Methanol
Methanol is a type of colorless volatile alcohol that is produced primarily from natural gas. It is a significant chemical used as an industrial solvent in vari...
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Daily Market Report
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Firm Formaldehyde Demand Boosts Methanol Market Sentiment
Methanol prices have increased by importers by ₹0.25/kg, reaching ₹28.50++ Ex Kandla and ₹28.75++ Ex Mumbai on 60-day payment terms. Trader offers were even higher, at ₹29.00++ Ex Mumbai and ₹28.75++ Ex Kandla, also on 60-day credit terms.
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Methanol Price Show Upward Trend Due to Increased Buying Activity from Manufacturers
Prices of methanol chemical have increased at different locations. The price hike is caused by the increased purchases from formaldehyde manufacturers.
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VAM Prices Climb ₹2/kg, Demand Set to Strengthen Post-Festive Season
In the domestic market, VAM prices have witnessed a ₹2/kg increase, now quoted at ₹68/kg ex-Kandla for direct consumers on 60-day payment terms. Importers offer slightly higher rates to traders at ₹68.50/kg ex-Kandla under similar 60-day credit conditions.
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Deepak Phenolics Shutdown Boosts Domestic Prices Amid Weak Demand
The domestic prices for Phenol, Acetone, and IPA have seen a sharp increase following the announcement of a planned maintenance shutdown at Deepak Phenolics' plant, which is scheduled to take place from 10th to 25th October 2024. Currently, import offers for Phenol have risen to ₹105/kg (Ex-Kandla), marking a ₹2/kg increase on an advance payment basis. Acetone prices have also climbed by ₹2/kg, now priced at ₹83/kg (Ex-Mumbai) and ₹82.50/kg (Ex-Kandla) under similar payment terms.
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Weak Pharma Demand Keeps Methyl Amines Prices Mixed; Agro Demand Expected to Rebound
In the domestic market, Methyl Amines prices have decreased by ₹1/kg, despite an uptick in feedstock methanol prices. Current offers for Mono Methyl Amine (MMA) 40% stand at ₹52++/kg, Di Methyl Amine (DMA) at ₹59++/kg, on advance payment terms. Several traders observed that domestic manufacturers like Balaji Amines and Alkyl Amines offered more competitive prices compared to imports, making them a preferred choice for buyers.
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GNFC Cuts Aniline Prices - Feedstock Trends and Seasonal Demand Shape Future Outlook
Today, GNFC, a domestic manufacturer, reduced Aniline prices by INR 4/kg to INR 145++ for tanker load, while barrel pack prices were at INR 158++ ex-Bharuch on advance payment terms. Importer and trader offers were lower, at INR 140++ ex-Mumbai and Kandla.
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Rising Methanol Costs and Southern Plant Resumptions Drive MDC Market Uncertainty
A sharp surge in the Asian benchmark, marked by CFR China methanol prices, has been attributed to the ongoing tensions between Iran and Israel, projecting higher methanol costs. Consequently, the market anticipates a rebound in the MDC market. Domestic manufacturers in the western region are currently offering higher prices, at ₹36++ ex-plant for bulk deals and ₹38++ ex-plant for spot deals to traders and small to medium consumers for October shipments.
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Ethyl Acetate Prices Remain Bullish: Supply Constraints and Rising Feedstock Costs
Domestic manufacturers have increased the price of ethyl acetate by Rs 4/kg over two consecutive days, reaching Rs 70.00/kg on an ex-Supa basis, as offered by Accord Organics on advance payment terms for October shipments.
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Acetone Prices Surge Amid Geopolitical Tensions and Upstream Rebound
Importers have increased the price of Acetone by ₹1/kg to ₹80.50/kg (Ex-Kandla) on 60-day credit terms. Authorized dealers of domestic manufacturer Deepak Phenolics are offering prices at ₹81.00/kg (Ex-Dahej) on advance payment terms. Trader offers are also higher, ranging from ₹80.00/kg (Ex-Mumbai) to ₹81.50/kg (Ex-Dahej) on advance payment terms.
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Daily Market Report
Firm Formaldehyde Demand Boosts Methanol Market Sentiment
Methanol prices have increased by importers by ₹0.25/kg, reaching ₹28.50++ Ex Kandla and ₹28.75++ Ex Mumbai on 60-day payment terms. Trader offers were even higher, at ₹29.00++ Ex Mumbai and ₹28.75++ Ex Kandla, also on 60-day credit terms.
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Methanol Price Show Upward Trend Due to Increased Buying Activity from Manufacturers
Prices of methanol chemical have increased at different locations. The price hike is caused by the increased purchases from formaldehyde manufacturers.
Read Story
VAM Prices Climb ₹2/kg, Demand Set to Strengthen Post-Festive Season
In the domestic market, VAM prices have witnessed a ₹2/kg increase, now quoted at ₹68/kg ex-Kandla for direct consumers on 60-day payment terms. Importers offer slightly higher rates to traders at ₹68.50/kg ex-Kandla under similar 60-day credit conditions.
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