Methylene Dichloride (MDC)
Methylene dichloride (MDC) is also known as dichloromethane. It is a volatile and colourless liquid commonly used as a solvent in various industries, like pharm...
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Daily Market Report
Declining MDC Prices Amid Weaker Demand and Increased Supply
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.
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MDC Prices See Decline Amid Ample Supply and Surging Competition
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.
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Rising Methanol Costs and Southern Plant Resumptions Drive MDC Market Uncertainty
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.
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