Imported BAM Bulk in Kandla

Butyl Acrylate Monomer (BAM) prices increased by ₹2/kg, driven by robust demand from paints and coatings. India's BAM demand stands at 20 kt/month, with BPCL supplying 15 kt. Seasonal demand recovery is expected to sustain strong momentum until May 2025, while higher feedstock prices could further influence BAM price dynamics.

Acetic Anhydride prices declined by ₹1/kg due to weaker feedstock costs and broad market sentiment. However, rising demand from the pharmaceutical sector—especially Paracetamol production—has helped limit further downside. While supply remains ample, seasonal agrochemical demand and pharma consumption are expected to stabilize prices in the short to medium term.

Track daily ethyl acetate prices across India. Follow trade deals, plant status, and import-export trends shaping India’s ethyl acetate market.

Get daily methanol price updates across India. Track port-wise rates at Kandla and Mumbai, import deals, supply trends, and expert trade insights. Stay updated on methanol market activity in real time.

Domestic producer GNFC reduced Aniline prices by ₹6/kg to ₹117.50/kg (Ex-Bharuch), prompting importers to cut rates by ₹3.5/kg. Prices reflect falling Nitrobenzene costs and weak demand from dye and pigment sectors. Supply remains steady with ample inventories, but downstream segments show sluggish activity. Experts expect prices to stay under pressure, recommending buyers to leverage dips amid potential volatility from feedstock or demand changes.

Toluene prices rose by ₹0.5/kg in India, tracking a crude oil spike. However, downstream demand remains weak, with traders cautious due to OPEC+’s planned output hike. Tight refinery margins and low bulk demand signal potential for a price correction. Short-term sentiment is bearish; buyers should monitor feedstock trends closely.

Indian methanol prices dropped ₹0.50/kg despite limited inventories and early-month demand. Weak downstream consumption and low-cost Iranian cargoes drove the correction. However, rising Asian benchmarks and firming crude may soon reverse the trend. Buyers are advised to stock up as demand from formaldehyde and pharma may strengthen in June.

Styrene Monomer prices strengthened across Asia despite weak crude trends, with Indian bulk imports priced at ₹82/kg. Domestic Styrene Copolymer markets remained subdued in April, but demand is expected to rebound from June. Upstream benzene prices firmed up, while traders anticipate steady price hikes due to seasonal demand and tighter supply.

The Indian Pyridine market showed a mixed trend this week. While 2-Picoline prices remained supported by seasonal agrochemical demand, 3-Picoline saw price weakness due to subdued Niacinamide consumption. Jubilant Life Sciences ramped up Niacinamide output, potentially increasing supply. Overall sentiment remains cautious, with selective downstream sectors driving demand.