Imported Acetic Acid in Kandla

Ethyl Acetate prices in India have risen by ₹0.5/kg, driven by higher ethanol and feedstock costs. Reduced production rates and increasing demand from paints and packaging are adding upward pressure. With Acetic Acid prices volatile and bulk buyers securing inventories, market conditions remain tight, signaling further price hikes ahead.

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.

Acetic Acid prices rose domestically by ₹1.5/kg, influenced by higher import costs, supply constraints, and surging FOB China prices. Domestic demand surged 26% in 2024, driven by new production capacities.

Mono Chloro Acetic Acid (MCAA) prices have increased by ₹3/kg due to rising Acetic Acid costs. Strong demand from agrochemical and pharmaceutical sectors, particularly for 2,4-D and Ibuprofen production, supports this trend. Indian manufacturers operate at high capacities, and experts predict continued price hikes amidst robust demand and elevated feedstock costs.

Acetic Acid prices in India have risen due to higher replacement costs driven by surging FOB China prices. While supply remains tight and producers face conversion losses, demand from dyes, pigments, and expanded production capacities is bolstering market activity. Upcoming Chinese New Year holidays may further disrupt supply chains.

Escalating conflict between Iran and Israel has significantly impacted domestic market dynamics today, leading to heightened market uncertainty. Shipments of methanol and toluene from Iran have been put on hold, triggering strong reactions within the market. As Iran is a key supplier, especially to China, which relies heavily on Iranian methanol for acetic acid production, supply disruptions are expected to challenge downstream sectors, including ethyl acetate and acetic anhydride, now under increased scrutiny and speculation.

Domestic hydrogen peroxide prices fell by ₹1/kg due to weak downstream demand and increased production. Key industries like textiles and pharmaceuticals continue to show sluggish demand. With ample supply and cautious buyer sentiment, prices are expected to remain under pressure, with further corrections likely in the near term.

Phenol prices have dropped by ₹2-3/kg due to increased imports, despite strong seasonal demand from plywood manufacturers. Ample supply and liquidation pressure keep the market bearish. Rising feedstock costs may push production expenses higher. Experts predict short-term price softness but suggest monitoring for potential rebounds due to upstream cost pressures.

Styrene Monomer prices showed minimal fluctuations due to weak buying trends. Rising benzene costs have increased production expenses, squeezing profit margins. Demand remains sluggish, particularly in EPS and 3S sectors. Meanwhile, supply remains stable despite maintenance activities. Market expectations indicate continued price consolidation, influenced by crude oil trends and benzene movements.