Imported DMF in Mumbai

Importers have recently reduced the price of DMF by ₹3/kg, bringing it to ₹64++ per kg for Ex-Mumbai barrels and ₹62++ per kg for Ex-Mumbai ISO tanker loads. Bulk deals were recorded in the range of ₹60.00-61.00++ per kg on a 90-day LC basis for October lifting. Traders and brokers offered prices between ₹64.00-65.00++ per kg for intact barrels Ex-Hazira and Mumbai on 60 days' credit.

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.

Toluene prices witnessed a reduction driven by lower crude oil and naphtha costs, while the demand outlook for December appears optimistic due to seasonal factors and growing requirements in pharmaceutical and coatings sectors. Global feedstock trends and production dynamics further influenced the market, signaling potential bullish movements in the coming weeks.

MDC prices have dropped by ₹2/kg due to weak demand, cheaper imports, and rising inventories. Domestic manufacturers face competition intensified by Sreyas Industries' re-entry, while feedstock cost pressures limit price flexibility.

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.

Importers of DEG have raised prices by ₹2.5/kg, bringing the new rate to ₹58.50++ Ex-Hazira on 60-day payment terms.Meanwhile, domestic manufacturers have maintained stable pricing

Domestic Vinyl Acetate Monomer (VAM) prices rose by ₹2/kg this week, driven by seasonal demand from paints and adhesives sectors and higher raw material costs. India’s VAM market, reliant on imports, sees increased trading activity and a demand surge from downstream applications like VAE-based paints.

Methanol prices in India surged by ₹1/kg this week, driven by constrained supply from Iran, rising replacement costs, and the Indian Rupee hitting a record low of ₹85.09/USD. Demand remains mixed, with formaldehyde showing slight recovery. Buyers are advised to leverage price dips amidst a speculative market.

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.