Market Flash

Tanzania Petroleum Development Corporation (TPDC) has awarded an engineering, procurement, and construction (EPC) contract to China Petroleum Pipeline Engineering Co. Ltd. and China Petroleum Technology & Development Corporation.

Polish chemicals and materials group Qemetica has identified its newly acquired precipitated silica business as a key growth driver, amid growing challenges for its existing operations caused by the European chemical industry crisis.

Ensinger, a global leader in high-performance engineering plastics, is set to expand the production capacity of its TECAPOWDER® polyimide product line.

Sankeshu (603737.SH), China’s largest domestic coatings company, announced a projected net profit of 3.80–4.60 billion RMB for the first half of 2025, marking a year-on-year increase of 80.94% to 119.04%.

Australian oil and gas company Santos has signed a liquefied natural gas (LNG) supply agreement with QatarEnergy Trading, the LNG trading division of QatarEnergy.

Saudi Arabia and Indonesia have entered a transformative partnership, signing agreements worth $27 billion on July 2.

The Egyptian government has officially signed the final construction contract for a $658 million phosphate production complex in the Western Desert.

The European Union’s Rapid Alert System for Food and Feed (RASFF) reported 7 cases involving Chinese food and related products during week 27 of 2025, according to the official EU website.

FMC Corporation has announced that its Coragen eVo insecticide has been registered for use in California and Arizona, targeting key specialty crops such as tomatoes, leafy greens, cabbage, and fruit vegetables.

At Hortitec 2025, Latin America’s largest horticulture event, Sipcam Nichino Brasil pre-launched its new fungicide Soleado, featuring amisulbrom as the active ingredient.

Pharmaceutical companies are projected to achieve a robust 11% growth in sales and EBITDA for the first quarter of FY26, driven by sustained demand across most markets, according to a report by Kotak Institutional Equities.

Alchem International and its Hong Kong subsidiary have been fined $576,000 (489,000 euros) by EU antitrust regulators for their involvement in a 12-year pharmaceutical cartel, according to a statement issued on July 4, 2025.

Honeywell (USA), Johnson Matthey (UK), Gidara Energy (Germany), and Samsung Engineering (Japan) have announced a strategic technology alliance aimed at developing an innovative solution to produce sustainable aviation fuel (SAF) from biomass and municipal

Specialist retailer Sally Beauty has announced the acquisition of Flair Hair & Beauty Supplies as part of its ongoing expansion strategy to strengthen its retail and professional presence in the Republic of Ireland.

• Sally Beauty
• Flair Hair & Beauty Supplies

Sulzer announces the launch of its licensed EcoStyrene technology, a breakthrough solution for the chemical recycling of contaminated polystyrene materials.

• Sulzer

NEXTCHEM, a subsidiary of MAIRE, recently won a contract worth approximately 210 million euros to provide basic engineering and key equipment for the Pacifico Mexinol ultra-low carbon methanol project in Sinaloa, Mexico.

• NEXTCHEM
• Methanol

Recently, the United States announced the lifting of restrictions on ethane exports to China.

• ethane
• US
• China

The United States announced a significant shift in its trade policy with Vietnam, reducing planned tariffs on Vietnamese exports to 20%, down from the initially proposed 46%, just days before a critical July 9 deadline.

The United States has lifted restrictions on ethane exports to China, reinstating a critical trade flow that had been halted since June.

China has expressed a willingness to engage with the U.S. on key trade policy challenges, including tariffs, subsidies, and industrial policies, as part of discussions to reform the World Trade Organization (WTO).