Methyl Isobutyl Ketone (MIBK)
Methyl Isobutyl Ketone (MIBK) is a widely used solvent known for its excellent solvency properties and relatively low toxicity. It finds applications as a solve...
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Benzene and Crude Weakness Adds Bearish Tone to Toluene
Toluene prices softened to ₹67–68/kg amid weak paint and coating demand and oversupply, tracking a 3% drop in crude oil. Imports dominate India’s 57,000 MT monthly need, while pharma demand may lend near-term support. Market direction hinges on crude trends and post-monsoon recovery in downstream sectors.
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Buyers Hold Back as MIBK Prices Ease; Deepak Phenolics Entry in Focus
MIBK prices in India declined amid subdued demand, high port inventories, and falling replacement costs. Offers are now INR 116–119/kg depending on payment terms. While demand remains weak in bulk drug and rubber sectors, stable offtake in paints and coatings provides limited support. Deepak Phenolics’ entry may shift future supply trends.
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MIBK Prices Slide in India as Imports and Inventory Surplus Weigh on Market
MIBK prices declined due to weak demand, surplus inventories, and lower replacement costs. Traders anticipate further corrections, with prices now at INR 122-124/kg. Despite seasonal support, market sentiment remains bearish. Speculation about Deepak Phenolics entering MIBK production could impact future supply. The paints and coatings sector provides some stability.
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Crude Oil Fluctuations Keep Toluene Market Rangebound Despite Firm Demand Outlook
Toluene prices rose ₹3/kg this week, supported by feedstock cost recovery and improved trading momentum. Demand from paints remains steady, while the pharma sector shows gradual recovery. Despite crude volatility, supply–demand conditions are balanced. Short-term outlook suggests stability with slight downside risk amid cautious buyer sentiment and steady import volumes.
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India’s Acetic Acid Market Remains Stable; Downstream Sentiment Muted During Festive Period
Domestic Acetic Acid prices in India strengthened through October 2025, driven by firm methanol feedstock costs and cautious downstream demand. While global methanol prices softened under tariff pressure, domestic supply remained stable. Post-festive demand recovery from pharmaceutical and packaging sectors is expected to support prices into early November.
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Acetic Acid Prices Extend Decline Amid Weak Feedstock and Subdued Demand
Acetic Acid prices in India continued their downward trend amid weak methanol feedstock and cautious downstream demand. Despite international prices firming slightly on Chinese restocking, domestic sentiment remains subdued. Stable supply, potential post-monsoon VAM demand, and gradual recovery in pharmaceuticals could support market stabilization through October.
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MDC Prices Under Pressure as US Pharma Tariffs Disrupt Demand Patterns
Domestic MDC prices dropped ₹1–2/kg due to weak pharma demand, while volatile methanol feedstock costs, driven by oversupply in China and U.S. sanctions on Iran, added uncertainty. Global crude softness further weighed on sentiment. With steady production but sluggish consumption, MDC prices are expected to stay mixed in the near term.
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Methanol Import Constraints and Festive Buying Keep Indian Market Bullish
Indian methanol prices held firm near ₹31/kg despite a festive lull, driven by strong formaldehyde demand and curtailed Iranian imports. Chinese CFR prices softened on oversupply, but Indian buyers continue active procurement. Futures show near-term tightness, while crude and gas trends add to overall market caution.
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Indian Ethyl Acetate Market Braces for Further Upside on Rising Raw Material Costs
Ethyl acetate markets showed mixed trends as acetic acid softened domestically but firmed in China. Ethanol prices surged on higher blending mandates, while methanol declined. Strong downstream demand and GST cuts for polymers are expected to boost momentum. Rising exports may create domestic shortages, keeping the outlook volatile yet firm.
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