Market Flash

The theme of this year's "World Food Safety Day" is "Food safety is everyone's responsibility". At the home event in China, Xiao Yaqing, director of the Office of the Food Safety Committee of the State Council

• Saccharin sodium
• sweetener
• interpretation

The Organization of the Petroleum Exporting Countries (OPEC) recently announced that it will reduce the scale of production, but the market's concerns about demand have not been relieved, and international oil prices have only fluctuated slightly.

• OPEC
• Production
• oil price

In addition to imparting acidity to foods, acidity regulators also have the functions of regulating food pH, acting as antioxidants, preventing food rancidity or browning, inhibiting microbial growth, and preventing food spoilage.

• Acidity regulator
• food
• PH

In July 2020, the European Union issued Regulation (EU) 2020/992, approving 6-phytase (6-phytase) produced by Aspergillus niger DSM 25770 (Aspergillus niger (DSM 25770)) as a feed additive for all poultry. Effective on the twentieth day from the date of p

• EU
• feed additives
• monensin

After 70 years of unremitting efforts by colleagues in the whole industry, the localization technology and equipment of China's starch and starch sugar industry have reached the overall international advanced level and some international leading levels

• Corn starch
• Starch sugar
• technology

The special EU summit, which closed on the 21st, approved the EU budget for 2021-2027, expressly levying a "plastic packaging tax" from January 1, 2021.

• EU
• plastic
• tax
• package

On July 22, the Chinese Ministry of Foreign Affairs confirmed that the United States requested that the Chinese Consulate in Houston be closed by 4 pm on July 24.

• consulate
• US
• China
• trade

Credit Suisse analysts recently said that the global spread of the new crown pneumonia epidemic is becoming the main driving force for the transformation of European chemical production from general chemicals to specialty chemicals.

• Europe
• chemicals
• ICIS

The latest research results of Markets&Markets, a market research organization, show that the global powder coatings market is expected to be approximately US$15.7 billion this year and is expected to reach US$21.4 billion by 2025

• Powder Coating
• market size
• Asia-Pacific

A fire at Nanjing Jintong Petrochemical will further upgrade the environmental protection supervision of hazardous chemical production enterprises in Jiangsu Province, and may cause shortages of cleaning chemicals and price fluctuations.

• Petrochemical
• accident
• detergent

According to data from the US market research agency SPINS, during the 52 weeks ending October 6, 2019, magnesium sales achieved an 11% increase to 151 million U.S. dollars, ranking tenth among all ingredients.

• magnesium
• raw material
• popular
• application

Australian food flavors and ingredients manufacturer The Product Maker (TPM) recently stated that the company's polyphenol-rich sugar cane extract can relieve oxidative stress, inflammation and neurodegeneration.

• Sugarcane extract
• inflammation
• neurodegeneration

Last week, the overall market demand was sluggish, trading was weak, and the transaction rate was low. The prices of most products remained relatively stable.

• pesticide
• Prices
• Market

The Indian Chamber of Commerce and Industry released data on July 19 that India’s spice exports in June increased to US$359 million (approximately 26.9 billion Indian rupees), an increase of 23% from US$292 million in the same period last year.

• Spices
• India
• data
• COVID-19

In a new work, an epoxy-based microwave absorbing coating (MAC) containing carbon nanotube (CNT), silicon carbide (SiC), and carbonyl iron (CI) particles was prepared.

• coating
• research

Kemin Food Technologies highlighted its clean label antibacterial and antioxidant solutions series at the 2020 American Society for Food Science and Technology Annual Meeting and IFT20 Food Exhibition virtual event SHIFT20.

• Kemin
• extract
• clean label
• anti-oxidant

Shandong Shipping, Qingdao, China, has chosen to use Advanced Polymer Coatings Inc.’s high-performance MarineLINE® cargo tank coating system on a series of eight new-build chemical tankers.

• coating
• shipping
• China

Recently, IQVIA released a review of the Chinese hospital medicine market in the first quarter of 2020.

• Drugs
• Herceptin
• Enbipo

In order to alleviate the new crown pneumonia (COVID-19) epidemic, the Drug Administration of India (DCGI) has accelerated the approval of three pharmaceutical companies

• Pharmaceutical
• Remdesivir
• generic
• price

Fine chemicals refer to the chemicals that can enhance or endow a (class) product with a specific function or are manufactured and applied in small batches with specific functions, high technology density, high added value and high purity.

• fine chemical
• Chemical Industry
• special report