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.

Ethanol amine prices increased by 1%, driven by rising downstream demand and feedstock cost hikes. MEA demand remains strong in pharmaceuticals despite reduced Ranitidine use. Ample supply and seasonal demand in agrochemicals and personal care sectors will stabilize the market in the near term.

In the domestic market, Styrene Monomer prices have seen a decline of ₹1/kg, driven by weak trends in upstream crude oil and naphtha markets. The supply remains moderate due to sluggish inventory liquidation and reduced production rates by downstream manufacturers. India's monthly demand for Styrene Monomers is fully reliant on imports, with key sectors including Expanded Polystyrene (EPS) and Styrene-Butadiene Rubber.

The Indian chemical market witnessed price increases in Caustic Soda Flakes and Lye today due to robust demand from downstream industries such as paper and aluminum manufacturing. Supply constraints persist as domestic manufacturers operate at reduced production rates.