Imported Phenol in Kandla

Phenol prices in India have softened due to increased supply and bearish trends in upstream markets like Crude Oil and Naphtha. Despite stable supply levels and seasonal demand recovery from plywood manufacturers, weak market sentiments and low replacement costs are exerting downward pressure on prices. Imports continue to fill the gap between domestic production and demand.

Phenol prices have softened this week due to increased supply, weak upstream market trends, and bearish sentiment. Domestic production has resumed, ensuring stable supply levels. Seasonal demand recovery from plywood manufacturers is expected to offset current price pressures partially.

Phenol prices in the domestic market saw slight declines, largely due to stable supply and weaker feedstock prices. With Deepak Phenolics resuming operations and seasonal demand expected to increase, the price outlook remains cautious but optimistic.

Importers have reduced phenol prices by ₹2/kg, setting them at ₹94+ (Ex-Kandla) for direct consumers on advance payment terms, and ₹95+ for traders and small buyers. The supply of phenol remains stable, supported by consistent vessel arrivals and prompt shipments.

In the domestic market, importers have reduced Phenol prices by ₹2/kg to ₹96/kg ex-Kandla on advance payment terms. Trader offers were also reported lower, at ₹97/kg ex-Kandla on 60-day credit terms.

Importers have raised phenol prices by ₹3/kg, bringing them to ₹101/kg on an ex-Kandla basis and ₹102/kg on an ex-Dahej basis, with payments required in advance. Some traders are offering phenol at prices between ₹102-103/kg ex-Kandla for immediate dispatch, with 60-day credit terms available.

Acetone prices in India have experienced a decline due to surplus inventories and weak demand, especially from the pharmaceutical sector. Despite this, a seasonal increase in demand from the paints and coatings sector may stabilize prices soon. Global developments, such as changes in feedstock prices and supply adjustments in Asia, are also influencing the market.

Acetic Acid prices have fallen due to weaker demand and lower replacement costs, with bulk buyers seeking further discounts. Stable supply and bearish downstream demand, particularly from Ethyl Acetate producers, contribute to a challenging market outlook.

Methylene Dichloride (MDC) prices declined slightly due to increased supply and reduced demand. In China, prices dropped from 2960 RMB/ton on November 24 to 2850 RMB/ton on November 26. Indian prices remained stable at ₹37/kg. Seasonal demand surged in industries like paints, coatings, and adhesives.