Market Flash

On July 18, the Indian Ministry of Finance issued Customs Notification No. 25/2025, announcing the extension of anti-dumping duties on aniline originating in or exported from China for a period of five years, effective immediately.

• India
• China
• Aniline

Abu Dhabi National Oil Company (ADNOC) has announced its intention to transfer its 24.9% stake in OMV AG (OMV) to XRG, its wholly owned international investment company.

• ADNOC
• OMV
• XRG
• Borouge

The world's first thousand-ton ionic liquid-based regenerated cellulose fiber project has officially started production in Henan Province, China.

• ionic liquid-based regenerated cellulose fiber
• Chinese Academy of Science

The chemical start-up CYNiO has successfully raised over €2 million in investment funding to scale up its sustainable isocyanate production technology and expand its product portfolio in a targeted manner.

• CYNiO

French company Compagnie Léa Nature continues its external growth strategy with the acquisition of a controlling stake in Berdoues Parfums et Cosmétiques, a family group based in Toulouse.

• Compagnie Léa Nature
• Berdoues Parfums et Cosmétiques

As of July 10, 146 A-share listed companies have released 2025 first-half performance forecasts, with nearly 80% posting positive outlooks—including 21 chemical firms expecting robust growth.

Qatar Vinyl Company is set to start up the country’s first PVC plant in Mesaieed this September, with a design capacity of 350,000 tons per year.

Swiss-based MET Group, a subsidiary of Hungary's MOL, has acquired full ownership of German gas storage operator KGE, expanding its footprint to three storage sites in Germany.

On July 14, Sailun Tire announced the 265-million-yuan acquisition of Bridgestone (Shenyang) Tire Co., Ltd., marking a major expansion in its production footprint.

On July 8, 2025, Brazil’s ANVISA released Public Consultation No. 1338, seeking feedback on sweeping revisions to food additive and processing aid regulations.

President Donald Trump has issued a fresh warning to pharmaceutical manufacturers: bring production back to the US or face tariffs as high as 200% by August 1.

Europe’s chemical sector stands at a critical juncture as plant shutdowns, shrinking market share, and dwindling investments threaten its future.

Baker Hughes has signed a strategic partnership with Denmark’s gas transmission operator Evida to co-develop scalable CO₂ transport solutions, advancing Denmark’s carbon reduction ambitions.

Germany’s state-owned SEFE has signed a three-year LNG supply contract worth approximately $400 million with ADNOC Gas, a subsidiary of Abu Dhabi National Oil Company.

KANGDA New Materials has projected a staggering net profit attributable to shareholders of ¥50–55 million for H1 2025, soaring by up to 197.33% year-on-year.

Samsung Heavy Industries has officially launched its Mozambique floating LNG (FLNG) project after securing a $637 million contract with a European shipping company operating in Africa.

Zeon Corp has started construction on a pilot facility at its Tokuyama plant in Yamaguchi Prefecture to produce butadiene from ethanol sourced from biomass and other feedstocks.

Zhejiang Sanmei Chemical has announced a stunning profit forecast for the first half of 2025, expecting net income attributable to shareholders to reach between 947.6 million and 1.04 billion yuan.

US EVA (ethylene-vinyl acetate) exports plunged 14% year-on-year in Q1 2025, down to 46,000 tons, with import volumes also falling 17%.

Shell and Equinor have unveiled their new joint venture, Adura, which is set to become the largest oil and gas producer in the UK North Sea.