Ethyl Acetate
Ethyl Acetate is a solvent majorly used in paint, coating, and adhesives industries and a cleansing agent due to its ability to dissolve a wide range of substan...
Ethyl Acetate Bytes
Daily Market Report
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Acetyl Market Struggles Amid Rising Ethanol Costs & Surging Ethyl Acetate Deman
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.
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India’s Ethyl Acetate Market Tightens Amid January-February Export Surge
The domestic acetyl market turned bullish in the second half of December 2024, driven by strong downstream demand and a surge in export activities. Accordd Organics Pvt Ltd, a leading acetyl manufacturer in India, has priced Ethyl Acetate at ₹68++ per kg ex-Ahmednagar on advance payment terms.
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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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Indian Niacinamide Prices Ease Amid Weak Personal Care Demand, Export Slowdown
Niacinamide prices dropped by ₹100/kg this week due to weak export demand and slow domestic consumption. Seasonal demand fluctuations and financial year-end closures further impacted trading activity. However, supply remains stable, supported by Jubilant Ingrevia’s expanded production capacity in Gujarat. With India’s Niacinamide demand growing at 6.9% CAGR, market dynamics are expected to shift.
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Indian MX Prices Decline on Weak Demand; Seasonal Recovery Expected in April
Mixed Xylene (MX) prices dropped by ₹3/kg due to reduced replacement costs and weak downstream demand ahead of fiscal year-end. Despite healthy supply levels, demand from sectors like paints and coatings has slowed. However, seasonal demand is expected to rebound in April, potentially supporting prices.
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Indian Sodium Methoxide Market Sees Price Correction Amid Biodiesel Slowdown
Sodium Methoxide prices have decreased by ₹1 per kg amid a slowdown in biodiesel production and fiscal year-end lulls. The supply remains stable, but unfavorable economics challenge manufacturers. Industry experts suggest a cautious approach due to fluctuating market conditions.
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Toluene Prices Decline as Benzene Future Contracts Weaken; FY Closing Slows Market Activity
Toluene prices dropped by ₹5/kg amid bearish sentiment and declining benzene contracts. Despite stable supply, year-end inventory caution dampened demand. The naphtha-to-toluene spread fell below breakeven, while favorable benzene spreads offered some relief. Seasonal demand from paints and coatings may support prices post-March, though overall market outlook remains cautious.
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Indian IPA Market Faces Bearish Sentiment on High Stocks, Year-End Slowdown
IPA prices have declined sharply amid high port inventories and sluggish downstream demand. Importers are facing liquidation pressure, while domestic producers maintain stable prices. Bulk buyers seek lower rates for April. With reduced consumption from pharma manufacturers and ongoing financial year-end stock adjustments, bearish market sentiment is expected to persist.
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Manufacturers Push MDC Price Hike, But Market Struggles with Low Demand
MDC prices have increased, with manufacturers raising offers despite weak demand. Domestic supply is abundant due to increased production capacity from TGV SRAAC and the new entry of Sreyas. However, demand from the active pharmaceutical ingredient (API) sector remains low. The market is expected to remain volatile, with price stability dependent on manufacturer coordination and inventory management.
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