#epichlorohydrin(ech)

[riyarajawat]

Precipitated silica prices see a cut in Delhi

On July 03, 2023, petrochem sources reported a fall in Precipitated silica-grade Tire-grade prices in the Delhi market. Debilitated regional demand and excess supply have led to the price fall. The current price of  Precipitated silica grade Tire-grade in Delhi went down from Rs.76/Kg to Rs.75 /Kg, a fall of Rs.1/Kg. 

[riyarajawat]

Methylene Dichloride (MDC) prices dip in Ahmedabad

A significant fall in Methylene Dichloride (MDC) prices in the domestic market of Ahmedabad was recorded today. Weak regional demand coupled with excess supply led to the price fall. Chemical sources confirmed that Methylene Dichloride (MDC) prices would maintain a balanced trend within the next few days. On June 3, 2023, Methylene Dichloride (MDC) domestic prices in Ahmedabad went down from Rs.42/Kg to Rs.38/Kg, a slip of Rs.4/Kg. 

[riyarajawat]

Formic acid price high in Mumbai

A sharp lift in Formic acid prices is noticed in Mumbai prices. Reports of improved demand trends supported the price rise in the Mumbai market. On June 3, 2023, Formic acid imported intact prices in Mumbai was assessed at Rs.62/Kg, a surge of Rs.1/Kg, from the previous Rs.63/Kg price.

[riyarajawat]

ACN price plunges: International price news

Acrylonitrile (ACN) prices drift lower in the European region.

On Friday, CIF MED ACN prices were assessed at the USD 1145-1155/mt levels, a week-on-week drop of USD (-15/mt).

Prices declined as demand emotions were reported to be consistently poor due to restricted buying activity caused by grim macroeconomic conditions such as inflationary pressures and rising interest rates. A regional oversupply scenario also had a role in pulling prices lower. Furthermore, unfavourable demand feelings in the downstream ABS sectors and bearish upstream propylene values weighed on prices. 

Market participants expressed worry that macroeconomic headwinds such as inflation and recession had harmed market fundamentals and that there was little likelihood of a rebound in demand for the rest of the year. 

Spot propylene prices on Thursday were assessed at the Euro 430-440/mt FD North West Europe levels, a tumble of Euro (-60/mt) from the previous week.

The propylene feedstock contract price for June 2023 settled at the Euro 1050/MT FD North West Europe levels. This price represents a sharp drop of Euro 80/MT from its May 2023 settlement levels.

Meanwhile, in Asia, ACN prices on Friday were assessed at the USD 1240-1250/mt CFR Far East Asia levels, unchanged week on week.

[riyarajawat]

The prices of Benzyl alcohol are decreasing

According to Petrochem sources, the price of Benzyl alcohol on the Mumbai market on June 30, 2023, has decreased. This decrease is due to an excess of the material, which causes a drop in pricing. Domestic intact  costs of benzyl alcohol  in Mumbai are now at Rs. 178/kg,  Rs. 2/kg decrease from the previous price of Rs. 180/kg.

[riyarajawat]

Phosphorus acid prices are high in Mumbai

A sharp lift in phosphorus acid prices is noticed in Mumbai prices. Reports of improved demand trends supported the price rise in the Mumbai market. On June 30, 2023, phosphorus acid imported repack prices in Mumbai were assessed at Rs.148/Kg, a surge of Rs.5/Kg, from the previous Rs.153/Kg price. 

[riyarajawat]

Acrylamide prices are decreasing

The Mumbai imported market saw a reduction in the price of acrylamide on June 30, 2023, with the price dropping from Rs. 140/kg to Rs. 138/kg, a decrease of Rs. 2/kg. The price drop is believed to be a result of slow regional demand combined with an excess of chemicals in the market.

[riyarajawat]

Mumbai records high MEG Prices

An increase in MEG prices has been noted in Mumbai today. A growing demand contributed to the price rise. The current price of MEG Imported tanker load at  Mumbai is Rs.49/Kg, an increase ofRs.2.5/ Kg, from the previous price of Rs.46.5/Kg.