Market Flash

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

While Switzerland is mostly known in China for its luxury watches, young Swiss designers are also looking to build their names here.

• Swiss
• Chinese
• Textile

Sinopec Luoyang plans to shut the 325kta PTA unit for turnaround in H2, Jun and it may last for 45 days.

• PTA
• Textile

The chairman of the All Pakistan Textile Mills Association (APTMA) on Sunday called for a more competitive business environment in the country to boost the country’s exports.

• Textile

With rumours about plastic rice, plastic eggs and plastic sugar raising suspicions about the quality of food being consumed, the Karnataka government has ordered an inquiry to know the facts on the ground.

• Plastic
• Probe

Schoeller Textil AG, a leader in high-performance textiles specialising in the sustainable development of innovative textiles and textile technologies, is set to present its newest collaboration at this year’s Outdoor...

• Schoeller
• Polyurethane

China's tire maker Himaxer has started trial production at its 1.2 million unit-per-year polyurethane tire project in Yunfu, the company disclosed.

• PU
• Tire

Now, it is hoping to arm science graduates with the training to formulate cosmetics.

• Cosmetics
• Safe

Increased tourism and an aging society are two of the biggest waves cresting over Japan, and thanks to both the country's cosmetics companies are seeing stock prices buoyed to all-time highs.

• Japan
• Cosmetics

Today's Chinese citizens have grown hungry for fatty, high-protein foods, but the country's agriculture industry may have hit its limit.

• China
• Food

Glove makers saw their shares rise yesterday as rubber prices fell for the second consecutive week to a year-to-date low.

• Rubber
• Gloves

“If the role and procedures for each ministry are included in the law and rules, it will be more convenient,” she said.

• LNG
• Pipelines

State-owned fuel retailer Hindustan Petroleum has received environment clearance for expansion of Ramanmandi Bahadurgarh Petroleum Products Pipeline (RBPL), whose project cost is Rs 230 crore.

• Expansion
• Company

Datang Duolun shuts accidentally its second PP production line on Jun 8. The facility is of 230kt/year PP production capacity, and may remain closed for 2-3 days.

• PP

After acquiring Hong Kong Tongda Group, Chunhui Holdings have decided to sell its chemical fiber business. Chunhui announced that Chunhui has signed an agreement with Guangzhou Honghe Investment Co., Ltd. to sell chemical fiber...

• Fiber
• Textile