Market Flash

On November 26, 2024, Japan's Sumitomo Chemical announced the transfer of its caprolactam production technology (gas-phase Beckman rearrangement technology) to HighChem Co., Ltd., with both parties signing an agreement. HighChem will inherit and plan to g

According to data from the National Bureau of Statistics, from January to October this year, the total profit of industrial enterprises above designated size nationwide reached 586.804 billion yuan, a decrease of 4.3%. Among these, profits in the oil and

From November 18 to 22, the chemical machinery index was the only index to rise, while the other six indices experienced declines. In the chemical sector, the chemical raw materials index fell by 0.47%, the chemical pharmaceuticals index dropped by 1.78%,

Eli Lilly reported total revenue of $31.5 billion for the first three quarters of the year, reflecting a 27% year-on-year increase, driven by strong performances from Tirzepatide and Semaglutide, which together generated over $20 billion in sales.

Cassava Sciences announced on November 25, 2024, that its Phase III ReThink-ALZ study failed to meet primary and secondary endpoints for treating mild to moderate Alzheimer's disease.

On November 26, 2024, Taiwan's Food and Drug Administration released a list of non-compliant food items discovered during border inspections, including a batch of black pepper from South Africa found to contain illegal coloring agents.

Ube Industries, Ltd. has decided to expand the production capacity of high-purity nitric acid at the Ube Chemical Plant (Ube City, Yamaguchi Prefecture) to meet further growing demand in the future.

• UBE Industries

Barentz has announced that it has been appointed by ddchem as a distributor for its portfolio of epoxy hardeners, hot melt polyamides and epoxy systems in the Midwestern United States and Canada.

• Barentz international
• ddchem

Amcor has announced that it has entered into a definitive merger agreement with Berry under which the two companies will combine in an all-stock transaction valued at $8.4 billion with combined revenues of $24 billion.

• Amcor

The European Chemicals Agency (ECHA) announced on 20 November that it is evaluating alternatives to a total ban on perfluorinated and polyfluoroalkyl substances (PFAS). Special attention was paid to fluoropolymers during the opinion formation process.

US President-elect Donald Trump has announced that he will impose high tariffs on Canada, Mexico and China once he takes office. Trump plans to impose 25 percent tariffs on Canadian and Mexican goods and end the open border policy immediately after he is

Fine chemical industry is a key branch of chemical industry, its products are diverse, high added value, widely used, and closely related to a number of industries, in the national economy and high-tech industry plays an increasingly important role.

Trade between China and the United States has surged on the back of Mr. Trump's threat to impose a 60 percent tariff on Chinese goods, with American importers snapping up Chinese goods for rainy days.

Carrefour CEO Alexandre Bompal has apologized to Brazil's Agriculture Minister Carlos Favaro for the group's recent statement that it will not sell meat from Mercosur.

On November 22, 2024, the Korea Food and Drug Safety Agency (MFDS) released a statistical report on norovirus poisoning in South Korea over the past five years. The main contents of the report are as follows:

In a recent business development, Yuhan Corporation, a well-known pharmaceutical company in South Korea, announced that it has entered into an important cooperation agreement with Gilead Sciences, a world-renowned biopharmaceutical company.

On November 22, after more than 20 days of sailing, the cargo ship OOCL NEW ZEALAND, carrying China’s first batch of RSPO-IP grade sustainable palm oil, successfully arrived at Shanghai Gaodong Port from Pasigudang, Malaysia to complete the unloading.

• Yihai Kerry

Major shareholders of Swiss skincare giant Galderma Group AG, including EQT AB, Abu Dhabi Investment Authority (ADIA) and Auba Investment Pte, are selling a 6.7% stake worth about CHF1.28 billion ($1.45 billion)

• Galderma

Global mining giant Anglo American has reached a definitive agreement to sell its entire steelmaking coal business to Peabody Energy Corporation for a total cash consideration of up to $3.8 billion.

• Anglo American
• Peabody Energy Corporation

French investment company Wendel SE is considering selling its 68% stake in Stahl Holdings BV, a Dutch chemical manufacturer specializing in coatings and surface treatments for materials such as leather, plastics and textiles.

• Wendel
• Stahl