Imported Melamine in Mundra

The melamine market is experiencing downward pricing trends due to oversupply and reduced demand in downstream industries. New production capacities and restored operations of previously offline facilities are intensifying the supply-demand imbalance. Coupled with declining raw material costs, these factors create a challenging outlook for the market.

Importers of DEG have raised prices by ₹2.5/kg, bringing the new rate to ₹58.50++ Ex-Hazira on 60-day payment terms.Meanwhile, domestic manufacturers have maintained stable pricing

Domestic Vinyl Acetate Monomer (VAM) prices rose by ₹2/kg this week, driven by seasonal demand from paints and adhesives sectors and higher raw material costs. India’s VAM market, reliant on imports, sees increased trading activity and a demand surge from downstream applications like VAE-based paints.

Methanol prices in India surged by ₹1/kg this week, driven by constrained supply from Iran, rising replacement costs, and the Indian Rupee hitting a record low of ₹85.09/USD. Demand remains mixed, with formaldehyde showing slight recovery. Buyers are advised to leverage price dips amidst a speculative market.

Acetic Acid prices in India have risen due to higher replacement costs driven by surging FOB China prices. While supply remains tight and producers face conversion losses, demand from dyes, pigments, and expanded production capacities is bolstering market activity. Upcoming Chinese New Year holidays may further disrupt supply chains.

Cyclohexane prices have risen in the Indian market, reaching ₹93++ per kg (Ex-Hazira) on a 60-day credit term. Domestic production remains robust, but limited imports and rising upstream costs are adding pressure. Demand for downstream products like Nylon 6 stays stable, supporting price trends amidst supply constraints.

The prices of N Butyl Acetate have risen due to tightening supplies and robust seasonal demand from the paints and coatings sector. Both domestic producers and importers have adjusted their prices upward. While global FOB China prices show a decline, Indian demand is expected to stay strong until mid-2025.

Bulk transactions in the Mumbai market are reportedly taking place in the range of ₹63–64/kg, with a 90-day credit period, according to a leading pharma industry buyer. Compared to last week, Acetone prices have risen by approx. ₹1/kg, primarily driven by improved market sentiment and an uptick in feedstock costs.

Methanol prices in India rose this week despite high port inventories, driven by a rebound in methanol futures. In China, CFR Methanol and FOB Acetic Acid prices neared parity, reflecting narrowing price dynamics.