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...
MEK Bytes
Daily Market Report
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Hydrogen Peroxide Prices Drop Amid Weak Demand & Rising Production
Domestic hydrogen peroxide prices fell by ₹1/kg due to weak downstream demand and increased production. Key industries like textiles and pharmaceuticals continue to show sluggish demand. With ample supply and cautious buyer sentiment, prices are expected to remain under pressure, with further corrections likely in the near term.
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Despite Seasonal Demand, Indian Phenol Prices Dip as Imports Flood the Market
Phenol prices have dropped by ₹2-3/kg due to increased imports, despite strong seasonal demand from plywood manufacturers. Ample supply and liquidation pressure keep the market bearish. Rising feedstock costs may push production expenses higher. Experts predict short-term price softness but suggest monitoring for potential rebounds due to upstream cost pressures.
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Styrene Market Faces Pressure Amid Cost Challenges and Weak Demand
Styrene Monomer prices showed minimal fluctuations due to weak buying trends. Rising benzene costs have increased production expenses, squeezing profit margins. Demand remains sluggish, particularly in EPS and 3S sectors. Meanwhile, supply remains stable despite maintenance activities. Market expectations indicate continued price consolidation, influenced by crude oil trends and benzene movements.
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Acetyl Market Struggles Amid Rising Ethanol Costs & Surging Ethyl Acetate Deman
Ethyl Acetate prices in India have risen by ₹0.5/kg, driven by higher ethanol and feedstock costs. Reduced production rates and increasing demand from paints and packaging are adding upward pressure. With Acetic Acid prices volatile and bulk buyers securing inventories, market conditions remain tight, signaling further price hikes ahead.
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Indian N-Butyl Acetate Market Turns Bullish on Firm Demand, Tightening Supplies
N-Butyl Acetate prices have been revised upwards by importers, rising by ₹1/kg to ₹87++ per kg ex-Kandla on 60-day credit terms. Accord Organics, a key domestic producer, has also increased its base price by ₹1/kg, now offering at ₹87.00++ per kg ex-Ahmednagar on advance payment terms.
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Indian Acetone Market Sees Price Correction Amid Weak Bulk Drug Demand
Acetone prices in India declined slightly due to weak demand from bulk drug manufacturers and lower replacement costs for importers. While the pharmaceutical sector saw a slowdown, demand from the paints, coatings, and diacetone alcohol sectors remained stable. Global crude oil and feedstock price trends continue to influence market sentiment.
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Bearish Sentiment Weighs on Indian Hydrogen Peroxide Market as Buyers Stay Cautious
Hydrogen peroxide prices dropped ₹2/kg due to weak demand from textiles & pharma and high domestic production. India's 34 kt monthly demand remains below 39 kt production capacity. Global factors, including crude oil & gas price fluctuations, add uncertainty, keeping the market bearish for February. Further price declines possible.
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Indian Niacinamide Prices Surge Amid Rising Exports and Strong Personal Care Demand
Niacinamide prices rose by ₹5/kg due to strong demand and higher exports. Jubilant Ingrevia’s new 5,000 MT facility is expected to reshape supply dynamics. With India’s demand growing at 6.9% CAGR, prices may remain firm but could correct as additional supply enters the market. Buyers should monitor trends carefully.
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Indian Methanol Market Sees Price Increase Amid Upstream Pressure and Supply Concerns
Methanol prices in India rose due to supply disruptions from Iran and Malaysia, rising natural gas costs, and increased demand post-Lunar New Year. While supply remained stable in early February, future shortages could drive further price hikes. Industrial buyers, especially in the formaldehyde and resin sectors, are influencing market volatility.
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Daily Market Report
Hydrogen Peroxide Prices Drop Amid Weak Demand & Rising Production
Domestic hydrogen peroxide prices fell by ₹1/kg due to weak downstream demand and increased production. Key industries like textiles and pharmaceuticals continue to show sluggish demand. With ample supply and cautious buyer sentiment, prices are expected to remain under pressure, with further corrections likely in the near term.
Read Story
Despite Seasonal Demand, Indian Phenol Prices Dip as Imports Flood the Market
Phenol prices have dropped by ₹2-3/kg due to increased imports, despite strong seasonal demand from plywood manufacturers. Ample supply and liquidation pressure keep the market bearish. Rising feedstock costs may push production expenses higher. Experts predict short-term price softness but suggest monitoring for potential rebounds due to upstream cost pressures.
Read Story
Styrene Market Faces Pressure Amid Cost Challenges and Weak Demand
Styrene Monomer prices showed minimal fluctuations due to weak buying trends. Rising benzene costs have increased production expenses, squeezing profit margins. Demand remains sluggish, particularly in EPS and 3S sectors. Meanwhile, supply remains stable despite maintenance activities. Market expectations indicate continued price consolidation, influenced by crude oil trends and benzene movements.
Read Story
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