Imported N-Butanol in Kandla

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.

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.

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.

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.

Toluene prices dropped by ₹1/kg this week due to weak sentiment and lower replacement costs. Despite soft liquidation, downstream demand—especially from pharma and coatings—is recovering. While margins remain under pressure, rising crude oil and demand may support price rebound. Importers remain cautious amid fluctuating market signals.

Domestic methanol prices dropped ₹0.50/kg amid healthy market activity and steady supply. Strong liquidation in Kandla and stable demand from formaldehyde and bulk drug sectors supported near-term stability. However, softening Asian futures and incoming Iranian cargoes signal a possible correction by mid-May 2025.

Ethyl Acetate prices have surged up to ₹4/kg due to rising feedstock costs, production constraints, and higher freight rates. Manufacturers are cautious about large-volume deals amid supply uncertainties and a major shutdown. Substitution from Acetone is increasing demand. Price volatility is expected to persist through June 2025.

Acetone prices in India have increased by ₹2/kg due to tight supply, strong paint sector demand, and low port inventories. Domestic output remains constrained while downstream sectors like pharmaceuticals and diacetone alcohol rebound. Traders expect further price hikes, while producers are cautious amid low conversion margins and limited vessel arrivals.

MEK import prices in India dropped by ₹3/kg to ₹88.50/kg (Ex-Kandla, 30-day credit), driven by weak downstream demand and ample inventories. Domestic Cetex prices stand at ₹90–92/kg (Ex-Chennai). Market sentiment remains cautious, though steady demand from printing inks and packaging sectors may stabilize prices post-April.