Published on December 9, 2014

The over plunging of petrochemical products has raised alarming situation for all the leading oil producing countries. Over crashing of crude prices week over weeks has slashed the prices for chemical like Toluene, Benzene, Mixed Xylene, Phenol and all other related by products. This plunging has very little effect on the Methanol pricing. Demand for laminate post Diwali has been restricted in India. This industry is such where customer knowledge is least and driving forces are the local distributors. Customers don’t look out for variety and depend on the consulting service for the same.

Slowdown in real estate sector and weakened market activities has been depressing for the laminate industry. Now again with rise in prices of Methanol due to onset of winter the industry is set to pay high prices for the raw material. The plywood manufacturers are again hit high by hunch in demand. Low booking in the real estate sector coupled with regime of high interest rates has also hampered the real estate sector. There has been significant order crunch in the orders in the Film face plywood category.

The revival of real estate sector can only boost up the demand for laminates.  Moreover there has been improvement in the manufacturing techniques along with technology in Western India.