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Raw Materials Prices
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Daily Market Report
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Indian Methanol Import Offers Edge Higher Despite Lukewarm Demand, Bearish Global Sentiment Lingers
Methanol import offers in India have moved up by ₹1/kg amid slight improvement in buying interest, though trader sentiment remains mixed due to bearish signals from international markets. With steady domestic supply and incoming Iranian cargoes, buyers are proceeding cautiously. Weak downstream demand continues to weigh on pricing, especially in the amines, MTBE, and acetic acid sectors.
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Domestic Methanol Prices Down W-o-W, Cheaper Iran cargoes weigh on market sentiment
Indian methanol import prices have softened by ₹2/kg amid the arrival of low-priced Iranian cargoes. Domestic prices are down ₹4/kg week-on-week. While supply remains stable, subdued downstream demand and bearish global cues are driving cautious buying behavior. Short-term volatility is expected as buyers await further price corrections.
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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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Indian IPA Market Faces Bearish Sentiment on High Stocks, Year-End Slowdown
IPA prices have declined sharply amid high port inventories and sluggish downstream demand. Importers are facing liquidation pressure, while domestic producers maintain stable prices. Bulk buyers seek lower rates for April. With reduced consumption from pharma manufacturers and ongoing financial year-end stock adjustments, bearish market sentiment is expected to persist.
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Manufacturers Push MDC Price Hike, But Market Struggles with Low Demand
MDC prices have increased, with manufacturers raising offers despite weak demand. Domestic supply is abundant due to increased production capacity from TGV SRAAC and the new entry of Sreyas. However, demand from the active pharmaceutical ingredient (API) sector remains low. The market is expected to remain volatile, with price stability dependent on manufacturer coordination and inventory management.
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Methanol Prices Drop as Iranian Supply Resumes, Demand Remains Weak
Methanol prices dropped by ₹4/kg week-on-week due to weak demand and resumed Iranian production. Imports are quoted at ₹34.00-₹35.00/kg across ports. While formaldehyde demand remains steady, bulk drug manufacturers cut consumption sharply. Market experts anticipate further corrections as supply increases. Buyers should exercise caution in inventory decisions.
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Indian DEG Market Sees Price Adjustments as Paints & Agrochemicals Drive Demand
DEG prices saw minor adjustments, with importers reducing rates by ₹1/kg while IOCL raised prices marginally. Despite ample inventories, stable demand from paints and agrochemicals kept the market balanced.
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Indian N-Propanol & NPAC Prices Decline Amid Weak Demand, Expected Rebound Post-March
Indian N-Propanol and N-Propyl Acetate (NPAC) prices have declined due to weak demand and excess inventory. Importers reduced N-Propanol prices by ₹1/kg to ₹95/kg, while NPAC dropped ₹2/kg to ₹92-94/kg. Demand from the paints and coatings sector remains strong, and prices are expected to rebound post-March. Lower acetic acid costs may influence NPAC pricing trends.
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Domestic Methanol and Acetic Acid Prices at Par, Creating Market Buzz
Methanol prices surged by ₹2/kg due to an unplanned plant shutdown and Iranian shipment concerns. Despite adequate inventory, market uncertainty has driven up prices. However, weak downstream demand and declining futures indicate potential corrections. Buyers are advised to remain cautious before making bulk inventory decisions.
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Our USPs
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Quality Assurance
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Strategic Location for Efficient Distribution
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Commitment to Sustainability
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Customer-Centric Approach
About Us
Established in 2010, Accordd Organics Pvt Ltd is the largest single-location ethyl acetate manufacturing unit in India, nestled in Supa, Ahmednagar, Maharashtra. With certifications from the likes of ISO, GMP, Kosher, and Halal, the firm, having extended its operations to include n-butyl acetate and specialty alcohols, has carved a niche for itself in the chemicals market over the years. The efficacy of the products it offers and the eco-friendliness of its manufacturing processes have helped it make loyal customers out of renowned brands like Dr Reddy's, Aurobindo, Sun Pharma etc.
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Our Clients
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