Imported MIBK Price in Kandla

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.

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.

Acetic Acid prices in India dropped 12% amid weak downstream demand, monsoon disruptions, and cheaper Chinese imports. International prices also declined, with spot deals as low as ₹28/kg. While demand from Acetonitrile and dye sectors offers limited support, overall sentiment remains bearish, with further price corrections likely in the short term.

Acetone prices fell by ₹3/kg amid improved domestic production, steady import arrivals, and sluggish downstream demand. Paints, IPA, and DAA segments remain weak, while upcoming pharma sector demand could provide limited support. With bearish feedstock trends and rising availability, prices are expected to stay soft in the short term.

Toluene prices fell ₹2/kg amid weak demand from paints and coatings sectors and improved domestic supply. Stabilizing Middle East tensions and rising US crude inventories have further weighed on sentiment. Although pharma-related demand offers limited support, refining margins remain under pressure. A price recovery appears unlikely in the short term.

Caustic Soda Flakes and Lye prices dropped ₹2/kg due to subdued demand from key sectors like pharmaceuticals and aluminium. New supply from Sreyas Industries is adding pressure to an already oversupplied market. While demand from textiles and paper remains stable, the overall market sentiment is bearish with price pressure likely to persist.

Toluene prices rose by ₹3/kg across India, fueled by tight import supply and uncertainty around July shipments. Importers are withholding fresh offers, leading to panic buying in the spot market. Despite a price rally, downstream demand outside pharmaceuticals remains weak. Margins for refiners are under pressure as BTX spreads shrink.

Importers have lowered Acetonitrile prices by ₹5/kg this week, bringing bulk offers down to ₹100/kg Ex-Mumbai on 60 days payment terms. Traders' spot offers currently stand at ₹101/kg Ex-Kandla, also on 60 days credit terms.

Ethyl Acetate prices have surged by ₹3–4/kg across major producers due to tight raw material availability, geopolitical tensions, and rising freight costs. Output reductions and cautious supplier behavior have fueled bullish sentiment. With downstream demand firming up, prices are expected to remain volatile through June and may breach ₹75/kg.