Market Flash

China has announced a five-year extension of anti-dumping duties on certain stainless steel products imported from the European Union, United Kingdom, South Korea, and Indonesia, aiming to safeguard its domestic manufacturers.

Chinese pharmaceutical company Innogen is accelerating efforts to complete clinical trials for its weight-loss drug efsubaglutide alfa, aiming to tap into the growing demand for obesity treatments in China.

On June 21, 2025, the European Food Safety Authority (EFSA) published its scientific opinion on the safety of xanthan gum as a feed additive for all animal species, excluding cats and aquatic species.

Moldova’s Ministry of Agriculture and Food Industry announced proposed amendments to the list of permitted health claims for food products. The public consultation period ends on July 9, 2025.

Argentina’s Secretariat of Health Management and Secretariat of Agriculture, Livestock, and Fisheries issued Resolutions 33/2025, 34/2025, and 35/2025, introducing significant updates to the Argentine Food Code (CAA).

On June 26, 2025, India's Ministry of Commerce and Industry announced the initiation of an anti-dumping investigation into Para-Tertiary Butyl Phenol (PTBP) originating from China and Taiwan.

Li Chao announced that 200 billion yuan from ultra-long-term special treasury bonds will finance equipment upgrades across 16 sectors, spanning 7,500 projects.

On June 27, 2025, the National Bureau of Statistics reported that profits of industrial enterprises above designated size totaled 27.2 trillion yuan from January to May, marking a 1.1% year-on-year decline.

On July 1, 2025, Honeywell announced the acquisition of the Li-ion Tamer business from Nexceris, a U.S.-based energy company founded in 1994.

Bridgestone’s factory in Biscay, Spain, has begun implementing its layoff plan, with 232 employees — 25% of the workforce — opting for voluntary redundancy since June 30, 2025.

Skoda Auto has laid the foundation of a new advanced paint shop at its main plant in Mladá Boleslav, which is scheduled to be put into operation in 2029 with a daily production capacity of 1,600 vehicles.

• Skoda

Sekisui Chemical Co., Ltd. has decided to establish the sixth plant for Sekisui DLJM Molding in Pune, Maharashtra, western India

• Sekisui Chemical

The latest trade data shows that South Korea has replaced the United States as the world's second largest cosmetics exporter, second only to France.

• South Korea

Aksharchem India Ltd announced the successful expansion of its precipitated silica plant in Dahej, Gujarat, adding 6,000 tonnes/year of capacity.

• Aksharchem
• precipitated silica

Biological E, an Indian pharmaceutical manufacturer, has partnered with China’s Recbio to produce and commercialize the REC603 HPV9 vaccine, marking a significant step in combating HPV-related cancers.

The Australian Department of Agriculture, Fisheries, and Forestry recently released its updated report on imported food non-compliance for May 2025, identifying four batches of Chinese products that failed safety standards.

On June 25, 2025, the Korean Ministry of Food and Drug Safety (MFDS) issued Announcement 2025-286, proposing revisions to the Food and Livestock Product Safety Management Certification Standards.

On June 25, the State-owned Assets Supervision and Administration Commission (SASAC) announced significant leadership adjustments at China National Chemical Engineering Group Corporation Ltd. (CNCEC).

Libya's National Oil Corporation (NOC) and Turkish Petroleum Corporation (TPAO) have signed a Memorandum of Understanding (MoU) in Istanbul, marking a pivotal step in offshore exploration collaboration.

Siemens has announced plans to gradually shut down its manufacturing facility in Peterborough, Ontario, over the next two years. The closure impacts the Measurement Intelligence production line, which will be relocated to the Concord facility.