Market Flash

The US Senate Health, Education, Labor and Pensions Committee held the first of three hearings on rising pharmaceutical prices Tuesday, discussing the confusing system by which prices are set and possible ways to bring them down.

• Pharmaceutical

The National Corn Growers Association and NineSigma have launched a global competition to identify new innovative uses for field corn as a renewable feedstock for chemical production.

• Corn
• Agriculture

The government again came under fire from a manufacturers’ group for its growth-stifling policies and window-dressing in the latest federal budget.

• Textile

Despite Goods and Services Tax Council accepting the demand to bring down GST rates on textile job work from 18 per cent to 5 per cent, a section of traders in the country's biggest man-made fabric...

• Textile
• GST
• Traders

Some textile traders, who are opposed to the implementation of Goods and Services Tax (GST) because it will usher in purported transparency, will be going to New Delhi on Tuesday

• Textile
• GST

The European Union has announced a raft of new developments with its voluntary Green Public Procurement (GPP) criteria for textiles products and services.

• Textile
• Green

Thailand's cabinet on Tuesday approved measures to help rubber farmers and stabilise falling prices, the country's prime minister said.

• Thailand
• Rubber

Declining rubber prices left the property market and residential demand in Thailand’s southern provinces to depend on investments from the government in infrastructure projects.

• Rubber
• Thailand

The escalating need for materials with tunable properties and high functionality is driving R&D in chemicals and advanced materials, especially in the industries of healthcare, infrastructure, automotive, and oil and gas.

• Coatings
• Green

Innovations in the paper manufacturing process and increasing use of recycled paper as a raw material are some of the major factors driving the growth of the market.

• Paper

Textile industry today urged the GST Council to lower the service tax on job work related to made-ups and garment sector, saying the proposed 18 per cent tax would escalate the prices of final goods making them uncompetitive in the international market.

• Textile

Vietnam is entering the aging period of the population this year. The average spending on medicine per capita is now at $33 per annum. The figure is expected to increase to $55 by 2021, much lower than the average spending level...

• Pharmaceutical

Every day, countless people across America order prescription drugs from pharmacies in other countries as they hunt for something increasingly elusive — affordable medications.

• Medicine
• Americans
• Drug

The comments from Washington-based ACC came as the United Nations wrapped up its first-ever conference on the health of the oceans June 9 in New York.

• UN
• Plastics

In May, the Chinese average price of polymeric MDI was RMB 21,671/mt, which fell 6.85% M-O-M, and rose 73.84% Y-O-Y.

• MDI

Less than two months after Myanmar’s Food and Drug Administration declared victory over the use of formaldehyde in Yangon food markets, the poisonous preservative is back.

• Preservative
• Food
• Aldehyde

Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, will exhibit its Energy Solutions products and services at the Coil Winding Expo (CWIEME) in Berlin, Germany

• Coating
• Axalta

Paints and Coatings Market by Product Segment (High Solids/Radiation Cure, Powder Coatings, Waterborne Coatings, Solvent Borne Technologies and Others) For Automotives & Aviation,

• Paints
• Coating

Textile industry today urged the GST Council to lower the service tax on job work related to made-ups and garment sector, saying the proposed 18 per cent tax would escalate the prices of final goods making them uncompetitive in the international market.

• Garments
• Tax
• Textile

The AWI Wool Exchange Portal working group (WEP-WG) has endorsed the construction and implementation of a digital wool exchange platform for the long-term benefit of the Australian wool industry.

• Australia
• Textile