Published on September 18, 2018
The year 2018 has been full of trade wars and part and counter-part measures on trade imports. July was the month when US imposed fresh set of trade tariffs on imports from China. Now it will impose tariffs on $ 200 bn worth of imports which include plastics and petrochemicals. The effect will come into existence on 24 of this month. Still international market is yet to digest this sanctions, the US government has come up with fresh set of tariffs. The current tariffs are 10% and will rise ..
Published on February 21, 2018
Presently methanol market is moving with stable-to-soft velocity. No major deals and discussion has been heard from end users. Domestic methanol prices were assessed at the level of Rs. 26.25/kg for Kandla and Mumbai ports of India. In China, there is a quiet period of demand on China’s Lunar New Year holidays, which falls between 15-21 February. China’s methanol imports in February will go down due to Spring Festival holiday. This year global methanol production capacity is expecte ..
Published on November 30, 2017
With the beginning of the month November domestic methanol prices has started upward move. On 1st nov methanol prices were evaluated around Rs 23.5 for Kandla and Mumbai ports of India and on 28th Nov prices were assessed at Rs 28.25/kg during one month period around 20% prices have increased. Methanol booking prices also have increased, in the first week of November CFR India methanol prices were evaluated in the range of USD 295-315/mt while in the last week methanol prices have increased by ..
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 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 ..
