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.

PVC price not likely to go up in India on account of inactive demand

PVC prices are likely to remain almost stable in Indian polymer markets, as indicated by the prevailing demand and supply conditions. Demand for the Vinyl-based polymer has failed to attain active momentum in the country's markets as the pipe industry (agricultural as well as construction) is still in the slow-down state. A polymer trader in the Delhi market told Indianpetrochem in the context of the prevailing market conditions in respect to the polymer," Demand for PVC has undergone slight improvement, and it is moderately active." He further said," I do not foresee any notable fluctuation in price of the polymer in the coming days. The price is most likely to remain stable."

Methanol prices gain weight in India: implications on its downstream derivatives

The bulk prices of Methanol gained weight by 14% in Ahmedabad market and around 9% in the Mumbai market. In this review, Indianpetrochem analyses the factors implicating the Methanol prices in the country. Alongside, the price movement for its downstream derivatives such as Formaldehyde and Acetic Acid are also examined.

Short supply pushes Acetic Acid prices in India

The Indian markets witnessed a spike in Acetic Acid prices on various accounts. In this review, the website gathers various forces impacting the price of the chemical which finds widespread applications in chemical intermediaries like Vinyl Acetatae Monomer (VAM), Ethyl Acetate, and in end user industries such as dye manufacturing.

Uniform demand to keep LLDPE prices steady in Indian markets

Uniform moderate demand conditions in the polymer markets in India have kept prices of the LLDPE material almost stable. Prices of the material are not likely to undergo any major fluctuation in the near term, as indicated by the demand pattern prevailing in the country.  Describing the prevailing market situations in respect to the polymer, a Delhi-based trader told Indianpetrochem, " Off-takes of the LLDPE material are moderately active, but uniform, and I do not see prices going up or down in the coming days."

Phenol demand moderate yet price hike noted in India

The demand for Phenol is moderate to weak across major trading hubs in India. Interestingly, Phenol's bulk price increased by Rs.3 - 4 per kg at the end of this week, in parallel marginal price hike for Acetone was also observed. Indianpetrochem takes a quick review on the price trend for Phenol and examines the reason for the price hike in this market review.

PVC price not to undergo upward movement in the absence of active demand

The continuance of imposition of Anti Dumping Duty on PVC imports into India is likely to have minimal impact on prices of the polymer in the country, and there is almost no likelihood of the price going up in the country as demand continues to remain sluggish.