India Acetone Prices Hold Steady at ₹60/kg; Demand Recovery Expected Post-Monsoon
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Acetone prices in India firmed to ₹60/kg amid stable supply and subdued demand. Imports matched domestic offers, while Asian benchmarks continued downward corrections. Feedstock costs declined, supporting production. Demand from bulk drugs remains weak, but personal care, adhesives, and inks are expected to drive recovery post-monsoon.
Key Highlights
- Domestic acetone prices revised upward to ₹60/kg, imports at parity.
- Asian CFR China acetone values continue to correct downward.
- Demand subdued in pharma sector but recovery likely in adhesives and personal care.
- Market outlook signals near-term stability with a rebound expected ahead.
Domestic Acetone Prices Hold Firm at ₹60/kg Across Key Hubs
- Domestic producer Deepak Phenolics has revised its acetone prices upward by ₹0.50/kg to ₹60.00/kg ex-Dahej, offered on 60-day credit terms.
- Importers are maintaining offers at the same level of ₹60.00/kg on similar payment terms, ex-Kandla and ex-Mumbai.
- In the previous week, acetone prices were assessed in the range of ₹58–59/kg ex-Kandla and ex-Mumbai.
- In Asia, CFR China acetone benchmarks remained under pressure amid weak market sentiment.
China acetone spot assessments during the past week were as follows:
a. 2 September 2025: $525.81/mt
b. September 2025: $525.81/mt
c. 31 August 2025: $530.26/mt
d. 30 August 2025: $530.26/mt
e. 29 August 2025: $530.26/mt
f. 28 August 2025: $535.30/mt
Acetone Feedstock prices were reported as:
- FOB Korea benzene at $721/mt
- FOB Korea propylene at $760/mt
Supply Stable, Demand Weak in Pharma but Recovery Expected Post-Monsoon
- Domestic acetone supply remains stable for September, with lower benzene and propylene feedstock costs expected to support healthy production rates.
- On the demand side, consumption from bulk drug, diacetone alcohol, and IPA sectors remains subdued. Demand from ibuprofen, amoxicillin, and carbamazepine is assessed as neutral.
- With the monsoon season drawing to a close, demand from inks, adhesives, and personal care segments is anticipated to strengthen.
- India’s monthly acetone demand is estimated at 23–25 kt, against a domestic production of around 12 kt. Imports account for an additional 10–12 kt every month.
- Asian benchmark values have seen consistent downward corrections over the past two weeks, likely resulting in more competitive replacement costs.
Global Market Trends Show Continued Weakness in Asian Acetone Prices
- In the international market, crude oil benchmark WTI gained 0.90% to $65.22/bbl, while natural gas prices fell 3.50% to $2.87/MMBtu.
- Feedstock markets recorded declines, with FOB Korea benzene down $16 at $721/mt and FOB Korea propylene steady at $760/mt.
- Downstream, CFR China acetone prices were assessed in the range of $525–526/mt.
Insights: Short-Term Stability, Medium-Term Rebound Anticipated
- Market outlook indicates that acetone prices may remain mixed in the near term amid abundant supply and cheaper import costs. However, a rebound is anticipated as demand from bulk drugs, personal care, inks, and adhesives is expected to improve.
- Market participants are advised to consider inventory build-up strategies in anticipation of stronger downstream consumption
Acetone
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