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 wide...
Styrene Monomer Bytes
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Styrene Monomer Tenders
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Indian Styrene Monomer Prices Decline Amid Bearish Asian Benchmarks and Crude Oil Correction
Styrene Monomer prices in India dropped by ₹1/kg, reflecting lower Asian contract prices and weaker crude and naphtha values. Reduced holiday demand and moderate supply contribute to a bearish market. Key international market shifts and potential crude oil recovery could alter pricing trends, with experts suggesting an inventory buildup ahead of the anticipated demand rebound post-November.
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Crude Oil Recovery Lifts Styrene Monomer Prices Despite Bearish Market
In the international market, Styrene Monomer prices have risen, supported by a recovery in upstream crude oil prices, which had recently reached a three-year low. In the domestic market, importers also increased Styrene Monomer prices by ₹1/kg, bringing them to ₹97++ per kg ex-Kandla on 60-day credit terms.
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Crude Oil and Benzene Price Drop Exerts Pressure on Styrene Monomer Market
Trader offers were quoted at ₹94++ per kg Ex-Kandla and Ex-Hazira for immediate lifting on an advance payment basis. In the first half of August, styrene prices were bullish, but from the first week of September 2024, domestic prices began correcting due to a sharp decline in upstream crude oil and feedstock benzene prices.
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Styrene Monomer Market Update: Prices Climb as Benzene and Ethylene Costs Rebound
Importers have raised Styrene Monomer prices by ₹1/kg, bringing them to ₹97.50++ per kg on an ex-Kandla basis and ₹99.50++ per kg on an ex-Mumbai basis, with 60-day credit terms. Traders are offering higher prices, quoted at ₹100++ per kg ex-Kandla and ₹103++ per kg ex-Mumbai, also on 60-day credit terms. This price increase is attributed to limited inventories at the ports and a rebound in feedstock Benzene and Ethylene prices.
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Toluene Prices Rise ₹3/kg as Crude Oil and Naphtha Rebound
Toluene prices in India have increased by ₹3/kg, driven by a rebound in crude oil and naphtha prices, as well as strong demand from the paints, coatings, and pharmaceutical sectors. Supply constraints, coupled with positive spreads in BTX components, suggest a further potential price hike of $70/MT in the near term. India’s Toluene demand is largely met through imports, with domestic production contributing only 16.8%.
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Upstream Price Increases and Iranian Shipments Disruptions Shape Methanol Outlook
Domestic methanol prices witnessed an increase of ₹1.00/kg as importers adjusted their offers upwards. The updated prices, based on advance payment terms with immediate lifting, are as follows: Ex-Kandla: ₹27.00++, Ex-Mumbai: ₹27.50++.
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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.
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Melamine Market Faces Downward Pressure from Oversupply, Weak Demand
The melamine market is experiencing downward pricing trends due to oversupply and reduced demand in downstream industries. New production capacities and restored operations of previously offline facilities are intensifying the supply-demand imbalance. Coupled with declining raw material costs, these factors create a challenging outlook for the market.
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Toluene Prices Fall Amid Lower Feedstock Costs; Pharma and Paint Sectors Aid Stability
Toluene prices in the Indian market saw a downward revision due to weak upstream dynamics, including falling crude oil and naphtha prices. The demand remains subdued but is expected to recover with increased activity in the pharmaceutical and paints industries. Global market trends, such as maintenance at chemical plants in China, are also influencing supply and pricing dynamics.
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Daily Market Report
Indian Styrene Monomer Prices Decline Amid Bearish Asian Benchmarks and Crude Oil Correction
Styrene Monomer prices in India dropped by ₹1/kg, reflecting lower Asian contract prices and weaker crude and naphtha values. Reduced holiday demand and moderate supply contribute to a bearish market. Key international market shifts and potential crude oil recovery could alter pricing trends, with experts suggesting an inventory buildup ahead of the anticipated demand rebound post-November.
Read Story
Crude Oil Recovery Lifts Styrene Monomer Prices Despite Bearish Market
In the international market, Styrene Monomer prices have risen, supported by a recovery in upstream crude oil prices, which had recently reached a three-year low. In the domestic market, importers also increased Styrene Monomer prices by ₹1/kg, bringing them to ₹97++ per kg ex-Kandla on 60-day credit terms.
Read Story
Crude Oil and Benzene Price Drop Exerts Pressure on Styrene Monomer Market
Trader offers were quoted at ₹94++ per kg Ex-Kandla and Ex-Hazira for immediate lifting on an advance payment basis. In the first half of August, styrene prices were bullish, but from the first week of September 2024, domestic prices began correcting due to a sharp decline in upstream crude oil and feedstock benzene prices.
Read Story
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