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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Declining MDC Prices Amid Weaker Demand and Increased Supply
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.
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Pharma-Grade MTBE: Prices Climb as Methanol Futures Spike
The MTBE (Methyl Tertiary-Butyl Ether) market is experiencing a price increase driven by rising feedstock costs, particularly methanol futures. Domestic manufacturers, importers, and traders have all adjusted their rates accordingly. Despite subdued demand in the pharmaceutical sector, prices remain elevated, with future demand expected to rebound post-December 2024 events.
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Ethanol Amines Prices Cut Amid Weak Pharma Demand and Extended Bearish Trends in Ammonia and Ethanol
This week, Ethanol amine prices dropped by nearly 3%, tracking a decline in feedstock Ethanol and Ammonia prices. Importers are offering Mono Ethyl Amine (MEA) at ₹105++/kg Ex-Mumbai (ISO Tank) and ₹123++/kg Ex-Mumbai (Barrel) on advance payment terms. Domestic manufacturers have also reduced their prices, according to a leading trader.
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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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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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