Market Flash

Ube Corporation has unveiled new details and timelines for its structural reform, focusing on expanding its specialty chemicals portfolio while reducing or ceasing production in its basic chemicals segment.

South Korea’s export sector saw a 4.3% year-on-year rebound in June, offering a momentary boost to its trade-dependent economy ahead of impending US tariff hikes.

June 26, 2025: UBE Corporation announced that two of its products have received the U-BE-INFINITY® eco-product certification, which recognizes contributions to environmental sustainability.

During the SNEC 2025 International Photovoltaic Exhibition, LG Chem and Jinwei Intelligent Equipment signed a strategic cooperation agreement to expand their presence in the global photovoltaic (PV) encapsulant market.

June 26, 2025: India’s Ministry of Finance announced the imposition of anti-dumping duties for five years on plastic processing machines originating from or imported from China and Taiwan.

Italy's Competition and Market Authority (AGCM) has imposed a €30.4 million fine on bioplastics manufacturer Novamont, citing abuse of market dominance in raw materials for lightweight and ultra-lightweight fruit and vegetable bags.

San Francisco: High costs of obesity medicines are driving Americans to a growing "gray market," where individuals make their own weight-loss drugs using cheap, unregulated active ingredients shipped from China.

Torrent Pharma is closing in on a $2.4 billion acquisition of JB Chemicals and Pharmaceuticals, marking its biggest deal yet.

New Delhi: Indian Contract Research and Development and Manufacturing Organizations (CRDMOs) are gaining momentum as global pharmaceutical companies expand operations geographically, according to a report by Jefferies.

Nagpur: In a groundbreaking development, new medicines are helping 1 in 4 heart failure patients regain normal heart function, according to experts at the Annual ECHO Nagpur 2025 Conference.

On June 27, 2025, the European Commission issued Regulation (EU) 2025/1248, announcing the postponement of the approval period for epsilon-metofluthrin in product type 18 biocidal products.

The EU's Rapid Alert System for Food and Feed (RASFF) reported five cases of non-compliance involving Chinese products during the 26th week of 2025, according to its official website.

Australia’s Department of Agriculture, Fisheries, and Forestry recently released its May 2025 report on imported food violations, highlighting four batches of Chinese products that failed to meet safety standards.

Despite rising coffee powder prices in Brazilian supermarkets, farm-level coffee bean prices have been dropping since harvest season began in March, signaling potential relief for consumers in the coming months.

According to data released by the Vietnam Association of Seafood Exporters and Producers (VASEP) on June 27, Vietnam’s tuna exports reached $91 million in May 2025, the highest monthly figure this year and an 8% year-on-year increase.

From January to May 2025, China imported 34,800 tons of titanium dioxide, reflecting a 13.21% year-on-year decline, while exports totaled 784,600 tons, down 1.45% compared to the same period last year, according to customs data.

On the afternoon of June 23, Huayi Group and Baker Hughes Inspection & Control Technologies formalized their collaboration by signing a memorandum of understanding (MoU) in Shanghai.

Hydrogennext has announced the signing of a memorandum of understanding (MoU) with Indonesia’s PT Samator to establish a strategic hydrogen energy partnership in Indonesia and neighboring markets.

On June 24, Continental Group confirmed its plan to spin off its materials and industrial business subsidiary, ContiTech, by 2026 as part of its strategy to transform into a “pure tire manufacturer.”

The company plans to redirect 454.76 million yuan of unutilized funds from its two lithium iron phosphate (LFP) cathode material projects to its "Chuanjinnuo (Egypt) Suez Phosphorus Chemical Project."