International crude oil futures prices fell significantly on the 9th, with intraday losses once dropping to around 5%. Additionally, pressured by a stronger U.S.

BASF has decided to shut down its expandable polystyrene (EPS) production unit at its plastics site in Ulsan, South Korea. The related production operations are expected to cease by mid-June 2026.

On June 8, 2026, local time, Israeli missiles struck the Karoon petrochemical complex in Iran's Mahshahr Petrochemical Special Economic Zone, located in southwestern Iran, causing partial damage to

Recently, the Official Journal of the European Union published an "Announcement on the Initiation of an Anti-Dumping Investigation Concerning Certain Aliphatic-Aromatic Copolyesters Originating in

June 3, 2026 – According to foreign media reports, as part of a global restructuring plan, Dow will cut 605 jobs in the Netherlands.

June 2, 2026 – The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of BASF's coatings business by Carlyle Group.

Iran launched multiple rounds of missiles at Israel, talks have reached an impasse, and the fragile ceasefire is on the verge of collapse, sending international oil prices rebounding.

Recently, the 2026 Asia Petrochemical Industry Conference (APIC 2026), themed "Uniting the Chemical Industry for a Sustainable Future," was held in Fukuoka.

International oil prices dropped sharply on June 4. At the close of trading, light crude oil futures for July delivery on the New York Mercantile Exchange fell $2.98 to settle at $93.

June 3, 2026 – Mitsui Chemicals announced that it plans to expand production capacity for its globally leading MR™ series of high-refractive-index eyeglass lens materials.