Chemicals News Today

Methanol prices strengthened globally as supply concerns intensified following disruptions around the Strait of Hormuz. China futures surged sharply, lifting Asian spot prices above $300/tonne. India prices ranged between ₹35–41/kg amid rising import parity and varying cargo arrivals, with supply risks dominating current market sentiment.

Styrene prices in India held steady at ₹96–97/kg as Asian benchmarks rebounded on firmer benzene and renewed post-holiday buying. Global supply remains adequate, but restocking has tightened the near-term range. India’s full import dependence keeps domestic pricing closely aligned with international feedstock and freight movements.

IPA prices in India softened slightly to ₹83–84/kg amid weak downstream offtake and comfortable supply. US markets also edged lower on flat distributor buying and ample inventories. With no production disruptions and steady operating rates, the market remains balanced-to-bearish, with limited catalysts for near-term upside.

Acetone prices in India stayed range-bound amid weak global demand and persistent oversupply. Capacity additions, especially in China, continue to outweigh consumption growth. Elevated inventories are capping any price recovery. Near-term outlook remains stable to mildly bearish, with limited triggers for sustained upside.

Acetic acid prices in India remained firm, supported by low port inventories and higher import parity from China. Asian markets stayed largely rangebound as tight prompt supply offset weak derivative demand. Short-term stability is expected, with limited upside despite gradual supply improvement.

Methanol prices softened marginally across Asia and India as cautious buying and workable supply levels dominated trade. China domestic prices corrected more sharply, improving limited restocking interest, while India and Southeast Asia remained range-bound. Balanced supply conditions and muted demand kept volatility contained.

Acetic Acid prices surged across domestic and imported markets, driven by tight global supply, lower Chinese operating rates, and rising upstream methanol costs. Indian port inventories dropped as imports faced delays, while several global shutdowns intensified shortages. With INR weakness and strong buying sentiment, prices are expected to rise further through early 2026.

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.

Toluene prices in India increased due to short-term port tightness, while China saw marginal gains driven by steady demand and stable refinery output. Crude oil weakened globally, affecting sentiment across aromatics. Despite softer crude cues, local shortages will support Indian prices in the near term, keeping the overall outlook stable to slightly soft.

Acetone prices fell by ₹3/kg due to weak downstream demand, steady domestic production, and consistent imports. Soft benzene and propylene prices further pressured sentiment. While demand from paints, IPA, and DAA remains weak, a recovery is expected from the pharma sector by December–January, which may help stabilise prices.