Market Flash

As a biocatalyst, the application of enzymes provides more innovative options for food and beverages, such as reducing sugar, increasing fiber, and replacing traditional food additives with clean label attributes.

• enzyme
• plant based
• Innovation

Due to the continued impact of the COVID-19 epidemic, demand for key petrochemical products in the Asian market is mixed. In the second half of this year, the prospects for the Asian petrochemical market were bleak.

• Asia
• petrochemical
• product
• demand&supply

The latest data released by market research agency RefinitivEikon shows that in the first half of the year, Brazil's total crude oil exports to Asia rose rapidly and hit a record high in June.

• Brazil
• crude oil
• market
• exportation

In the journal Nature Medicine, researchers from the Institute of Medical Sciences of the University of Toronto in Canada and the Toronto Children’s Hospital published the results of the test

• Metformin
• functions
• brain

However, as the patents of certain drugs expire, biosimilars have been launched to seize market share. By 2026, the drugs on the list will face different fates.

• Drugs
• Pharmaceutical
• Sales

Recently, the National Development and Reform Commission and the Ministry of Commerce have publicly solicited opinions from the public on the "Catalogue of Industries Encouraging Foreign Investment (2020 Edition) (Draft for Comment)."

• pharmaceutical
• chemical
• inbestment

The Indian government approved a policy plan to promote the reduction of import dependence on APIs and key intermediates.

• APIs
• India
• China
• exportation

"Economic Times" is an English-language daily newspaper in India. It was published in 1961. It is the world's second largest English-language business newspaper after the Wall Street Journal, with a readership of more than 800,000.

• India
• China
• pharmaceutical

French flavor and fragrance company Mann's announced on its official website on July 27 that it has launched a new fragrance GREENCATCHER, which can be used in clothing care products, body care products and perfumes.

• Farman
• fragrance
• application

In the second half of July (7.15-7.29), the overall chemical market remained at a relatively high level, but the upward momentum dissipated, showing a slight correction trend.

• chemical
• market
• analysis

New York, the United States, passed a bill prohibiting the sale or distribution of all food packaging containing perfluoroalkyl and polyfluoroalkyl substances in the state. The ban will take effect in early 2023.

• U.S.
• package
• perfluoroalkyl

Recently, "China Rubber" magazine learned at the 2020 Secretary-General's Work Conference held by the China Rubber Industry Association that the new crown pneumonia epidemic has a greater impact on China's rubber industry.

• rubber
• China
• industry

A new study examines the effect of polyalcohols on the anticorrosive behaviour of alkyd coatings prepared with drying oils.

• Painting&Coating
• research

In June 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 133.14 points, up 8.56% from the previous month and up 1.61% year-on-year

• China
• Import
• Export
• Foreign Trade

Crude throughput at China’s domestic refineries is likely to hit another record high in July as the state-owned oil companies, which collectively account for 69% of the country’s refining capacity, have boosted their average utilization rate to a six-mont

• China
• throughput
• June
• data

China Tianjin Container Freight Index (TCI), an indicator of northern China's international container freight rates, stood at 531.28 points on Wednesday, up 0.01 percent compared with the previous working day.

• China
• Import
• Export
• TCI

China’s index of export container transport edged up in the past week, according to the Shanghai Shipping Exchange.

• Export
• Container
• transport

At present, the domestic potash fertilizer market continues to be flat, with no major changes in prices and transactions.

• Potassium chloride
• Potassium sulfate
• prices

According to the Stratistics MRC report, the global oilfield chemicals market reached US$19.74 billion in 2019 and is expected to reach US$32.18 billion by 2027, with a compound annual growth rate of 6.3%.

• oilfield chemicals
• market
• outlook

The Council of the European Union authorized the formal signing of the China-EU Geographical Indications Agreement, which was the first significant bilateral trade agreement signed between the EU and China.

• Europe
• agriculture
• China
• trade