Imported N-Hexane in Kandla

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.

Accordd Organics has hiked Ethyl Acetate prices by ₹1/kg to ₹70++/kg (Ex-Ahmednagar), amid a 6% rise in Acetic Acid costs and feedstock shortages caused by GNFC’s maintenance and import delays. With traders withholding offers and freight rates surging, the market faces ongoing volatility through Q2 2025.

Toluene prices dropped ₹2/kg this week, reflecting weak demand and falling replacement costs. Import offers range between ₹64.50–66/kg, while spot costs have dipped to ₹57–58/kg. Demand remains subdued, especially from pharma and coatings sectors. Experts anticipate a recovery only if crude oil strengthens and seasonal demand improves.

Mono Chloro Acetic Acid (MCAA) prices increased ₹0.5/kg across key markets following a sharp increase in Acetic Acid costs. While producers revised rates upward, trading offers also moved higher. Supply remains steady with strong downstream demand from agrochemicals, pharma, and surfactants. Market players expect stable prices ahead, though falling Acetic Acid costs and weaker global sentiment could soften the outlook.

Methanol import offers in India have moved up by ₹1/kg amid slight improvement in buying interest, though trader sentiment remains mixed due to bearish signals from international markets. With steady domestic supply and incoming Iranian cargoes, buyers are proceeding cautiously. Weak downstream demand continues to weigh on pricing, especially in the amines, MTBE, and acetic acid sectors.