KARAIKAL, INDIA — A fire broke out at Chemplast Sanmar Limited’s Ethylene Di-Chloride (EDC) manufacturing plant in Karaikal, Puducherry, on July 17, 2026, at approximately 10:30 AM local time. No injuries or casualties were reported, according to an official statement from the company. Key Details & Regulatory Response Chemplast Sanmar stated it is working closely … Read more
International oil prices have climbed back above $80 due to renewed Middle East instability. With the Strait of Hormuz effectively blocked and military tensions rising, manufacturers are temporarily pausing sales to reassess pricing. Current market trends show a rebound in feedstock prices: However, a dramatic price surge is unlikely this time. Several factors will keep … Read more
Recent moves by the US to block the Strait of Hormuz have pushed international oil prices up, with WTI crude reaching $79 a barrel. This rise is now starting to push up the prices of other related chemical products, like naphtha and ethylene. This week, ethylene prices in Northeast Asia rose by about $20, trading … Read more
