🧪 Petrochemical Margins Watch: $BAK (Braskem) Q3 squeezed as PE-naphtha spreads fell 16% ($457 to $385/ton). Meanwhile in China, soda ash operating rates climbed to 77.55% while caustic soda stocks remain up 43.6% YoY.
#Petrochemicals#ChlorAlkali#Chemicals
📉 $CTVA (Corteva) slides 24.3% to $9.19 after cutting its FY26 outlook on its Q3 call. Latin America organic sales plunged 31% on Brazil pricing & volume headwinds, overshadowing 19% volume growth in North America.
#Agchem#Corteva#Earnings
🇮🇳 Industrial Gases M&A: $LINDEINDIA approves 100% cash acquisition of Airtech Cryogenic Gases for ₹111.20 Cr. No regulatory approvals needed; deal expected to close within 8 weeks, expanding its industrial & medical gases footprint.
#LindeIndia#IndustrialGases#MA
🛢️ Feedstock Watch: Brent crude eases to $92.02/bbl while US natural gas holds near $3.35/MMBtu on warm November weather. Meanwhile, US FDA revokes methylene chloride, EDC & TCE uses in food dye extraction effective Jan 11, 2027.
#Petrochemicals#Regulation#Feedstocks
🔬 Indian R&D Milestone: $PIIND (PI Industries) plans to launch 2 new proprietary agrochemical molecules in the next 5 years, building on Pioxaniliprole—India's first indigenously discovered insecticide.
#Agchem#PIIndustries#SpecialtyChemicals
🔄 Portfolio Focus: $BASF agrees to sell its global mining solutions business—including its Ireland site & ~140 employees—to French specialty chemical maker SNF, continuing its Performance Chemicals strategic streamlining. Deal expected to close in 2027.
#Chemicals#BASF#MA