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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Indian Toluene Market Sees Price Correction on Weak Crude, Tepid Demand
Toluene prices in the domestic Indian market saw a downward revision of ₹1/kg, as importers adjusted rates amid falling crude benchmarks and sluggish downstream demand. Bulk deals from importers were quoted at ₹64.50++ per kg (ex-Kandla) and ₹65.50++ per kg (ex-Mumbai) for 60-day payment terms. Meanwhile, trader offers were reported at ₹66++ per kg (ex-Mumbai) and ₹65.75++ per kg (ex-Kandla) under similar credit terms.
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COVID Spike Lifts FOB China Acetic Acid to $340/MT
FOB China Acetic Acid surged $20 to $340/MT amid restocking triggered by rising COVID cases. However, Indian prices fell ₹1–1.5/kg due to weak demand and ongoing shutdowns at major plants. Inventory tightness and pharma sector demand could trigger a sharp rebound. Traders are actively building stocks ahead of June.
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Diketene Derivatives Prices Hold Firm Amid Volatile Feedstock Costs
Diketene derivatives like EAA and MAA held steady as rising feedstock costs and strong downstream demand supported prices. Pharma and seasonal agrochemical demand kept offtake buoyant. Ethyl acetate surged 4% amid tight supply, while methanol and sodium methoxide stayed firm. Prices are expected to remain bullish through May 2025.
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Acetic Acid Prices Firm on Vessel Delay Speculation
Acetic Acid prices in India rose by ₹2/kg amid concerns over vessel delays and tight supply. Importers and traders are holding back large-volume offers, anticipating further escalation. Despite subdued demand from Ethyl Acetate and Acetic Anhydride producers, strong offtake from bulk drugs and MCAA sectors is supporting bullish sentiment. Market eyes further price rebound.
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Ethyl Acetate Output Hit by Feedstock Shortages and Laxmi Organics Shutdown
Ethyl Acetate prices in India increased sharply amid escalating feedstock costs, limited raw material availability, and upcoming production shutdowns. Key producers raised offers by ₹1–2/kg. With Acetic Acid and Ethanol prices surging and logistics costs climbing, market participants expect further price gains. Demand from downstream industries remains robust, supporting bullish sentiment.
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Toluene Margins Squeezed ; Price Hike Seen as Crucial for Refinery Economics
Toluene prices in India have surged ₹3/kg, driven by geopolitical tensions, rising crude oil, and naphtha prices. Importers are holding firm on higher offers despite tepid buyer response. Refinery margins are under severe pressure, pushing expectations of a price rebound. Downstream demand from pharma and coatings sectors shows gradual recovery.
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FOB China Stable; India's Acetic Acid Market caught between soft demand and Supply Worries
Acetic Acid prices softened in India despite tight port inventories, driven by weak demand and lower replacement costs. While some bullishness is expected from downstream sectors, ongoing plant turnarounds and geopolitical risks continue to pressure the market. Strategic inventory building is advised amid anticipated supply disruptions and price volatility.
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