Published on September 20, 2017
Methanol prices have increased from the start of August and reaches to its high point in early September. After wards prices has been declining as demand has plunged and material availability was sufficient. In the August average methanol prices were evaluated at Rs 23.71/kg while in early Sep methanol prices were ascertained at Rs 33.5/kg but again prices has dropped to the level of Rs 29/kg. Market has revealed volatility with fluctuation in the prices. Presently market players are concerne ..
Published on September 18, 2017
Last week was completely dedicated to the tropical storm Harvey. The Texas, where the storm has hit hard was in discussion all over. This was regarded as one of the worst hurricane in the history of the US. The major refineries are located in this region of the country. All the refineries lying in this belt were closed down holding around 28-30% petchem capacity of the country. To be specific with MEG, the country produces 2.2 million mt/year with most of the facilities located in Texas. Dow, F ..
Published on September 6, 2017
Methanol prices have been rising since the start of August in Asian market. Domestic methanol prices in the beginning of August were in the range of Rs 22-23/kg while Sep 4th methanol prices were evaluated at Rs 30/kg, up by around 25%. In China market also methanol market is moving with highly positive note, For the first week of August CFR China and CFR India prices were evaluated at USD 284/mt and USD 250/mt respectively while with the start of Sep Methanol prices were assessed at USD 3 ..
Published on September 6, 2017
The Chinese government in past few years has been taking strict norms related to environment protection. There have been several mishaps in petrochemical units which in last few years leading to death of many people. The surrounding environment has been the highest affected area mainly due to leakage of harmful gases or instance of fire washing away whole of the town. This has compelled the government to take strict and safety measures for all the petrochemical giants. Currently fourth round of ..
Published on May 31, 2017
Recently China hosted “One Belt One Road” forum which was attended by heads of around 100 countries including the heads of African nations, South Asian countries, Russia and Europe. There were higher ranked dignitaries as well which includes the president of the World Bank and the managing director of the IMF. In this entire summit India distanced itself and decided not to participate in OBOR policy. The idea of this policy this is to rebuild the old marine and overland trading rou ..
Published on May 24, 2017
There has been persistent weak demand and weakening of prices in petrochemical market in Asian countries this year. Asian markets have been the poor performers in international market in petrochemical segment. The downward in this segment was prominent due to slacking of crude values in international market. This in turn led to weak demand in the downstream segment. The major petrochemical feedstock naphtha closed at $453.50/tone CFR last week in Japan, down from the average ..
Published on April 18, 2017
Prices of domestic methanol product plunged notable in one month duration. In the month of March average methanol prices were assessed at Rs 29/kg although presently prices has ascertained in the range of Rs 22-23/kg. A sharp plunge in the prices was on account of good amount of material availability and bearish sentiments from downstream sectors. Previous week CFR India prices of methanol were assessed in the range of USD 288-308/mt and CFR China prices were remained in the range of USD 281-30 ..
Published on February 20, 2017
Recently Methanol prices surged with very fast velocity. This month Chinese methanol market strengthens with prices of imported positive. In near term Chinese methanol market is anticipated to remain strong. As per the recent report in near term some of the downstream plants restarting on account of this methanol demand will go up. Downstream sectors, acetic acid and formaldehyde see the fastest recovery, with plant operating rates escalate to around 80% and 21% respectively. MTO industry resta ..
Published on October 25, 2016
Phenol prices have declined in India on account of supply glut. Presently in Indian market material is available in good amount but demand sentiments have been weaker. On account of upcoming Diwali festival suppliers also have plunged the prices as all the players want to shut the deals before the market close for the festivities. Imported quantity of phenol in the month of September was around 22023mt, while material availability at Kandla port till 20th October were around 35,000-36,000mt, a ..
Published on October 20, 2016
Recent shoot up of melamine prices has made the market players uncertain over how prices will trend in the near term. Chinese domestic melamine prices have augmented stridently as production cut due to government obligatory inspection has made the supply shortage. This week domestic melamine prices were assessed in the range of Rs 106-107/kg for Mumbai and Rs 108-109/kg for Ahmedabad ports of India. As per the report, in the month of September imported quantity of melamine were around 2880MT, ..