Trusted by the names that move the chemicals industry.

Balaji Amines closed FY26 with a strong fourth quarter — EBITDA margins of 25%, a sequential ramp in specialty chemicals volumes, and management guidance of 10–15% volume growth for FY27 with margins of 22–23%. The stated growth agenda rests on the 100,000-TPA DME plant (reported as fully committed), electronic-grade DMC and DMF, an improved-process acetonitrile plant, NMM, and a ₹750 crore expansion at Balaji Speciality Chemicals centred on EDA derivatives, HCN and EDTA. The backdrop is supportive: global amine supply remains tight on West Asia disruption, and prices have firmed.

Chinese producers are selling at a cash loss into record inventory and New Delhi has just drawn a $766/tonne line under the cheapest of those cargoes.

This week's fertiliser market was driven less by simple supply–demand changes and more by execution risk. The Middle East situation has become more complex, with Hormuz and Bab el- Mandeb risks feeding directly into freight, insurance and cargo-execution costs. A sharp decline in Hormuz transits and weaker shipowner confidence are reported, and alternative routes can add around a month at sea while materially raising voyage costs. For fertiliser markets, freight is now one of the fastest-moving indicators — especially for sulphur, ammonia, urea and downstream phosphates.