IPA prices have particularly been very volatile since the past few weeks in the Indian market on account of limited stock availability. To this effect, there are no offer for imports, Ex-Kandla, for the chemical ever since the last week of June. Prior to this, IPA prices touched highs of Rs. 130 per kg Ex- Kandla.
Trending from Indianpetrochem previous news story on IPA, there was a speculation that by first and second week of July, imported IPA should be available in major Indian market. Following which IPA offers for delivery in month of July was at Rs. 96.50, while offers with delivery in August was around Rs. 94.50 per kg.
However, these futures for IPA have ceased in the market this week as there are no prospects of any new IPA shipment delivery in the month of June.
"There is a speculation that a prominent IPA importer may import the chemical during August, but as of now, there is no surety on this matter", an IPA trader informed the website.
Consequentially, this week Deepak Fertilizers and Chemicals performed an upward basic price revision for the chemical by Rs. 5 per kg to Rs. 120 per kg.
In context of rising, volatile IPA prices, its significant to note that the demand for the chemical is strong from the paint and pharmaceutical companies. However, future price trend for IPA is completely reliant on the supply position of imports
Note:- All prices are exclusive of all taxes
Trending from Indianpetrochem previous news story on IPA, there was a speculation that by first and second week of July, imported IPA should be available in major Indian market. Following which IPA offers for delivery in month of July was at Rs. 96.50, while offers with delivery in August was around Rs. 94.50 per kg.
However, these futures for IPA have ceased in the market this week as there are no prospects of any new IPA shipment delivery in the month of June.
"There is a speculation that a prominent IPA importer may import the chemical during August, but as of now, there is no surety on this matter", an IPA trader informed the website.
Consequentially, this week Deepak Fertilizers and Chemicals performed an upward basic price revision for the chemical by Rs. 5 per kg to Rs. 120 per kg.
In context of rising, volatile IPA prices, its significant to note that the demand for the chemical is strong from the paint and pharmaceutical companies. However, future price trend for IPA is completely reliant on the supply position of imports
Note:- All prices are exclusive of all taxes
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