Market Flash

During the Capital Markets Day held on September 27, 2023, Arkema presented its development strategy for a new phase.

• Arkema

In the first eight months of the year, China's chemical manufacturing industry saw profits plummet by 51.1%. However, August showed a positive rebound with a 17.2% year-on-year growth in overall industrial profits.

• chemical raw material
• chemical material
• corporate growth
• industrial enterprises

India, known as the "pharmacy of the world," had embarked on an ambitious plan in 2022 to reduce its dependence on China for key raw materials in the pharmaceutical sector.

• India

On September 25th, Weichai and Bojian jointly announced that Leqembi injection (200mg, 500mg, lecanemab) has been approved in Japan for the treatment of mild cognitive impairment (MCI) and mild dementia caused by Alzheimer's disease (AD).

• Leqembi

Tongde Chemical is currently undertaking a project to construct an integrated production line with an annual capacity of 60,000 metric tons of bio-based fully degradable plastics (PBAT) and 240,000 metric tons of 1,4-butanediol (BDO).

• BDO
• PBAT

On September 24th, LG Chem, a South Korean chemical company, announced a partnership with Huayou Cobalt to establish a joint venture for the construction of an electric vehicle battery material factory in Morocco.

• LG chem

The latest data released by the National Bureau of Statistics highlights the robust performance of China's industrial sector in August 2023.

• Growth

A recent study published in the Journal of Exposure Science and Environmental Epidemiology has revealed a concerning association between long-lasting chemicals, such as PFAS and phenols (including BPA), and certain hormone-related cancers in women.

• Hormone-Related Cancers

In recent days, several well-known overseas chemical companies have announced price increases for their products, and they have even finalized their price adjustments for the upcoming peak season.

• Price

The automotive interior coating industry in China operates in a competitive landscape driven by stringent qualifications and varying standards.

• automatic

Last Friday, September 8th, as negotiations over working conditions and wages broke down, workers at Chevron's Gorgon and Wheatstone liquefied natural gas (LNG) projects in Australia initiated a strike that lasted for several hours.

• Price

Heading into the traditionally prosperous months of September and October, the chemical industry market is finally showing signs of improvement after a prolonged period of sluggishness.

• chemical market

The President of Mexico signed the "Administrative Order Amending the General Import and Export Tariff Law," announcing an increase in the most-favored-nation tariffs on several imported products, including steel, aluminum, and chemical products

• Mexico

The epoxy resin market experienced various dynamics during the previous week, with fluctuations observed in both bisphenol A (BPA) and epichlorohydrin (ECH) prices.

• Epoxy Resin

Beckers, an international leading coatings company, has recently announced its collaboration with suppliers to integrate recycled plastic materials into its coatings.

• Beckers

On the morning of August 21st, a groundbreaking ceremony was held in Hubin New District, Suqian City for the commencement of 10 projects, including a 300,000-ton per year functional polyester film materials project by Shuangxing New Materials.

• Raw Materials

The German Chemical Industry Association (VCI) has reported disappointing performance in the first half of this year, with a decline of 11.5% in sales and a 10.5% decline in production.

• VCI

On August 22nd, the Environmental Impact Assessment (EIA) of the 5,000-ton annual production project for nuclear coatings by Zhongke Meisi (Yantai) was announced.

• EIA

ALTANA recently released its semi-annual financial report, stating that its operating income for the first half of 2023 was approximately 1.064 billion yuan, a year-on-year decrease of 21.48%.

• ALTANA

ALTANA, a leading international specialty chemicals group, has recently acquired the business of Imaginant Inc., a US-based company specializing in the development and manufacturing of ultrasound-based testing and measurement instruments.

• ALTANA