Methyl Ethyl Ketone (MEK)
Methyl ethyl ketone (MEK), also known as butanone, is a colourless liquid with a sweet odour. It is a highly efficient solvent known for its rapid evaporation r...
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Price Correction Hits Indian MEK Market; Seasonal Recovery Expected Post-April
MEK import prices in India dropped by ₹3/kg to ₹88.50/kg (Ex-Kandla, 30-day credit), driven by weak downstream demand and ample inventories. Domestic Cetex prices stand at ₹90–92/kg (Ex-Chennai). Market sentiment remains cautious, though steady demand from printing inks and packaging sectors may stabilize prices post-April.
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Indian MEK Market Sees Price Correction on Lower Replacement Costs
MEK prices in India dropped due to weak market sentiment and financial year-end sluggishness. While short-term prices remain under pressure, demand from printing inks and packaging sectors may support recovery post-March 2025.
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India Holds Firm as Sanctions Reshape Asia’s Methanol Trade
Methanol markets across Asia remained muted this week. India stood out as the strongest netback market, with sanctions on Iranian cargoes tightening availability and keeping prices firm near ₹30/kg despite cautious demand during a festive lull. Non-sanctioned sellers are largely sold out for September, leaving October offers pending, while global production shortfalls and diverted cargoes continue to shape regional trade flows.
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Backwardation Benzene Futures Hint at Bearish Sentiment for Toluene Ahead
Domestic toluene prices rose by ₹1/kg amid thin festive trading and limited supply. Demand from pharma, paints, and coatings stayed weak due to monsoon disruptions. Imports are expected to ease tightness later in August. Refinery margins remain pressured, while Asian benzene futures signal bearish sentiment, keeping the medium-term outlook cautious.
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US Crackdown on Artificial Food Dyes Spurs Curcumin Demand as Heavy Monsoons Pressure Indian Turmeric Yields
Curcumin prices surged 8–9% this week on supply disruptions from heavy monsoons and firm demand from pharma and nutraceuticals. Regulatory shifts, including the U.S. crackdown on artificial dyes, are driving global adoption of Curcumin E100. With tight feedstock availability and bullish fundamentals, buyers are advised to secure inventories early.
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Acetic Acid Holding Firm For Now; Methanol Crunch and Demand Revival Set Stage for Surge
Indian Acetic Acid prices remain stable despite downstream price adjustments and feedstock concerns. Methanol supply risks from U.S. sanctions on Iranian exporters could tighten availability and push costs higher. Post-monsoon demand from VAM and pharma segments may support prices, making this a good window for strategic inventory building.
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US Ban on Iranian Methanol Importers Fuels Global Price Spike, Lifts MDC on Feedstock Crunch
Indian MDC prices jumped ₹4.50/kg in a week, supported by surging methanol feedstock costs after U.S. sanctions on Iranian-origin imports. Supply in the West is tight, while the South operates at full capacity. Despite weak downstream demand, prices are likely to remain bullish due to persistent feedstock shortages and sanctions risk.
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Domestic Acetic Acid Prices Firm on Local Buying, Despite Weak Global Benchmarks
Acetic Acid prices increased marginally despite global softness, driven by a weak rupee and aggressive procurement from key Indian buyers. Domestic supply remains ample, but pharma sector demand is subdued. Seasonal uptick from other sectors and ADD impact on Acetonitrile may offer short-term support. Market outlook remains volatile.
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Deepak Phenolics Shutdown Speculation, Rising Imports Weigh on Acetone Market
Acetone prices declined ₹2/kg this week due to weak downstream demand and rising imports. Domestic supply remains stable, but the pharma and coatings sectors saw reduced offtake. Global feedstock trends and OPEC’s crude output hike added bearish pressure. Market sentiment remains weak, with buyers advised to limit inventory.
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