This week, the downward momentum of the main soda ash 01 contract moderated, though its rebound potential remained limited. B
October in Europe brings a chill in the air. Within just one week, INEOS, Dow, SinoPec, and Alcatel-Lucent have successively announced plant closures and layoffs. Combined with earlier closures this year, the wave of shutdowns in Europe's chemical industry shows no signs of abating.
Following its announcement on 24 September to exit the bisulphite business and close the associated production facility in Ludwigshafen, BASF has recently completed two major business divestments, while its new project in Zhanjiang has also received regulatory approval.
Earnings Roundup: 41 Chemical Companies (Q2 & First Half 2025)
Germany’s chemical industry is mired in a severe crisis, with capacity utilization hitting a record low.
According to customs statistics, in the first eight months of 2025, China's goods trade continued a steady growth trend, with a total import and export value of 29.57 trillion yuan, a year-on-year increase of 3.5%.
