International cues pull down MEG prices in India

The prices of MEG has been spiraling down since the beginning of the year in the Indian markets, within the past two month the bulk price for the chemical in Mumbai market dropped from levels of Rs. 76 per kg to Rs.69.5 per kg exclusive of all taxes. In order to get a full perspective on the current market situation, the website spoke to trader, manufacturers and end-users in the country to comprehend the future demand outlook for the chemical in Indian markets.

Moderate DOP and DBP demand in India- dull PVC demand the culprit?

The demand for DOP and DBP is moderate while the prices for the plasticizers have been stable across various trading hubs in India. The website spoke to key stakeholders for DOP and DBP in the country, mainly manufacturers, end- users and traders in order to understand the main driving forces impacting the market.

Strong demand for Chloroform in India, but the spread between its feedstock and the chemical is questionable

The demand for Chloroform is steady in the Indian market as its used as a solvent in the pharmaceutical, dyes and pesticide industry. Industrial chloroform is manufactured from the chloromethane group. In this light, Indianpetrochem analyzed the price differential between the feedstock, Methane and Chloroform in India and comprehended the current market situation for the chemical. In order to get a comprehensive picture on Chloroform's market dynamics, the website spoke to traders across various trading hubs in India and surveyed the stock positions of various domestic manufacturers in the country.

PP off-takes strengthen in Indian markets post producers assuring price protections; demand likely to gain strength

The recent price protections for the PP material by polymer producers in India have resulted in moderately activating buying momentum in the major polymer markets in the country. Many traders also expect the demand to gain strength in the coming days if the prevailing conditions prolong. On the prevailing market trend, a Mumbai-based trader told Indianpetrochem," Demand for the PP material has gained some strength after producers assuring price protections in respect to the material. The producers seem to have assured price protection on account of import prices for the polymer being lower, and demand was not much active." He further said," If the prevailing prices persist, demand is likely to strengthen in the coming days." 

Short supply fluctuates Aniline prices- an in-depth view

The market price for Aniline in India has been very volatile over the past couple of months due to supply shortage of imported goods in the market. Indianpetrochem spoke to some industry participants on this matter and understood the market dynamics for the chemical across various trading hubs in India.

Slow demand pulls down bulk price of Toluene- how long will this last?

The bulk price for Toluene declined by Re. 1 a kg today amid sluggish demand within the country. Indianpetrochem surveyed this market sentiment by talking to some market participants and gained some insights on the current and future demand trend.

GAIL's plant shut-down tighten HDPE, LLDPE supplies in Indian markets; Will other producers raise their ex-work prices?

HDPE and LLDPE supplies to Indian polymer markets have tightened considerably with GAIL shutting down its plant at Pata in Uttar Pradesh for carrying out maintenence, which is expected  to last more than two weeks. In the country's polymer markets, the prevailing demand for the Ethylene-based polymers are quite strong, according to market inputs received. The prevailing demand and supply situations in respect to the polymers indicate a possibily of the other producers hiking their ex-work prices for the polymers in the next price revisions.

Booking price for Methanol declines- will that impact market prices?

Methanol prices in Mumbai have declined due to oversupply of imports at the Mumbai port. The booking price for Methanol have dropped from $500 per metric tonne to $480 per metric tonne over the course of a week at Mumbai port. In line with this, GNFC also decreased its basic price by Rs 1.5 per kg on 8th March, 2014. Indianpetrochem spoke to some traders to comprehend the demand-supply dynamics for Methanol in India, specifically Mumbai.

Moderate demand for Polystyrene in Mumbai market amid falling prices

The price for Polystyrene has been bearish in the Asian markets due to lackluster demand and stifled performance in the upstream sector, specifically Styrene Monomer. This has affected Indian markets as cheaper imports has put a downward price pressure for the polymer in the country. Indianpetrochem reviewed the market sentiment for the polymers amongst traders in Mumbai.

EDC prices bullish; will that impact PVC prices in India?

The bulk price for EDC (Ethylene dichloride) has increased by Rs. 4-5 per kg over the past two months in Mumbai to current trading levels of Rs. 36-37 per kg. There is a market expectation that these prices will further gain momentum in near future due to limited stock supplies. Indianpetrochem spoke to traders and end-user customers to understand the implication of this market trend on PVC prices in India.

Supply shortage of Styrene Monomer in India due to Asian price trend

Styrene Monomer price in Asian markets have declined, as India is completely dependent on imports, this trend is expected to have significant impact on the domestic markets. Currently, the price as well as demand for Styrene Monomer is stable in the New Delhi and Mumbai markets. In this light, Indianpetrochem spoke to traders in Delhi and Mumbai to comprehend the stock position for the petrochemical across the country.

PET demand dull despite recent price decline

In the month of February, overall demand for PET resins has been sluggish in the country. In Asia, the prices for PET has declined in due to a surge in MEG prices, addition of new manufacturing capacity, large stock inventory  and weak demand conditions. In line with this international trend, Reliance Industries decreased its list price last week by Rs. 2 per kg. Indianpetrochem spoke to some trades and end-user customers across the country in order to access the implication of these events on the demand situation.

EVA demand steady amid domestic market price fluctuations; an insiders perspective

Since the beginning of Februaury, the market price for EVA in India have been very volatile, while the demand for the polymer remains steady in the Mumbai and New Delhi markets. As of last week, RIL hiked its list price for the polymer by Rs. 2 per kg. The website spoke to some traders on this matter and surveyed the market sentiment for the polymer amongst traders across the country.

PA price likely to remain stable on uniform demand conditions

The price of Polyamide (PA) hasn't moved significantly since the beginning of this month while the demand for the engineering plastic has been moderate in the Indian market. Indianpetrochem surveyed the market sentiments by talking to various traders across the country, in order to comprehend the demand condition from the end-user industries with respect to the engineering polymer.