Chemicals & Polymers

Importers have raised Toluene prices by ₹1/kg, with bulk deals now quoted at ₹68.50++ Ex-Mumbai and ₹68.00++ Ex-Kandla on 60 days credit terms. Traders' spot offers are even firmer, ranging between ₹70-71++ Ex-Mumbai and Ex-Kandla on similar terms. Toluene prices have surged nearly ₹4.5/kg on a week-on-week basis, primarily driven by the sharp rally in crude oil prices and escalating geopolitical tensions between Iran and Israel.

Week-on-week, methanol prices have risen by ₹6/kg—triggered primarily by escalating geopolitical tensions in the Middle East. On June 14, 2025, Iran’s South Pars gas field in Kangan (Bushehr province) was reportedly struck by an Israeli drone. The attack has severely disrupted Iranian methanol shipments and raised alarms across global petrochemical markets.

The Indian polymer market remains subdued amid monsoon-driven demand slowdown and global freight issues. While domestic suppliers offer incentives to stimulate sales, geopolitical tensions—especially the Strait of Hormuz crisis—are driving crude prices higher, impacting raw material costs. BIS compliance deadlines are also reshaping sourcing behavior toward certified domestic suppliers.

Acetic Anhydride prices declined by ₹1/kg due to weaker feedstock costs and broad market sentiment. However, rising demand from the pharmaceutical sector—especially Paracetamol production—has helped limit further downside. While supply remains ample, seasonal agrochemical demand and pharma consumption are expected to stabilize prices in the short to medium term.

PET bottle chip prices remained under pressure amid weak feedstock costs and muted downstream demand. While domestic production dipped due to maintenance, supply remains ample. Export momentum slowed, and high end-product inventories curbed fresh bulk buying. Crude oil weakness and global trade uncertainties are expected to keep prices subdued.

Track daily ethyl acetate prices across India. Follow trade deals, plant status, and import-export trends shaping India’s ethyl acetate market.

Get daily methanol price updates across India. Track port-wise rates at Kandla and Mumbai, import deals, supply trends, and expert trade insights. Stay updated on methanol market activity in real time.

The Chinese polypropylene market continued consolidating in May 2025, with wire-drawing grade PP prices dipping 1.18% to $1,030/ton. Stable production, high inventories, and off-season demand weighed on prices. Despite slight export improvements and tariff optimism, buyers remain cautious amid macroeconomic uncertainty and incoming capacity expansions expected to pressure the market further.

Domestic producer GNFC reduced Aniline prices by ₹6/kg to ₹117.50/kg (Ex-Bharuch), prompting importers to cut rates by ₹3.5/kg. Prices reflect falling Nitrobenzene costs and weak demand from dye and pigment sectors. Supply remains steady with ample inventories, but downstream segments show sluggish activity. Experts expect prices to stay under pressure, recommending buyers to leverage dips amid potential volatility from feedstock or demand changes.