Imported Acetic Acid in Kandla

Acetonitrile prices come down to ₹128/kg, ex-Mumbai after importers reduced prices by ₹2/kg. However, W-o-W Acetonitrile prices have dropped by nearly ₹6/kg. Check more chemical market updates, latest prices and other news in the report below.

Bulk transactions were recorded in the range of ₹37.00++ per kg ex-Mumbai and ₹36.50++ per kg ex-Kandla, both on 60-day credit terms. The price hike is largely attributed to a resurgence in demand, following the restart of operations by most manufacturers in Gujarat and the southern regions, which recent floods had impacted.

Importers have reduced Acetic Acid prices today by ₹1/kg, bringing them to ₹36++ per kg ex-Mumbai on advance payment terms for end users. Traders are offering prices at ₹37++ per kg ex-Mumbai on advance payment terms. In Kandla, Acetic Acid offers are at ₹35++ per kg on advance payment terms, and ₹36++ per kg for 60-day credit terms.

Importers have reduced the price of Acetic Acid today by ₹1/kg, bringing it to ₹35++ Ex-Kandla and ₹37.00++ Ex-Mumbai on advance payment terms. Bulk buyers showed interest at ₹33++ Ex-Kandla and ₹35++ Ex-Mumbai on advance payment terms.

In the domestic market, VAM prices have witnessed a ₹2/kg increase, now quoted at ₹68/kg ex-Kandla for direct consumers on 60-day payment terms. Importers offer slightly higher rates to traders at ₹68.50/kg ex-Kandla under similar 60-day credit conditions.

The domestic prices for Phenol, Acetone, and IPA have seen a sharp increase following the announcement of a planned maintenance shutdown at Deepak Phenolics' plant, which is scheduled to take place from 10th to 25th October 2024. Currently, import offers for Phenol have risen to ₹105/kg (Ex-Kandla), marking a ₹2/kg increase on an advance payment basis. Acetone prices have also climbed by ₹2/kg, now priced at ₹83/kg (Ex-Mumbai) and ₹82.50/kg (Ex-Kandla) under similar payment terms.

In the domestic market, Methyl Amines prices have decreased by ₹1/kg, despite an uptick in feedstock methanol prices. Current offers for Mono Methyl Amine (MMA) 40% stand at ₹52++/kg, Di Methyl Amine (DMA) at ₹59++/kg, on advance payment terms. Several traders observed that domestic manufacturers like Balaji Amines and Alkyl Amines offered more competitive prices compared to imports, making them a preferred choice for buyers.

Today, GNFC, a domestic manufacturer, reduced Aniline prices by INR 4/kg to INR 145++ for tanker load, while barrel pack prices were at INR 158++ ex-Bharuch on advance payment terms. Importer and trader offers were lower, at INR 140++ ex-Mumbai and Kandla.

Methanol prices have increased by importers by ₹0.25/kg, reaching ₹28.50++ Ex Kandla and ₹28.75++ Ex Mumbai on 60-day payment terms. Trader offers were even higher, at ₹29.00++ Ex Mumbai and ₹28.75++ Ex Kandla, also on 60-day credit terms.