Market Flash

Utah's congressional delegation has expressed strong opposition to a provision in the Inflation Reduction Act (IRA) that gives Medicare the power to negotiate prescription drug prices.

On September 24, Health Canada officially issued an important consultation document called PRVD2024-05, which marks the high importance of environmental protection and ecological balance in the country.

The revision not only reflects the Indonesian government's high emphasis on public health, but also marks another improvement in the country's regulatory system in the field of nutrition and health.

On the important date of September 24, 2024, the Lithuanian Ministry of Agriculture officially issued the order Nr.3D-676, which marks a profound change in the Lithuanian butter and cream products industry.

CNNC HUA YUAN Titanium Dioxide, one of the leading companies in China's titanium dioxide industry, may not have expected to be compared with Evergrande Real Estate, once known as the "first space housing company" and now in trouble.

The introduction of this strategy is not only a profound reflection on the current global food health issues, but also an important guidance for the future development direction of the food industry.

On September 25, 2024, an evacuation order for a community in Ohio remained in effect as officials scrambled to deal with the scene of a hazardous chemical spill.

This initiative not only marks a new breakthrough in technological innovation in the e-cigarette industry, but also triggered widespread concern from all walks of life about the safety and compliance of new chemical substances.

SI Group has announced plans to close its alkylphenol manufacturing facility on Jurong Island, Singapore, in the second half of 2025.

• SI Group
• alkylphenol

Japanese personal care giant Mandom is launching NatureLab Tokyo in Singapore, seeking to tap into the demand for clean, natural and ingredient-led scalp care solutions.

• Mandom
• scalp care

South Korean oil company GS Caltex said in September that it has exported sustainable aviation fuel (SAF) to Japan. The company supplied about 5,000 kiloliters of CORSIA SAF blended with conventional jet fuel to Japan's Narita Airport.

• GS Caltex
• SAF
• jet fuel

Stephenson, an innovation leader and manufacturer of a wide range of soap bases and ingredients for the beauty and personal care markets, has launched Durosoft, a range of natural polyglycerol esters for formulating sustainable skincare, cosmetics, etc.

• Stephenson
• Durosoft

Drytac, a manufacturer of self-adhesive materials for the large-format printing and signage markets, has announced the appointment of Brazilian graphics specialist Corimpress as its exclusive distributor in Brazil.

• Drytac
• Corimpress

Total Energy has announced the signing of a framework agreement (HoA) with HD Hyundai Chemical to supply it with 200,000 tonnes of LNG per year for seven years from 2027.

• Total Energy
• HD Hyundai Chemical

The Ministry of Agriculture, Forestry, Livestock and Food announced measures to stabilize the prices of horticultural agricultural products on August 24.

This week, the world's major tuna (skipjack tuna) trading market showed a trend of rising prices.

On September 24, 2024, Health Canada published Consultation document PRVD2024-05, in which the Pest Management Agency (PMRA) announced that it will conduct a reassessment of 3-methyl-2-cyclohexen-1-one and its related end-use products.

To implement the long-term LNG sales growth strategy, Total Energy announced that it will extend the natural gas sales and purchase agreement with CNOOC for 5 years, delivering 1.25 million tons of LNG to China annually until 2034.

• CNOOC
• Total Energy

Dutch Boy Paints introduces new and improved Platinum Plus paints featuring Stain-Shield technology and now also featuring a new Anti-Scuff formula, providing another easy solution for users.

• Dutch Boy Paints

UPM Biochemicals is partnering with Södra and will be one of Södra’s first customers when the forest-owner association’s plant in Mönstros opens.

• UPM Biochemicals
• Södra