With Crude oil almost breaking the $50 a bbl level, Toluene doesn’t seem to stabilize any soon. Indianpetrochem.com took a review of toluene prices from the 1st of December 2014 till date.
Wednesday 7 January 2015
Styrene Monomer dips further amid week buying sentiment in international market
Styrene monomer (SM) market looks uncertain going into the year 2015. The plunge was driven by falling crude, benzene and naphtha prices. The fall was further triggered by weak upstream and energy sentiment combined with sluggish derivative demand.
Methanol Prices Decline Sharply in Indian Market
Methanol prices have decreased consecutively over the last one week on account of slow demand in Indian market. Indianpetrochem assimilated that the rationale behind this drop in prices was low demand for the chemical in the domestic market. Keeping in view with this, importers have been trying to clear off the remaining stock on low margins.
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