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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Acetic Acid Price Correction Continues Amid Oversupply, Weak Demand, and BIS Withdrawal
Domestic Acetic Acid prices have softened by ₹0.5/kg, now quoted at ₹31.75++/kg Ex-Kandla and ₹32.00++/kg Ex-Mumbai for advance payment terms. For bulk volumes with 90-day credit applicable for July and August liftings, rates are at ₹32.50++/kg Ex-Kandla and ₹32.75++/kg Ex-Mumbai.
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Domestic Methanol Eases as BIS Rollback Sparks Supply Sentiment Shift
Domestic methanol prices dropped marginally after the BIS certification withdrawal. Weak downstream demand and lower replacement costs are pressuring prices. Despite steady supply, port inventories are rising due to slow offtake. Global prices show slight strength, but Indian buyers are advised to remain cautious amid a potential supply surge.
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MIBK Market Under Pressure Amid Falling Replacement Costs and Ample Supply
MIBK prices declined ₹1/kg this week due to high port inventories, weak downstream demand, and falling replacement costs. While demand from paints and packaging remains low, rubber and bulk drug sectors show early signs of revival. Deepak Phenolics’ entry may alter domestic supply dynamics by Q3 2025.
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Domestic Toluene Market Strengthens Despite Weak Downstream Demand
Despite weak downstream demand, domestic toluene prices in India rose ₹2/kg this week, tracking a sharp global crude oil rally. While pharma demand offers some support, monsoon-led slowdowns continue to affect paints, coatings, and packaging segments. Rising crude prices and tight refinery margins could drive further price volatility.
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Acetic Acid Prices Crash 12% in India Amid Weak Demand and Cheaper Imports
Acetic Acid prices in India dropped 12% amid weak downstream demand, monsoon disruptions, and cheaper Chinese imports. International prices also declined, with spot deals as low as ₹28/kg. While demand from Acetonitrile and dye sectors offers limited support, overall sentiment remains bearish, with further price corrections likely in the short term.
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Acetone Market Turns Bearish as Domestic Run Rates Improve and Imports Rise
Acetone prices fell by ₹3/kg amid improved domestic production, steady import arrivals, and sluggish downstream demand. Paints, IPA, and DAA segments remain weak, while upcoming pharma sector demand could provide limited support. With bearish feedstock trends and rising availability, prices are expected to stay soft in the short term.
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Toluene Market Bearish on Crude Crash, Weak Coating Demand, and Eased Mideast Tensions
Toluene prices fell ₹2/kg amid weak demand from paints and coatings sectors and improved domestic supply. Stabilizing Middle East tensions and rising US crude inventories have further weighed on sentiment. Although pharma-related demand offers limited support, refining margins remain under pressure. A price recovery appears unlikely in the short term.
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