Domestic MDC in Dahej

Methylene Dichloride (MDC) prices declined slightly due to increased supply and reduced demand. In China, prices dropped from 2960 RMB/ton on November 24 to 2850 RMB/ton on November 26. Indian prices remained stable at ₹37/kg. Seasonal demand surged in industries like paints, coatings, and adhesives.

MDC prices have dropped by ₹2/kg due to slowing demand and high inventories. Intense competition among domestic manufacturers, particularly with new entrant Sreyas Industries, has further pressured prices. India’s MDC consumption is steady, though a demand recovery is anticipated in FY 2024-25. Mixed price trends are expected, with high production costs and potential price volatility.

A sharp surge in the Asian benchmark, marked by CFR China methanol prices, has been attributed to the ongoing tensions between Iran and Israel, projecting higher methanol costs. Consequently, the market anticipates a rebound in the MDC market. Domestic manufacturers in the western region are currently offering higher prices, at ₹36++ ex-plant for bulk deals and ₹38++ ex-plant for spot deals to traders and small to medium consumers for October shipments.

Domestic methylene dichloride (MDC) prices saw a slight decrease today, driven by weaker demand from the pharmaceutical sector, while supply remains stable with moderate production rates from domestic manufacturers. Spot prices have dropped by ₹0.5/kg, with current levels standing at ₹33.00/kg Ex-Dahej and ₹34.50/kg Ex-Kurnool, on 60-day payment terms.

Methylene Dichloride (MDC) prices in the domestic market have risen sharply, driven by increased demand and supply constraints stemming from reduced production rates in the western region due to heavy rainfall.

Domestic methylene dichloride (MDC) prices have surged, driven by robust demand from the bulk drug sector. On an advance payment basis, spot prices have risen by Rs 1/kg, now standing at Rs 36/kg Ex Dahej and Rs 34/kg Ex Kurnool.

The MTBE (Methyl Tertiary-Butyl Ether) market is experiencing a price increase driven by rising feedstock costs, particularly methanol futures. Domestic manufacturers, importers, and traders have all adjusted their rates accordingly. Despite subdued demand in the pharmaceutical sector, prices remain elevated, with future demand expected to rebound post-December 2024 events.

This week, Ethanol amine prices dropped by nearly 3%, tracking a decline in feedstock Ethanol and Ammonia prices. Importers are offering Mono Ethyl Amine (MEA) at ₹105++/kg Ex-Mumbai (ISO Tank) and ₹123++/kg Ex-Mumbai (Barrel) on advance payment terms. Domestic manufacturers have also reduced their prices, according to a leading trader.

Toluene prices in India have increased by ₹3/kg, driven by a rebound in crude oil and naphtha prices, as well as strong demand from the paints, coatings, and pharmaceutical sectors. Supply constraints, coupled with positive spreads in BTX components, suggest a further potential price hike of $70/MT in the near term. India’s Toluene demand is largely met through imports, with domestic production contributing only 16.8%.