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...
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Rising Methanol Prices as Futures Signal Bullish Trends and Supply Risks Loom
Methanol prices have risen by ₹0.25/kg following a surge in futures contracts and natural gas prices. Asian CFR futures climbed $6/MT as potential sanctions on Russian and Iranian supplies spark concern. In India, bulk consumption is rising despite production constraints, and traders are actively building inventories anticipating further price increases.
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Mixed Signals in Acrylonitrile Market Amid Global Demand Shifts and Automotive Growth
The Acrylonitrile market shows mixed performance across regions, with prices stable in Asia and Europe but subdued in North America due to reduced global demand. Automotive sector growth offsets weaker demand from paints and coatings. Experts predict a January price dip, recovery starting March, and stronger market dynamics post-winter.
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Tight Supply and Seasonal Demand Propel N-Butanol Market
N-butanol prices in Kandla remain steady at ₹84.5/kg, while the Asian market in Shandong witnessed a slight price increase this week due to tight supply and cautious downstream demand. India's seasonal demand, especially from the paints and coatings sector, is expected to sustain price stability until mid-2025.
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Melamine Market Steady Amid Supply Surge and Demand Weakness
The melamine market is witnessing stable prices, with slight fluctuations in the Asian benchmark. Oversupply persists due to increased production capacity, while weak downstream demand, impacted by the real estate slowdown, limits significant price changes. Adjustments in supply and potential policy shifts in real estate may influence future demand recovery.
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Indian Toluene Market Sees Price Correction; Seasonal Demand from Paints & Pharma Expected to Drive Recovery
Toluene prices have fallen by Rs 2/kg due to decreased FOB Korea Benzene futures. The supply-demand situation remains balanced, with seasonal recovery expected in January, driven by growth in the paints, coatings, and bulk drug manufacturing industries. Experts predict volatility in toluene prices in the coming weeks but expect short-term price stability due to increased demand in key sectors.
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SRHHL Expands Sodium Methoxide (SMO) Production Capacity, Impacting Market Dynamics
Sodium Methoxide prices increased by ₹2 per kg, driven by higher raw material costs. Despite a slight correction in methanol prices, SMO prices remain unaffected. Supply has strengthened with new capacities, while demand is primarily met through just-in-time procurement. Experts predict price volatility amid surging downstream demand and falling feedstock prices.
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Indian Methanol Market Corrects on Weak Futures and Increased Vessel Arrivals
Domestic methanol prices dipped by ₹0.5/kg as aggressive liquidation from traders met weak demand. Improved Iranian supply and declining Asian futures pressured prices further. Key sectors like pharmaceuticals and formaldehyde showed mixed demand trends. Experts foresee continued price corrections, urging buyers to approach inventory replenishment cautiously amid a bearish market outlook.
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Butyl Acrylate Monomer (BAM) Market Gains Momentum as Seasonal Demand Picks Up
Butyl Acrylate Monomer (BAM) prices increased by ₹2/kg, driven by robust demand from paints and coatings. India's BAM demand stands at 20 kt/month, with BPCL supplying 15 kt. Seasonal demand recovery is expected to sustain strong momentum until May 2025, while higher feedstock prices could further influence BAM price dynamics.
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Paints and Coatings Demand Bolsters Mix Xylene Prices; Seasonal Trends in Play
Domestic Mix Xylene (MX) prices have increased due to stronger downstream demand and limited vessel arrivals. Seasonal demand from paints and coatings sectors is driving growth, while supply constraints and rising freight costs raise concerns. International prices for crude oil and benzene remain stable, supporting bullish trends for MX.
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Daily Market Report
Rising Methanol Prices as Futures Signal Bullish Trends and Supply Risks Loom
Methanol prices have risen by ₹0.25/kg following a surge in futures contracts and natural gas prices. Asian CFR futures climbed $6/MT as potential sanctions on Russian and Iranian supplies spark concern. In India, bulk consumption is rising despite production constraints, and traders are actively building inventories anticipating further price increases.
Read Story
Mixed Signals in Acrylonitrile Market Amid Global Demand Shifts and Automotive Growth
The Acrylonitrile market shows mixed performance across regions, with prices stable in Asia and Europe but subdued in North America due to reduced global demand. Automotive sector growth offsets weaker demand from paints and coatings. Experts predict a January price dip, recovery starting March, and stronger market dynamics post-winter.
Read Story
Tight Supply and Seasonal Demand Propel N-Butanol Market
N-butanol prices in Kandla remain steady at ₹84.5/kg, while the Asian market in Shandong witnessed a slight price increase this week due to tight supply and cautious downstream demand. India's seasonal demand, especially from the paints and coatings sector, is expected to sustain price stability until mid-2025.
Read Story
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