Accordd Organics NBAC Bulk in Supa

N-butyl acetate prices increased by ₹1/kg, now at ₹88++/kg ex-Kandla and ex-Ahmednagar, driven by strong demand from the paints and coatings sector. Supply remains tight, with manufacturers stockpiling ahead of peak demand. Global crude oil prices declined, but experts anticipate further price hikes due to limited inventory and sustained demand.

N-Butyl Acetate prices have been revised upwards by importers, rising by ₹1/kg to ₹87++ per kg ex-Kandla on 60-day credit terms. Accord Organics, a key domestic producer, has also increased its base price by ₹1/kg, now offering at ₹87.00++ per kg ex-Ahmednagar on advance payment terms.

N Butyl Acetate prices rose by ₹1/kg, driven by increased purchasing activity in the paints and coatings industry and constrained supply. Domestic and import prices now stand at ₹88++ per kg. While global benchmarks show mixed trends, strong seasonal demand and limited inventories are expected to sustain price momentum.

Domestic producer GNFC reduced Aniline prices by ₹6/kg to ₹117.50/kg (Ex-Bharuch), prompting importers to cut rates by ₹3.5/kg. Prices reflect falling Nitrobenzene costs and weak demand from dye and pigment sectors. Supply remains steady with ample inventories, but downstream segments show sluggish activity. Experts expect prices to stay under pressure, recommending buyers to leverage dips amid potential volatility from feedstock or demand changes.

Toluene prices rose by ₹0.5/kg in India, tracking a crude oil spike. However, downstream demand remains weak, with traders cautious due to OPEC+’s planned output hike. Tight refinery margins and low bulk demand signal potential for a price correction. Short-term sentiment is bearish; buyers should monitor feedstock trends closely.

Indian methanol prices dropped ₹0.50/kg despite limited inventories and early-month demand. Weak downstream consumption and low-cost Iranian cargoes drove the correction. However, rising Asian benchmarks and firming crude may soon reverse the trend. Buyers are advised to stock up as demand from formaldehyde and pharma may strengthen in June.

Styrene Monomer prices strengthened across Asia despite weak crude trends, with Indian bulk imports priced at ₹82/kg. Domestic Styrene Copolymer markets remained subdued in April, but demand is expected to rebound from June. Upstream benzene prices firmed up, while traders anticipate steady price hikes due to seasonal demand and tighter supply.

The Indian Pyridine market showed a mixed trend this week. While 2-Picoline prices remained supported by seasonal agrochemical demand, 3-Picoline saw price weakness due to subdued Niacinamide consumption. Jubilant Life Sciences ramped up Niacinamide output, potentially increasing supply. Overall sentiment remains cautious, with selective downstream sectors driving demand.

Vinyl Acetate Monomer (VAM) prices in India declined by ₹1/kg due to weak demand from paints and adhesives sectors. While April saw tight supply, upcoming shipments and Celanese’s plant restart are expected to ease concerns. Market participants anticipate further price corrections as demand slows and importers hold off on fresh buys.