Imported Acetone in Kandla

Importers have increased the price of Acetone by ₹1/kg to ₹80.50/kg (Ex-Kandla) on 60-day credit terms. Authorized dealers of domestic manufacturer Deepak Phenolics are offering prices at ₹81.00/kg (Ex-Dahej) on advance payment terms. Trader offers are also higher, ranging from ₹80.00/kg (Ex-Mumbai) to ₹81.50/kg (Ex-Dahej) on advance payment terms.

Acetic acid prices may remain mixed this week due to consistent vessel arrivals and weak demand from ethyl acetate and bulk drug industries. Recently importers hiked acetic acid price by ₹0.5/kg.

Importers have reduced the acetone price by ₹3/kg to ₹84.50/kg (Ex-Kandla) on 60-day credit terms. Authorized dealers of domestic manufacturer Deepak Phenolics are offering prices at ₹84.00/kg (Ex-Dahej) on advance payment terms.

Importers have reduced Acetone prices by ₹1/kg to ₹88++ Ex-Kandla and ₹90++ Ex-Mumbai, on 60 days credit terms. In the South, importers are offering Acetone at ₹94.25++ Ex-Vizag and ₹96.50++ Ex-Chennai, also on 60 days credit 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.