Chemicals News Today

Ethyl acetate increased in the indian market, operating in the ₹66.5–₹67.5/kg range depending on customer location. Severe feedstock shortages, rising ethanol costs, and reduced imports have tightened supply significantly. With possible plant shutdowns and manufacturers prioritising exports, market sentiment remains strong and prices may continue rising through December.

GNFC has increased Acetic Acid prices by Rs. 1/kg basic, effective December 4, 2025. The revised basic price for tanker supply is ₹33/kg, while carboys supply is now priced at ₹45.50/kg, applicable immediately.

Sinopec Great Wall Energy and Chemical is preparing to shut its 410,000-ton/year Acetic Acid plant in Ningdong, Ningxia, China for maintenance. Additionally, the company has reduced its Phenol offers in east China by CNY 200/ton effective 3rd December 2025.

Reliance Industries Limited (RIL) has reduced domestic polyethylene (PE) prices by ₹1,000/MT, effective 4th December 2025, and has simultaneously withdrawn its price protection. Meanwhile, the company has kept polypropylene (PP) prices unchanged for the same date.

SABIC has announced a Force Majeure on low-density polyethylene (LDPE) supplies effective 3rd December 2025 due to a power outage at its Wilton, UK facility. The affected unit has a production capacity of 400,000 tons per year, impacting LDPE availability in the market.

RIL launched a PVC incentive scheme for Dec 2025, offering discounts of ₹1,000, ₹1,500, and ₹2,000/MT based on quantity. An Early Bird Incentive of ₹1,500/MT applies for purchases made between Dec 1-17.

PVC prices in Asia declined due to ample supply and India's non-imposition of anti-dumping duties. Prices in India plunged by USD 40-50/mt to USD 610-640/mt CFR, with a domestic producer cutting prices by Rs.4/kg.

India's DCPC, on Nov 20, 2025, removed mandatory BIS certification for six key chemicals, including Vinyl Sulphone and Pyridine. This immediately eases compliance for manufacturers and traders, while other QCOs remain active.

Malaysian palm oil futures experienced a slight decline on Wednesday, mirroring the easing trend in Dalian palm oil, which pared some of its earlier gains.

India aims to boost pharma, chemical, and other exports to the Russia-led EAEU bloc to cut its $59 billion trade deficit. Facing non-tariff barriers, India seeks to increase its modest 2.3% share in Russia's import basket.