Indian N-Butyl Acetate Market Turns Bullish on Firm Demand, Tightening Supplies
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N-Butyl Acetate prices have been revised upwards by importers, rising by ₹1/kg to ₹87++ per kg ex-Kandla on 60-day credit terms. Accord Organics, a key domestic producer, has also increased its base price by ₹1/kg, now offering at ₹87.00++ per kg ex-Ahmednagar on advance payment terms.
Chemicals Price
- N-Butyl Acetate prices have been revised upwards by importers, rising by ₹1/kg to ₹87++ per kg ex-Kandla on 60-day credit terms.
- Accord Organics, a key domestic producer, has also increased its base price by ₹1/kg, now offering at ₹87.00++ per kg ex-Ahmednagar on advance payment terms.
- The price hike is primarily attributed to increased procurement activity from the paints and coatings industry, as seasonal demand picks up. Additionally, rising feedstock N-Butanol prices are expected to keep N-Butyl Acetate prices elevated in the near term.
- On a weekly basis, N-Butyl Acetate prices have increased by ₹1.5/kg, reflecting a firm market sentiment.
Supply & Demand
- Demand for N-Butyl Acetate remained stable earlier in January 2025, supported by robust production activity in the automotive coatings and inks sectors. Manufacturers have begun stockpiling inventories as seasonal demand for paints and coatings resumes.
- This week, the Asian benchmark FOB China prices for N-Butyl Acetate recorded an increase of 25 Yuan, settling at 6,900 Yuan/MT, equivalent to $1,035/MT FOB China.
- In the Indian market, demand is expected to gain momentum and remain strong until June 2025, primarily driven by seasonal consumption from the paints and coatings industry.
- India's monthly consumption of N-Butyl Acetate is estimated at approximately 6 kt, with the paints and coatings sector being the dominant consumer. Additional demand stems from industries such as bulk drugs, personal care, fragrances, and leather.
Market News
- In the global market, crude oil benchmark WTI recorded a marginal increase of 0.24%, closing at $70.91 per barrel, while natural gas prices declined by 2.34%, reaching $3.63/MMBtu.
- Zhong’an United Chemical has shut its MTO Plant for maintenance work. The Plant is located in Anhui, China with Propylene production capacity of 350,000 Tons/Year and Ethylene capacity of 350,000 Tons/Year.
- Taekwang Industrial is operating its Acrylonitrile (ACN) Plant at 85% of the actual capacity for February, 2025. The Plant is located in Ulsan, South Korea with a production capacity of 290,000 Tons/Year.
- Nippon Steel Chemical & Material Co is planning to shut its Phthalic Anhydride (PA) Unit for planned maintenance work. The Unit is located in Tobata, Japan with a production capacity of 38,000 Tons/Year.
Expert Opinion
- It is anticipated that N-Butyl Acetate prices will maintain a bullish trend this week, supported by strong demand from key consumers in the paints and coatings sector and limited inventory levels at ports.
- Buyers are advised to take advantage of inventory opportunities as seasonal demand strengthens.
Daily Market Report
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