Market Flash

The Ordinary, an American skincare brand, will sell 24 products in China from February 13, including localized products and new products.

• The ordinary
• Sephora

PCBL Chemical has signed a technology transfer agreement with Ningxia Jinhua Chemical Co., Ltd. in China to produce acetylene black in India.

• PCBL
• PCBL Chemical

Indian specialty chemicals manufacturer Vinati Organics Limited today announced the establishment of its wholly owned subsidiary, Vinati Organics USA INC, in Delaware, USA.

• Vinati Organics

Lotte Chemical will sell a 75.01% stake in its Pakistani subsidiary to a consortium of Asia Park Investment and Montage Oil DMCC.

• Lotte chemical
• Pakistani subsidiary

Barentz, a global specialty ingredient solutions provider, has extended its distribution agreement with Synthomer, under which Barentz will distribute Synthomer’s high-performance polymers for use in the North American floor care market.

• Barentz
• Synthomer

Arxada, a global leader in specialty chemicals and innovative solutions, announces the launch of Polyboost™, a unique multifunctional additive designed to enhance a wide range of paint and coatings performance.

• Arxada
• Polyboost

Shell, the British oil giant, has revealed concerning statistics indicating a net profit of $23.716 billion for 2024, marking a 16% decline year-on-year when excluding inventory valuation changes and non-recurring items.

On February 11, the European Commission announced a significant ruling imposing anti-dumping duties on biodiesel originating from China, with rates set between 10.0% and 35.6%.

ABB India has announced a significant financial performance for the fourth quarter of the calendar year 2024, with a 56% increase in net profit, reaching Rs 528.41 crore compared to Rs 338.68 crore in the same quarter last year.

China's recent retaliation against Trump-era tariffs is poised to significantly alter the flow and pricing of coking coal. As the world's largest consumer of this essential resource, China’s actions will impact global markets and reshape trade patterns.

Sanofi and Regeneron announced that the FDA has accepted the supplemental biologics license application (sBLA) for Dupixent (dupilumab) to treat Bullous Pemphigoid (BP) in adults, granting it priority review status.

Australian skincare and cosmetics brand MCoBeauty has now been fully acquired by billionaire Dennis Bastas’ DBG Group.

• MCoBeauty
• DBG Group

Panacol launches Structalit® 5859, a new adhesive system developed specifically for magnet bonding. The adhesive can be used for magnet/rotor bonding as well as for joining magnets in pole housings.

• Panacol
• Structalit
• adhesive
• Epoxy adhesive

SK chemicals, the world's first company to successfully mass-produce chemical recycled materials, has set out to establish an integrated plastic recycling solution center in Korea.

• SK chemicals

UK-based Johnson Matthey (JM) and German engineering giant Bosch have entered into a long-term collaboration to develop and produce high-performance catalyst coated membranes (CCMs) for hydrogen fuel cells.

• Johnson Matthey
• Bosch

On February 12, 2025, at the request of BASF and Dow, the U.S. special MDI Fair Trade Alliance submitted a petition for new anti-dumping (AD) and countervailing duties (CVD) on methylene diphenyl diisocyanate (MDI) imported from China.

The titanium dioxide industry is experiencing its first price surge of 2025, triggered by the EU's imposition of anti-dumping duties on Chinese exports.

Recent data indicates that Vietnam's GDP growth for 2024 stands at an impressive 7.09%, reflecting the nation's robust economic performance.

As of February 13, a total of 257 biopharmaceutical companies have disclosed their performance forecasts for 2024, with over 50 firms expecting to see their net profits double.

Polyplastics, a leading global engineering plastics company, has launched Plastron LFT RA627P, an environmentally friendly composite material composed of polypropylene (PP) resin and long cellulose fibers.

• Polyplastics
• Plastron