Market Flash

The Indian Ministry of Commerce’s Directorate General of Trade Remedies (DGTR) recently recommended imposing anti-dumping duties of $460 to $681 per ton on titanium dioxide imports from China.

• DGTR
• Titanium Dioxide
• India
• China

Switzerland-based Coperion K-Tron, a leading global provider of feeding and pneumatic conveying technology solutions, has announced that it will expand its test center at its facility in Niederlenz.

• Coperion K-Tron

Roquette Beauté has expanded its global presence with the opening of its new co-innovation center in Shanghai, China, equipped with an application laboratory and testing center, including sensory analysis capabilities.

• Roquette Beauté
• co-innovation Center
• Shanghai

LG Chem is making inroads into the global market using eco-friendly raw materials derived from plant oils.

• Bio-acrylic acid
• LG chem

According to the China Minmetals Chemical Import and Export Chamber, the Chinese chemical industry experienced a positive trade growth in 2024, driven by a recovering global economy and rising trade demand.

Recent financial disclosures from major multinational chemical corporations highlight a challenging yet optimistic 2024. Despite ongoing economic hurdles, companies like BASF, Eastman Chemical, and Dow have shown resilience and strategic adaptations.

ALPLA fully integrates its Egyptian plant into the Group by acquiring all shares of joint venture partner Taba. The global packaging and recycling specialist produces plastic bottles, preforms and closures for the North African and Middle Eastern markets.

• ALPLA
• Taba

Union Health Ministry has granted a conditional extension for small and medium drug manufacturers to comply with the revised Schedule M norms, now set to be implemented by December 31, 2025.

On February 11, the Ministry of Industry and Information Technology released production data for the plastic products industry for the year 2024.

Ozempic, the popular GLP-1 diabetes medication from Novo Nordisk, has demonstrated encouraging results in a recent study addressing alcohol use disorder.

Nucleus Gene and its legal representative Zhang Hezi have become restricted consumers due to a failure to comply with court orders, linked to an execution amount of 200,000 yuan.

In a groundbreaking decision, the European Union has approved the use of larvae flour in various food products, marking a significant shift in dietary norms.

Legrand, the French electrical and digital infrastructure giant, is preparing for a financial hit of approximately $30 million due to the 10% tariff imposed by the U.S. on Chinese imports, according to CEO Benoît Coquart.

A recent study led by Benoit Chassaing, Inserm Research Director at Institut Pasteur, has uncovered alarming insights into the effects of emulsifiers—common food additives found in daily staples like sliced bread, ice creams, and plant milks.

Vertex Pharmaceuticals is making headlines with the upcoming launches of three pivotal products: the sickle cell disease gene therapy Casgevy, the company’s fifth cystic fibrosis treatment Alyftrek, and the newly approved non-opioid pain relief medication

Eisai is doubling down on its Alzheimer’s disease antibody, Leqembi, which is showing signs of significant growth potential nearly two years post-launch.

On February 10, 2025, U.S. President Donald Trump signed an executive order imposing a 25% tariff on all imported steel and aluminum products, declaring that this policy includes "no exceptions or exemptions."

As of February 10, 2025, the weekly oil price trends indicate a downward shift, with domestic prices remaining notably stronger than international ones.

On February 10, 2025, Premier Li Qiang chaired a State Council meeting to discuss policies aimed at resolving structural contradictions in key industries.

Abu Dhabi National Oil Company (ADNOC) and Austrian energy firm OMV have announced plans to merge their plastics businesses and acquire Canadian plastic producer Nova Chemicals.