Market Flash

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

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