Chemicals
Chemicals are compounds formed when two or more substances undergo reactions. They play a key role in the production of plastics, pharmaceuticals, and cosmetics...
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Market Watch: Toluene Prices Decline as Industry Awaits Recovery (23rd-Jan-2025)
Toluene prices have slightly declined, reflecting bearish market sentiment and subdued demand in key industries like paints and coatings. While domestic production remains stable, imports continue to meet the majority of demand. Global crude oil and feedstock price fluctuations, coupled with plant turnarounds in Southeast Asia, are influencing market dynamics.
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Vinyl Acetate Monomer Market Gains Momentum with Rising Prices and Seasonal Demand Uptick
Vinyl Acetate Monomer (VAM) prices in India rose by ₹2/kg due to higher feedstock costs and robust downstream demand. Supply constraints from limited shipments and INEOS's plant shutdown added upward pressure. Domestic VAM production resumed, reducing some import dependency. Seasonal growth in paints, coatings, and adhesives boosted market sentiment.
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GNFC Raises Acetic Acid Prices on Tight Supply and Lunar New Year Disruptions
Acetic Acid prices surged to ₹40.50/kg as GNFC raised prices amid higher Methanol costs and robust downstream demand. Limited vessel availability and plant shutdowns are tightening supply, while growing demand from Acetyl product expansions drives bullish market sentiment. Importers and manufacturers brace for potential further increases, intensifying market volatility.
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