Mix Xylene
Mix Xylene, also known as mixed xylene, is a mixture of three benzene derivatives: ortho-xylene, meta-xylene, and para-xylene, along with ethylbenzene. This mix...
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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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Paints and Coatings Demand Bolsters Mix Xylene Prices; Seasonal Trends in Play
Domestic Mix Xylene (MX) prices have increased due to stronger downstream demand and limited vessel arrivals. Seasonal demand from paints and coatings sectors is driving growth, while supply constraints and rising freight costs raise concerns. International prices for crude oil and benzene remain stable, supporting bullish trends for MX.
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MIBK Market Under Pressure Amid Falling Replacement Costs and Ample Supply
MIBK prices declined ₹1/kg this week due to high port inventories, weak downstream demand, and falling replacement costs. While demand from paints and packaging remains low, rubber and bulk drug sectors show early signs of revival. Deepak Phenolics’ entry may alter domestic supply dynamics by Q3 2025.
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Domestic Toluene Market Strengthens Despite Weak Downstream Demand
Despite weak downstream demand, domestic toluene prices in India rose ₹2/kg this week, tracking a sharp global crude oil rally. While pharma demand offers some support, monsoon-led slowdowns continue to affect paints, coatings, and packaging segments. Rising crude prices and tight refinery margins could drive further price volatility.
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Acetic Acid Prices Crash 12% in India Amid Weak Demand and Cheaper Imports
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.
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Acetone Market Turns Bearish as Domestic Run Rates Improve and Imports Rise
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.
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Toluene Market Bearish on Crude Crash, Weak Coating Demand, and Eased Mideast Tensions
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.
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Muted Pharma, Alumina Demand Weighs on Caustic Soda Market; Prices Decline
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.
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Toluene Market Heats Up Amid Import Uncertainty; Buyers Rush to Secure Stocks
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.
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