Chemicals News Today

Importers of DEG have raised prices by ₹2.5/kg, bringing the new rate to ₹58.50++ Ex-Hazira on 60-day payment terms.Meanwhile, domestic manufacturers have maintained stable pricing

Ahead of Christmas, Europe's polypropylene market slowed due to declining demand, leading to competitive offers in raffia and BOPP grades, while homopolymer and copolymer supplies remained tighter. Limited activity resulted in steady contractual prices, as sellers cleared inventories amid low liquidity.

A propylene unit with an annual capacity of 489,000 metric tons has been impacted by a strike since early December, but the impact on the European market has been minimal due to weak demand.

PetroChina Jilin Petrochemical's Acrylonitrile plant in Jieyang, Guangdong, China has resumed operations with a production capacity of 130,000 tons per year following maintenance work.

PetroChina Guangxi PC & RF has shut down its Polypropylene (PP) unit for maintenance. The unit has a production capacity of 200,000 tons per year.

Assam's 40% stake in BVFCL revives India's oldest fertilizer plant, aiming to reduce urea import bill by boosting indigenous production.

EU launches anti-dumping probe into ABS imports from S. Korea, Taiwan following complaint by European producers.

Propylene prices edged lower in China on Thursday. CFR China propylene prices were assessed at the USD 840-850/mt levels, down USD (-5/mt) from Wednesday. An industry source in Asia informed that prices dropped due to weak regional buying momentum. FOB Korea propylene prices were assessed at the USD 810-820/mt levels, unchanged from Wednesday's assessed levels.

Assam Govt. has sanctioned Rs 2/litre PLI to Gulshan Polyols' bio-ethanol plant in Assam for 3 years, amounting to Rs 50 crore.

Dow Chemical announced a polyethylene (PE) resins price increase of $110/MT in the Andean region and Mexico.