Acetic Acid
As its name suggests, acidic acid is an organic compound that is colorless and acidic. Acetic acid is mainly derived from methanol via the carbonylation. The la...
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Daily Market Report
Daily Market Report
Escalating Iran-Israel Tensions Drive Up Methanol, Acetic Acid, Ethyl Acetate and Toluene Prices Amid Supply Uncertainty
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.
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Deepak Phenolics Resumes Operations; Indian Phenol Prices See Price Correction
Phenol prices have softened this week due to increased supply, weak upstream market trends, and bearish sentiment. Domestic production has resumed, ensuring stable supply levels. Seasonal demand recovery from plywood manufacturers is expected to offset current price pressures partially.
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Melamine Market Faces Downward Pressure from Oversupply, Weak Demand
The melamine market is experiencing downward pricing trends due to oversupply and reduced demand in downstream industries. New production capacities and restored operations of previously offline facilities are intensifying the supply-demand imbalance. Coupled with declining raw material costs, these factors create a challenging outlook for the market.
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