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19 minutes ago
- Yahoo
ECHEMI Joins ICIS Top 50 Global Chemical Distributors, Revolutionizing the Industry with Innovative B2B E-Commerce Solutions
HONG KONG, HK / / July 5, 2025 / ECHEMI, a leading digital cross-border B2B platform for the global chemical industry, has officially secured a spot in the ICIS Top 50 Global Chemical Distributors, further solidifying its reputation as a key player in the global chemical supply chain. Established in 2015 and headquartered in Hong Kong, ECHEMI offers a full spectrum of services, including chemical raw material supply, market analysis, logistics, distribution, and e-commerce solutions. With a growing network of over 23,000 suppliers and 120,000 buyers across the world, ECHEMI is at the forefront of providing innovative, reliable, and efficient solutions to meet the needs of businesses in diverse industries. As a part of this milestone achievement, ECHEMI continues to enhance its market position by offering real-time price and market analysis for over 500 raw materials each week across Coatings, Fine Chemicals, Food & Nutrition, and Pharmaceuticals sectors in Asia. A Fully Integrated Global Chemical Marketplace The name ECHEMI, derived from "E-commerce of Chemical," reflects the company's mission to streamline the global chemical supply chain. The platform not only connects buyers with leading suppliers of quality chemical products but also provides suppliers with the necessary tools to increase global product visibility and drive sales. Key Features and Services of ECHEMI: Global Reach: Serving over 120,000 buyers and 23,000 suppliers worldwide, facilitating seamless cross-border trade in the chemical industry. Market Insights: Offering in-depth price and market analysis for more than 500 raw materials per week, covering Coatings, Fine Chemicals, Food & Nutrition, and Pharmaceuticals sectors in Asia. Global Warehouse Network: With established warehouses in both Europe and China, ECHEMI ensures efficient procurement, sales, and storage capabilities, backed by visual logistics for greater transparency. Comprehensive Chemical Solutions: Access to a wide array of chemical products, from raw materials to specialized chemicals, serving industries including pharmaceuticals, agriculture, manufacturing, and more. Streamlined Logistics & Distribution: Efficient and timely logistics services for the seamless delivery of products, backed by secure and transparent transaction processes for both buyers and suppliers. "We are honored to be recognized as one of the Top 50 Global Chemical Distributors by ICIS," said the CEO of ECHEMI. "This achievement reflects our commitment to providing high-quality, innovative solutions to businesses around the world. As we continue to grow and expand our platform, we remain dedicated to connecting global buyers and suppliers in the chemical industry through seamless and secure digital solutions." About ECHEMI: Launched in 2015, ECHEMI is a professional digital cross-border B2B platform serving the global chemical industry. With over 120,000 buyers and 23,000 suppliers, ECHEMI specializes in providing market insights, raw material sourcing, distribution services, and price analysis. The company's platform serves various industries, including Coatings, Fine Chemicals, Food & Nutrition, and Pharmaceuticals. With warehouses in Europe and China, ECHEMI ensures a seamless and efficient supply chain experience for businesses worldwide. For more information about ECHEMI or to explore the platform, visit Media Contact: Name: Howie YangWebsite: info@ 86-532-55729510 SOURCE: ECHEMI View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
- Yahoo
Taiwan Just Pulled a Surprise Move That Could Rattle Global Investors
Taiwan just fired another shot in the battle to slow its surging currencyand global investors may soon feel the ripple. The central bank is considering a rule that would force foreign funds to show proof of stock orders before converting into the Taiwan dollar, adding a 1-day delay to their currency settlement. That's a major change from the current setup, where investors can freely swap currencies on the same day they place tradesno questions asked. Officials say the rule, if adopted, would apply only to foreign institutions with weak inflow controls, not everyone. Warning! GuruFocus has detected 2 Warning Sign with UBS. So why now? The Taiwan dollar has climbed nearly 14% against the greenback this year, putting pressure on the island's exporters and financial firms. In response, policymakers have rolled out a steady stream of defensive plays: asking foreign ETF investors to unwind currency bets, nudging local banks to delay dollar sales, and even forming a task force to help smaller businesses deal with the fallout. This new proposal could be the most direct attempt yet to limit speculative inflows driving up the currencythough it also introduces a new friction for foreign equity trades. Markets are already reacting. The implied gain on the Taiwan dollar via offshore forwards dropped, and the currency edged down about 0.2%. A meeting with custodian banks is set for next week. But if this rule goes live, it could reshape how funds manage positions in Taiwanese equities, from chip giants like Taiwan Semiconductor Manufacturing (NYSE:TSM) to global leading EV like Tesla (NASDAQ:TSLA) that have indirect exposure. Delayed settlement could mean higher risk, more complexityand less appetite for fast-money flows into one of Asia's hottest markets this year. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
39 minutes ago
- Yahoo
Russia says low global oil stockpiles prompted OPEC+ to hike output
(Reuters) -Low global oil stockpiles were a major motivating factor in prompting OPEC+ members to raise production by 548,000 barrels per day in August at the group's meeting on Saturday, the Russian government said in a statement. The group, which pumps about half of the world's oil, has been curtailing production since 2022 to support the market. But it has reversed course this year to regain market share and as U.S. President Donald Trump demanded the group pumped more to help keep gasoline prices lower. "Taking into account the robust global economic outlook and current market conditions reflected in low oil inventories, they (eight OPEC+ members) agreed to make a production adjustment of 548,000 barrels per day in August 2025," the Russian government said. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, wants to expand market share amid growing supplies from rival producers like the United States, sources have said. The group will next meet on August 3. (Writing by Lucy Papachristou; Editing by Sharon Singleton)
