Market Flash

Canadian seafood—including key species like salmon, crab, and lobster—will remain duty-free despite US President Donald Trump’s recent announcement of a 35% tariff on Canadian goods.

US President Donald Trump has announced a dramatic increase in tariffs on Brazilian imports, jumping from 10% to 50% starting August 1.

The European Food Safety Authority (EFSA) has issued a scientific opinion confirming that acacia gum (gum Arabic) can be safely used as a feed additive for all animal species at levels between 278 and 4889 mg/kg of complete feed.

Sun Pharmaceutical Industries Ltd. announced that its leading biologic drug, Ilumya (tildrakizumab-asmn), achieved the primary endpoint in both INSPIRE-1 and INSPIRE-2 Phase 3 clinical studies for active psoriatic arthritis (PsA).

Novartis has raised its full-year 2025 earnings outlook, projecting core operating income to rise by low-teens percentages—up from earlier expectations—despite potential US drug tariffs.

Bristol Myers Squibb’s Reblozyl, a blockbuster anemia drug, failed to achieve its primary endpoint in a late-stage clinical trial for anemia linked to myelofibrosis, a rare bone marrow cancer.

IMM Private Equity (IMM PE) is planning to sell A’pieu, a cosmetics brand owned by Korean beauty company Able C&C, separately. This sale is an alternative strategy after the failure of the overall sale of Able C&C.

• IMM Private Equity
• A’pieu
• Able C&C

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.