Styrene Monomer
SM, also known as styrene monomer, is the key petrochemical derived from petroleum/natural gas. It is widely used in the production of synthetic rubber and a wi...
Styrene Monomer Bytes
Daily Market Report
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Polystyrene Market Stabilizes Amid Rising Costs and Strong Demand
Polystyrene prices increased in January, driven by strong export demand, restocking, and higher benzene costs. Prices later stabilized despite fluctuations in feedstock ethylene and styrene. Supply tightened due to reduced imports and limited production expansions. While cost pressures persist, steady demand from packaging and construction supports a stable market outlook.
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Styrene Market Balances Amid Inventory Pressure and Seasonal Demand
The styrene market shows mixed trends, balancing adequate supply and moderate demand. Prices rose marginally in China to 8,550 Yuan/MT. Imported styrene at Kandla is priced at ₹95.5/kg. Despite seasonal stocking, increasing inventories weigh on market momentum. Near-term fluctuations are expected, influenced by supply pressures and cautious demand recovery.
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Indian Methanol Market Sees Price Increase Amid Upstream Pressure and Supply Concerns
Methanol prices in India rose due to supply disruptions from Iran and Malaysia, rising natural gas costs, and increased demand post-Lunar New Year. While supply remained stable in early February, future shortages could drive further price hikes. Industrial buyers, especially in the formaldehyde and resin sectors, are influencing market volatility.
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Toluene Market Strengthens with Rising Crude; Traders Quote Higher Prices
Toluene prices increased by ₹1/kg today due to rising crude oil and naphtha costs. Importers’ offers stood at ₹78.00++ per kg (ex-Kandla) and ₹78.50++ per kg (ex-Mumbai). Demand is recovering in the packaging, paints, and coatings sectors, but remains weak for bulk drugs. Experts predict a bullish market trend, with geopolitical tensions and seasonal demand shaping price movements in the coming weeks.
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Acetone Prices Surge as Tight Supply Meets Resurgent Demand in Paints Sector
Acetone prices rose ₹2/kg to ₹74/kg (Ex-Kandla) due to supply constraints from reduced imports and lower phenol production. Demand from the paints sector rebounded, tightening availability. International crude and gas prices fell, while key feedstock prices remained stable. Experts predict firm acetone prices amid seasonal demand growth.
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Methanol Prices Decrease in India Amidst Weakening Downstream Demand
Methanol prices in India dropped ₹1.00/kg due to weak demand and future correction, though rising natural gas costs may push prices up post-Chinese holidays. Supply remains stable with active bulk buying. Meanwhile, global crude and methanol futures fluctuated, and PETRONAS announced a plant turnaround, potentially impacting regional supply.
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Indian MDC Market Sees Price Correction Amid Ample Supply and Weak Demand
Methylene dichloride (MDC) prices in India have decreased by ₹3/kg this week due to sluggish demand from the API sector and higher inventory levels. Price reductions have been noted across various regions, with authorized dealers offering lower prices in southern India. Increased production capacity from TGV SRAAC and Sreyas has contributed to the price decline. Price volatility is expected in the near term.
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Importers and Domestic Producers Hike N Butyl Acetate Prices as Demand Picks Up
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.
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Market Watch: Toluene Prices Decline as Industry Awaits Recovery (23rd-Jan-2025)
Toluene prices have slightly declined, reflecting bearish market sentiment and subdued demand in key industries like paints and coatings. While domestic production remains stable, imports continue to meet the majority of demand. Global crude oil and feedstock price fluctuations, coupled with plant turnarounds in Southeast Asia, are influencing market dynamics.
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Daily Market Report
Polystyrene Market Stabilizes Amid Rising Costs and Strong Demand
Polystyrene prices increased in January, driven by strong export demand, restocking, and higher benzene costs. Prices later stabilized despite fluctuations in feedstock ethylene and styrene. Supply tightened due to reduced imports and limited production expansions. While cost pressures persist, steady demand from packaging and construction supports a stable market outlook.
Read Story
Styrene Market Balances Amid Inventory Pressure and Seasonal Demand
The styrene market shows mixed trends, balancing adequate supply and moderate demand. Prices rose marginally in China to 8,550 Yuan/MT. Imported styrene at Kandla is priced at ₹95.5/kg. Despite seasonal stocking, increasing inventories weigh on market momentum. Near-term fluctuations are expected, influenced by supply pressures and cautious demand recovery.
Read Story
Indian Methanol Market Sees Price Increase Amid Upstream Pressure and Supply Concerns
Methanol prices in India rose due to supply disruptions from Iran and Malaysia, rising natural gas costs, and increased demand post-Lunar New Year. While supply remained stable in early February, future shortages could drive further price hikes. Industrial buyers, especially in the formaldehyde and resin sectors, are influencing market volatility.
Read Story
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