Market Flash

In a letter to the EU ’s executive body on April 22, the European Union ’s Agricultural Trade Organization Oilseed Processors Association (Copa) and the Agricultural Cooperative Federation (Cogeca) regarding the Covid-19 crisis

• plant protein
• EU
• SUPPLY

According to the "Global Biotechnology Flavors and Flavors Industry" report released by market research company Reportlinker, the global biotechnology flavors market is expected to grow by USD 471.4 million, driven by a compound growth rate of 9

• Vanillin
• flavors

Henlius announced on April 23 that the company ’s Shanghai Xuhui production site has successfully passed the EU GMP on-site verification of HLX02 Trastuzumab Antigen Solution (DS) and Preparation (DP) lines

• Henlius
• EU gmp

On April 21st, U.S. oil futures closed at a negative value for the first time in history. Although commodities closed down a bit, compared with the large-scale fall limit triggered by the crude oil "diving" in March

• Crude benzene
• oil
• market

The first post–COVID-19 pandemic financial results are starting to trickle in from chemical makers, and they aren’t good. Indications are that 2020 will be a year of sharp declines.

• industrial chemical

The chemical industry has been noticing the adverse effects of the COVID-19 outbreak.

• Global
• Chemical
• Industry
• industrial chemical

Since the occurrence of COVID-19, we have been closely monitoring the situation.

• Chinaplas
• postpone

On April 23, French biotechnology company DEINOVE announced the launch of its second patented cosmetic active ingredient, Luminity®, which is a concentrate of neurosporene (a very rare carotenoid).

• Deinove
• streptozotocin

In 2019, China's import and export trade of APIs returned to a fast-growing lane. The annual import and export volume reached US $ 44.434 billion, a year-on-year increase of 14.91%. Among them, the export value was 33.683 billion US dollars

• API
• analysis
• trade

Affected by the new crown epidemic, the demand for masks has soared. According to the big data of Ali International Station, the demand for medical masks by global buyers has increased by 13769% from the beginning of March.

• Polypropylene
• meltblown cloth
• chemicals

VTT and its business partners have launched a two-year project to develop a concept for a process to capture and utilise carbon dioxide.

• Carbon
• Dioxide

A nonstick wrap that repels bacteria has potentially valuable food packaging applications, according to the researchers at McMaster University in Canada who developed it.

• EMERGING
• SCIENCE

Researchers from the Robert H. Smith Faculty of Agriculture, Food, and Environment of Hebrew University recently developed a line of next-gen chickpea isolates, using patent-pending technology to extract up to 90% pure protein from the chickpea seed.

• chickpea
• alternatives

The journal Horticulturae reports in a current issue on Purdue University research findings about E. coli in aquaponic and hydroponic systems. Three years of other research about deadly E. coli O157:H7 have left many wondering if there might be safer ways

• Aquaponic
• Hydroponic
• coli
• contamination

The overall situation can be summarized as follows: before the middle of March, the soft bubble production in Europe was basically normal, but then the situation deteriorated rapidly due to the lack of market demand

• polyurethane

Since this year, due to factors such as the collapse of upstream costs and the downturn of the downstream market, the domestic o-xylene market prices have continued to decline.

• O-xylene

GlobalChem Conference and Exhibition was scheduled for 6-8 April 2020, at the Grand Hyatt Washington in Washington, DC

• GlobalChem
• Exhibition

This sudden market is mainly driven by the fierce increase in fiber materials. The demand for masks and protection has exploded, and the price of medical materials and raw materials represented by PP has risen sharply.

• PP
• meltblown fabric

The pandemic has disrupted the global supply chain. The reopening of production lines in China will not only help the Chinese economy, but also recover the global supply chain and lend a great support to the global fight against the pandemic.

• Supply chain
• China
• Trade

Oyin, a leading hand-made personal care brand, has recently launched a juice herbal leave-in hair conditioner.

• hair
• herbal
• frankincense
• myrrh