Market Flash

The U.S. government announced on Friday that 15 medications, including Wegovy for weight loss and Ozempic for diabetes, will be part of the Medicare price negotiation plan set to take effect in 2027. This initiative stems from the Inflation Reduction Act

On January 22, 2025, the European Commission announced the adoption of Regulation (EU) 2025/96, which officially approves grape seed extract (Vitis vinifera L. seed extract) as a basic substance for use in various applications.

Time Technoplast, through its subsidiary Gulf Powerbeat, KSA, has announced the establishment of a state-of-the-art manufacturing facility in MODON Industrial Zone, Saudi Arabia.

• Time Technoplast
• Gulf Powerbeat
• Saudi Arabia

Trump issued an order on the 20th requiring the United States to resume processing export license applications for new liquefied natural gas (LNG) projects to increase U.S. energy production, while repealing the Biden administration's climate policy.

• LNG
• Trump

The Indian Sugar Mills Association (ISMA) has expressed its gratitude to the Indian government for approving the export of 1 million tons of sugar this quarter.

Recently, AstraZeneca announced that its BTK inhibitor, Calquence (acalbrutinib), has received FDA approval for a new indication. It is now authorized for use in combination with bendamustine and rituximab for the treatment of adult patients with previous

On January 17, Rayitek released its performance forecast for 2024, indicating that the net profit attributable to shareholders is expected to incur a loss ranging from ¥53 million to ¥68 million.

In January 2025, major global suppliers of MDI and TDI announced price increases across the board. On January 15, Wanhua Chemical raised its prices for MDI and TDI in the ASEAN region by $200 per ton, effective immediately or as allowed by contract terms.

Recently, Sekisui Chemical announced plans to begin mass production of flexible perovskite solar cells in 2027.

Borsod Chemical is committed to delivering high-quality MDI products to the European market. The company values the trust that partners place in it and remains dedicated to providing exceptional service and reliability to meet customer needs.

The Kao Group brand is coming to France and will soon follow in Germany. After its successful launch in the UK two years ago, the brand quickly followed in France.

• Kao
• Curél

The United States announced a ban on the use of red dye 3 (erythrosine), which is often added to food and beverages to give it a bright cherry red color.

• red dye 3

Ingevity Corporation is exploring strategic alternatives for the company’s Performance Chemicals Industrial Specialties line, including the potential divestiture of portions of its North Charleston facility.

• Ingevity

The STOCKMEIER Group announces the acquisition of a majority stake in the Spanish company Intercoat Specialties SL, marking an important strategic step in strengthening its specialty chemicals business.

• STOCKMEIER Group
• Intercoat Specialties SL

Toray Industries, Inc. has announced that it will commercialize a proprietary new multifunctional coating agent that combines antiviral, antibacterial, antifungal and antiallergic properties.

• Toray
• multifunctional coating agent

In light of recent developments, Canada's health authorities have decided to continue allowing the use of Red Dye No. 3 (also known as Erythrosine) in food products, despite the U.S. Food and Drug Administration (FDA) implementing a ban on this synthetic

On January 7, 2025, Puli Pharmaceutical (stock code: ST Puli, 300630.SH) resumed trading after a suspension due to regulatory issues, immediately experiencing a 20% drop over three consecutive trading days. This decline followed the company's announcement

On January 13, Zhengdan Co. released an impressive earnings forecast, predicting a net profit attributable to shareholders of between 1.1 billion and 1.3 billion yuan for 2024.

On Thursday, BP (British Petroleum) announced plans to reduce its global workforce by more than 5% as part of CEO Murray Auchincloss's strategy to cut costs and rebuild investor confidence. This move will affect approximately 4,700 employees and 3,000 con

In January 2025, the chemical industry is witnessing significant fluctuations, particularly in epoxy resin, sodium hydroxide, titanium dioxide, and bisphenol A markets. With high order volumes and tight supply chains, companies are adapting to the changin