Melamine
Melamine is a versatile chemical compound primarily used in the production of laminates, adhesives, and resins. It is widely recognized for its ability to form ...
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Melamine Market Steady Amid Supply Surge and Demand Weakness
The melamine market is witnessing stable prices, with slight fluctuations in the Asian benchmark. Oversupply persists due to increased production capacity, while weak downstream demand, impacted by the real estate slowdown, limits significant price changes. Adjustments in supply and potential policy shifts in real estate may influence future demand recovery.
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Indian Niacinamide Prices Ease Amid Weak Personal Care Demand, Export Slowdown
Niacinamide prices dropped by ₹100/kg this week due to weak export demand and slow domestic consumption. Seasonal demand fluctuations and financial year-end closures further impacted trading activity. However, supply remains stable, supported by Jubilant Ingrevia’s expanded production capacity in Gujarat. With India’s Niacinamide demand growing at 6.9% CAGR, market dynamics are expected to shift.
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Indian MX Prices Decline on Weak Demand; Seasonal Recovery Expected in April
Mixed Xylene (MX) prices dropped by ₹3/kg due to reduced replacement costs and weak downstream demand ahead of fiscal year-end. Despite healthy supply levels, demand from sectors like paints and coatings has slowed. However, seasonal demand is expected to rebound in April, potentially supporting prices.
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Indian Sodium Methoxide Market Sees Price Correction Amid Biodiesel Slowdown
Sodium Methoxide prices have decreased by ₹1 per kg amid a slowdown in biodiesel production and fiscal year-end lulls. The supply remains stable, but unfavorable economics challenge manufacturers. Industry experts suggest a cautious approach due to fluctuating market conditions.
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Toluene Prices Decline as Benzene Future Contracts Weaken; FY Closing Slows Market Activity
Toluene prices dropped by ₹5/kg amid bearish sentiment and declining benzene contracts. Despite stable supply, year-end inventory caution dampened demand. The naphtha-to-toluene spread fell below breakeven, while favorable benzene spreads offered some relief. Seasonal demand from paints and coatings may support prices post-March, though overall market outlook remains cautious.
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Indian IPA Market Faces Bearish Sentiment on High Stocks, Year-End Slowdown
IPA prices have declined sharply amid high port inventories and sluggish downstream demand. Importers are facing liquidation pressure, while domestic producers maintain stable prices. Bulk buyers seek lower rates for April. With reduced consumption from pharma manufacturers and ongoing financial year-end stock adjustments, bearish market sentiment is expected to persist.
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Manufacturers Push MDC Price Hike, But Market Struggles with Low Demand
MDC prices have increased, with manufacturers raising offers despite weak demand. Domestic supply is abundant due to increased production capacity from TGV SRAAC and the new entry of Sreyas. However, demand from the active pharmaceutical ingredient (API) sector remains low. The market is expected to remain volatile, with price stability dependent on manufacturer coordination and inventory management.
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Methanol Prices Drop as Iranian Supply Resumes, Demand Remains Weak
Methanol prices dropped by ₹4/kg week-on-week due to weak demand and resumed Iranian production. Imports are quoted at ₹34.00-₹35.00/kg across ports. While formaldehyde demand remains steady, bulk drug manufacturers cut consumption sharply. Market experts anticipate further corrections as supply increases. Buyers should exercise caution in inventory decisions.
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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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