Market Flash

According to Articles 48 and 50 of the "Anti-Dumping Regulations of the People's Republic of China," the Ministry of Commerce of the People's Republic of China issued Announcement No. 55 on December 22, deciding to initiate a sunset review investigation i

The Ministry of Finance announced tariff adjustment measures on the 28th. Starting from January 1, 2025, China will reduce import tariffs on ethane and some recycled copper and aluminum raw materials.

• tariff
• china

Carbios has announced that it will postpone the construction of its PET biorecycling plant in Longlaville by six to nine months due to funding delays, pending the completion of additional financing under satisfactory conditions.

• Carbios

For its first high-end fragrance collection, which celebrates the Centifolia roses grown at its rose estate in Grasse, southern France, Lancôme chose Aptar Beauty’s HDS Inune refill pump.

• Lancôme
• Aptar

Clean Fino-Chem Limited (CFCL), a wholly-owned subsidiary of Clean Science and Technology, has today started commercial production of 2, 5-Dihydroxy-1, 4-Dithiane (DHDT) in a dedicated production area.

• Clean Fino-Chem Limited

Japanese company Idemitsu Kosan Co., Ltd. has created the world’s first plant-based motor oil specifically designed for racing. This innovative product, called Idemitsu IFG Plantech Racing, uses plant-based materials as more than 80% of its base oil.

• Idemitsu Kosan

Further tariff reductions will apply to sodium zirconium silicate, CAR-T tumor therapy viral vectors, and nickel-titanium alloy wires for surgical implants. The Ministry of Commerce also announced that the China-Malaysia Free Trade Agreement will take eff

Japan's Sekisui Chemical Co., Ltd. (4204.T) announced on December 25 its plan to begin mass production of next-generation perovskite solar cells (PSCs) in 2027.

Recently, the draft of the Hazardous Chemicals Safety Law was submitted to the 13th meeting of the Standing Committee of the 14th National People's Congress for review.

MAIRE announces that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary Stamicarbon (a leading licensor of nitrogen fertilizer technologies), has won new contracts related to its proprietary NX STAMI urea technology in Canada.

• MAIRE
• NEXTCHEM

The U.S. Department of Energy’s Bioenergy Technologies Office announced their intent to award funding to support high-impact R&D projects in two priority areas: Sustainable Propane and Renewable Chemicals and Algae Systems Cultivation and Pretreatment.

• BETO
• renewable chemicals
• Algae R&D

Inspired by professionals and consumers, backed by science, internal research and Fiabila’s unconditional commitment to safety for all, the French supplier’s new UV Gel concept has won a 100% satisfaction rate among consumers.

• Fiabila

On December 20, 2024, the European Food Safety Authority (EFSA) published document number 2024.9176, proposing a revision of the maximum residue limit (MRL) for dimethomorph in agricultural products. Specifically, the agency recommends adjusting the maxim

On December 24, 2024, Japan's Consumer Affairs Agency announced a public consultation on the partial revision of the Food Labeling Standards, with feedback due by January 28, 2025. The main contents of the revision include:

Recently, the environmental impact assessment information for the 10,000-ton xanthan gum project by Inner Mongolia Military Creation United Biological Technology Co., Ltd. has been publicly announced on relevant websites. The project is located in the Agr

On December 25, 2024, Eli Lilly’s glucose-dependent insulinotropic polypeptide (GIP)/glucagon-like peptide-1 (GLP-1) receptor agonist Tirzepatide (brand name: Mounjaro) was officially commercialized in the Chinese market. According to reports, several e-c

In 2024, the global economy exhibits a distinct polarization, with “U.S. Exceptionalism” becoming the dominant topic in foreign exchange markets. Despite facing high prices and tightening monetary policies, the U.S. economy continues to perform strongly,

What profound impacts do you think the increasing number of countries joining the BRICS organization will have on the global economy and politics? Feel free to discuss!

The American Chemistry Council (ACC) recently released a report predicting that US chemical production will decline by 0.4% in 2024, but will see a moderate recovery in 2025, with an expected growth of 1.9%.

LVMH Recherche, the R&D arm of LVMH Beauty, has entered into a multi-year strategic partnership with Integrated Biosciences, a biotech innovator specializing in artificial intelligence (AI) and synthetic biology.

• LVMH Recherche