N-Butanol
N-Butanol is a colorless, versatile alcohol used as a solvent and chemical intermediate in the production of paints, coatings, adhesives, plasticizers, and more...
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Tight Supply and Seasonal Demand Propel N-Butanol Market
N-butanol prices in Kandla remain steady at ₹84.5/kg, while the Asian market in Shandong witnessed a slight price increase this week due to tight supply and cautious downstream demand. India's seasonal demand, especially from the paints and coatings sector, is expected to sustain price stability until mid-2025.
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Tight Supplies, Seasonal Demand Drive N Butyl Acetate Prices Up
The prices of N Butyl Acetate have risen due to tightening supplies and robust seasonal demand from the paints and coatings sector. Both domestic producers and importers have adjusted their prices upward. While global FOB China prices show a decline, Indian demand is expected to stay strong until mid-2025.
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Indian Niacinamide Prices Ease Amid Weak Personal Care Demand, Export Slowdown
Niacinamide prices dropped by ₹100/kg this week due to weak export demand and slow domestic consumption. Seasonal demand fluctuations and financial year-end closures further impacted trading activity. However, supply remains stable, supported by Jubilant Ingrevia’s expanded production capacity in Gujarat. With India’s Niacinamide demand growing at 6.9% CAGR, market dynamics are expected to shift.
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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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Indian Sodium Methoxide Market Sees Price Correction Amid Biodiesel Slowdown
Sodium Methoxide prices have decreased by ₹1 per kg amid a slowdown in biodiesel production and fiscal year-end lulls. The supply remains stable, but unfavorable economics challenge manufacturers. Industry experts suggest a cautious approach due to fluctuating market conditions.
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Toluene Prices Decline as Benzene Future Contracts Weaken; FY Closing Slows Market Activity
Toluene prices dropped by ₹5/kg amid bearish sentiment and declining benzene contracts. Despite stable supply, year-end inventory caution dampened demand. The naphtha-to-toluene spread fell below breakeven, while favorable benzene spreads offered some relief. Seasonal demand from paints and coatings may support prices post-March, though overall market outlook remains cautious.
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Indian IPA Market Faces Bearish Sentiment on High Stocks, Year-End Slowdown
IPA prices have declined sharply amid high port inventories and sluggish downstream demand. Importers are facing liquidation pressure, while domestic producers maintain stable prices. Bulk buyers seek lower rates for April. With reduced consumption from pharma manufacturers and ongoing financial year-end stock adjustments, bearish market sentiment is expected to persist.
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Manufacturers Push MDC Price Hike, But Market Struggles with Low Demand
MDC prices have increased, with manufacturers raising offers despite weak demand. Domestic supply is abundant due to increased production capacity from TGV SRAAC and the new entry of Sreyas. However, demand from the active pharmaceutical ingredient (API) sector remains low. The market is expected to remain volatile, with price stability dependent on manufacturer coordination and inventory management.
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Methanol Prices Drop as Iranian Supply Resumes, Demand Remains Weak
Methanol prices dropped by ₹4/kg week-on-week due to weak demand and resumed Iranian production. Imports are quoted at ₹34.00-₹35.00/kg across ports. While formaldehyde demand remains steady, bulk drug manufacturers cut consumption sharply. Market experts anticipate further corrections as supply increases. Buyers should exercise caution in inventory decisions.
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