Market Flash

As the July deadline for Trump’s potential "reciprocal tariffs" looms, exports from Asian economies to the United States have surged, further widening the US trade deficit with the region.

European Parliament and Council announced an agreement to amend the EU’s Carbon Border Adjustment Mechanism (CBAM), introducing a 50-ton annual import threshold that will exempt 90% of importers, primarily small and medium-sized enterprises (SMEs).

On June 14, Transfar Group and its subsidiaries, Transfar Zhilian and Zhejiang Xinan Chemical Industrial Group (Xinan Co.), signed a strategic memorandum of understanding (MOU) with PETRONAS, the Malaysian national energy giant.

Syngenta recently announced that its newly developed herbicide, metproxybicyclone, has been officially classified as a new chemical subclass by the Herbicide Resistance Action Committee (HRAC) and the Weed Science Society of America (WSSA).

Brazilian company Ourofino Agrociência has announced the launch of its latest fungicide, Dotte, a premium product designed specifically to combat Asian soybean rust and leaf spot disease in soybeans.

Sissco has expanded its first-in-market fluorine-free surfactant (NFS) perfluoroelastomer (FFKM) product line with the release of the world’s first peroxide-cured FFKM polymer using proprietary NFS technology.

Teknor Apex has finalized its acquisition of Danimer Scientific, Inc., one of the largest PHA producers in the U.S., for a surprisingly low price of $19 million.

Glenmark Pharmaceuticals has introduced an over-the-counter (OTC) eye drop solution in the U.S. for treating allergic rhinoconjunctivitis, marking a significant addition to the growing market.

On June 16, 2025, Harbour BioMed announced a significant victory in a patent dispute regarding its core “binding molecule” technology.

On June 20, 2025, the European Commission announced new rules restricting Chinese companies from participating in public medical device tenders exceeding 5 million euros.

Global oilseed prices rose last week, driven by a 7.6% surge in soybean oil futures and a sharp increase in crude oil prices.

On June 20, 2025, the Food Standards Australia New Zealand (FSANZ) announced the evaluation of Application A1333, which seeks approval for the use of genetically modified (GM) purple tomatoes in food.

The Port of Los Angeles reported a 9% year-on-year decline in imports for May 2025, with volumes expected to remain weak for the rest of the year.

Sodium alginate, also known as alginate, is a polysaccharide extracted from brown algae like kelp and sargassum.

Sahara Energy, a subsidiary of the Sahara Group, has signed an agreement with HD Hyundai Heavy Industries to build two very large gas carriers (VLGCs) with delivery scheduled for mid-2028.

MODEC, through its subsidiary Offshore Frontier Solutions, has partnered with Toyo Engineering India to establish a joint venture global capability center (GCC) in Bengaluru, India, named TOYO MODEC OFS India (OFS India).

On June 20, the China Securities Regulatory Commission (CSRC) announced its approval for the registration of benzene futures and options on the Dalian Commodity Exchange (DCE).

German cycling accessory brand Schwalbe is introducing a new generation of Aerothan TPU bike inner tubes, made with over 90% recycled materials.

On June 18, Kangda New Materials announced plans to issue shares to specific investors, including its controlling shareholder Tangshan Industrial Investment, to raise up to 5.85 billion yuan.

Japanese chemical manufacturer Zeon Corporation has announced plans to construct a research plant at its Yokaze site in Yamagata Prefecture, focusing on directly producing butadiene and isoprene from plant-based materials.