Toluene
Toluene is a versatile aromatic hydrocarbon commonly used in industrial processes and as a solvent. It is a clear and colourless liquid and has a sweet smell. T...
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Toluene Prices Decline as Benzene Future Contracts Weaken; FY Closing Slows Market Activity
Toluene prices dropped by ₹5/kg amid bearish sentiment and declining benzene contracts. Despite stable supply, year-end inventory caution dampened demand. The naphtha-to-toluene spread fell below breakeven, while favorable benzene spreads offered some relief. Seasonal demand from paints and coatings may support prices post-March, though overall market outlook remains cautious.
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Toluene Prices Under Pressure! Traders and Importers Quote Lower Rates
Toluene prices dropped by ₹4/kg due to bearish crude oil trends and benzene corrections. Offers range from ₹72.50–₹74.00/kg across markets. Despite strong seasonal demand, weak bulk drug consumption keeps the market bearish. Traders should monitor crude oil fluctuations and avoid stockpiling as near-term prices remain uncertain.
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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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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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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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Escalating Iran-Israel Tensions Drive Up Methanol, Acetic Acid, Ethyl Acetate and Toluene Prices Amid Supply Uncertainty
Escalating conflict between Iran and Israel has significantly impacted domestic market dynamics today, leading to heightened market uncertainty. Shipments of methanol and toluene from Iran have been put on hold, triggering strong reactions within the market. As Iran is a key supplier, especially to China, which relies heavily on Iranian methanol for acetic acid production, supply disruptions are expected to challenge downstream sectors, including ethyl acetate and acetic anhydride, now under increased scrutiny and speculation.
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Indian Methanol Prices Drop as CFR China Benchmarks Weaken
Methanol prices have dropped by ₹1/kg due to lower CFR China benchmarks and increased Iranian cargo arrivals. Domestic prices were corrected by ₹2.5/kg week-on-week. Demand remains weak across key industries. While crude prices are volatile, soft downstream demand may lead to further corrections. Buyers should monitor price trends before restocking.
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India’s Acetone Market Poised for Growth in April as FY Closure Spurs Buying
Acetone prices in India have increased by ₹1/kg, reaching ₹74++/kg (Ex-Dahej) due to rising demand from the paints and coatings sector and a reduction in port inventories. While demand remained stable in March, market participants expect a recovery in April, particularly from pharmaceutical intermediates like Paracetamol and Ibuprofen. Market experts anticipate continued price volatility as industry players build inventories ahead of potential price hikes.
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Indian Niacinamide Prices Ease Amid Weak Personal Care Demand, Export Slowdown
Niacinamide prices dropped by ₹100/kg this week due to weak export demand and slow domestic consumption. Seasonal demand fluctuations and financial year-end closures further impacted trading activity. However, supply remains stable, supported by Jubilant Ingrevia’s expanded production capacity in Gujarat. With India’s Niacinamide demand growing at 6.9% CAGR, market dynamics are expected to shift.
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