Spread between GNFC ex- works price and Ex-Kandla bulk price likely to narrow in future for Aniline

Escalating benchmark price of Benzene in the Asian markets has put considerable pressure on most of its downstream derivatives in international and local markets. Recently, Phenol prices in India have also augmented on this account. Now, there is a probability that Aniline prices in India might also escalate as the price differential of Rs. 10-11 per kg exists between Gujarat Narmada Valley Fertilizers and Chemicals's (GNFC) ex-works price and the imported bulk price of the chemical in Gujarat.

Strong demand likely to trigger upward EVA price movement in Indian market

The prevailing demand for the EVA material is strong in Indian markets. Traders expect further strengthening of the demand in the near future, that also is likely to trigger upward traversal of the price. Moreover, rising price of the key feedstock--Vinyl Acetate--also triggers apprehension of EVA price moving northwards.

IPA prices to decline due to competition in domestic markets

Limited stock availability of Isopropyl Alcohol (IPA) by Deepak Fertilizers and Chemicals in India has escalated the bulk price to trading range of Rs. 120-125 per kg, Ex- Kandla, this week. Deepak Fertilizer is the sole manufacturing company for IPA in India and due to its turnaround last month, Indian markets was completely reliant on imports.

n-Butanol prices expected to remain stable despite Andhra Petrochemical shutdown

Andhra Petrochemicals is the sole manufacturer of n-Butanol in India. However, due to competitively  priced imports and rising feedstock prices supplied by Hindustan Petroleum Corporation Limited (HPCL), the company has ceased its plant operations since 26th May, 2014. This shutdown has marginally impacted bulk prices recently and, going forward, there are expectations of a stable price range.

Global cues push Toluene prices in India

Toluene is one of the most heavily traded aromatics amongst traders in the Indian market. Most traders in India are taking a "long position" on the aromatic, as there are definite expectation that all aromatic prices will eventually gain weight due to high upstream cost caused by the political insurgency in Iraq. This review surveys the market sentiment for Toluene across various trading hubs in Indian.

PET market price to go up in India on RIL's upward price revision

PET buyers in India expect the open market price to go up considerably  after recent upward price revision for PET by Reliance Industries Limited (RIL).  RIL hiked its PET price on account of the price of the principal feedstock-PTA-has been moving up  in  key Asian regions.Stocks of the PET material are available in the markets to cater to the demand, which is significantly strong due to active manufacturing of beverage bottles.

Limited availability of domestically manufactured MEG in India make bulk prices volatile

There are three main domestic manufacturers of MEG in India, mainly Reliance Industries Limited (RIL), India Glycols Limited (IGL) and Indian Oil Corporation Limited (IOCL). However, since the past few months supplies from most of these manufactures have been constrained in the local markets from time to time due to various reasons. Currently, only one domestic manufacture's stock is available in the market, while import bulk price have constantly been gaining weight over the past few months. This review, summaries the domestic plant closure/captive consumption saga, import price fluctuations and bulk price moment of the chemical during current peak seasonal demand .

High booking price and strong demand push Acetone prices in India

The bulk price of acetone gained weight this week on account of demand- supply imbalance for the solvent in major trading hubs in India. This review considers the impact of booking price fluctuations, latest demand moment and bulk price movements of the chemical in the Indian market.

PVC shortage in Indian markets to ease as RIL likely to resume operations of its suspended plant soon

The prevailing acute shortage of PVC stocks in Indian polymer markets is likely to ease soon as Reliance Industries Limited (RIL) is going to resume commercial operations of its capacity-expanded plant in the next few days. The suspension of commercial operations of the plant, situated at Dahej, was for conducting trial runs after expansion of the production capacity from 245,000 tonne per annum to 345, 000 per annum. It was learnt from a source that the suspended plant was in advanced stages of resumption of operations, which could be expected in the next few days. The stoppage of supply from the plant has been rendering traders unable to cater to the active demand prevailing in the country, on account of full-fledged manufacturing of end-products, especially PVC pipes. Buyers, thus, were left with no other option but to purchase imported variants of the Vinyl-based raw material. Traders have been selling imported PVC at around Rs 94 a kg (LG), and Rs 92 a kg (China-origin), according to market inputs received.