Latest ADD on Phenol imports set to change trade flows to India

The bulk prices for Phenol, ex- Kandla, have declined significantly this week on account of appreciation of the Rupee due to imminent formation of strong governance in India. Also, it’s important to note that the Indian government has imposed Anti Dumping Duty (ADD) on Phenol imports from Taiwan, which is one of the main exporting counties to India. This review takes a snapshot of the recent price fluctuations for the chemical in the Indian market and captures market dynamics within the country.

PET demand rises with summer season setting in

Demand for the PET material is strengthening in the major markets in India with the onset of the summer season. Most end-users are also learnt to refill their PET stocks in view of satisfactory demand conditions ahead for their end-products. A trader in the Mumbai market said," Demand for PET has been increasing and it is expected to strengthen further in the coming days."

LAB prices remain steady in Indian markets on uniform demand

Uniform demand conditions for LAB in Indian markets have resulted in the price remaining almost steady. Interestingly, two contrasting procurement patterns were learnt to be prevailing in the eastern and the western parts of India.

Shortage of LDPE stocks leads to apprehension in market price going up

LDPE price in the Mumbai market is likely to go up in the coming days as stocks available with traders in the market are dwindling on non-receipt of fresh supply. Traders in the market told the website that the prevailing demand conditions were dull, however, they expected that the demand to strengthen in the coming days. On the prevailing market conditions in respect to the polymer, a Mumbai-based trader said," Demand for the LDPE material is not satisfactory these days, but, it seems to strengthen in the coming days."

Is there short supply of MEG in Indian markets?

Limited supplies of domestically manufactured Mono Ethylene Glycol (MEG) in the Indian market against imported MEG gives mixed impression about the present supply situation for MEG in the country. In this review the website enlists the reason for current domestic short supply, while the demand gains momentum from end user industries.

Acetonitrile price shoots up in Indian markets on low imports

Irregular arrival of import shipments of Acetonitrile have caused shortage of the chemical in Indian markets, resulting in price of the chemical going up remarkably.