vessels. Three 20,000-40,000 dwt ships will be built in Japan, and another three 40,000 dwt tankers will come from China by 2028.

Rymbal launched Fluid X, a 100% recyclable polyurethane, at PU Tech 2025. It boasts a low carbon footprint and density of 260-280 kg/m3. They also received a "Waste to Wealth Award" for recycling footwear waste.

Indorama Ventures is divesting from its Portugal-based PTA subsidiary, IVPPTA, which has a 700,000 tonne/year mothballed plant in Sines. High costs and competition led to this decision.

India's plastics exports reached $11.5 billion in 2023-24, up from $15.5 million in 1955-56. PLEXCONCIL promotes sustainable practices for future growth.

PV industry chain material prices decline. Silicon metal at 9,900-10,100 yuan/mt, polysilicon at 39-45 yuan/kg, and N-type wafers at 1.2-1.55 yuan/piece.