There has been improvement in demand of petrochemicals in India maket past few weeks. The rise has been in particular dut to beginning of festive season across the nation. Next week there will be starting of Navratri festival which will further boost the demand for chemicals like Acetic Acid, vinyl acetate monomer, acrylonitrile, and styrene. Most of the households make changes in their houses or make heavy purchase in this festive season.
Acetic acid has gained support from the clinical demand and fesdtive demand, although the year on year consumption is lagging behind. Methanol the main product of Indian market has now increased its reach and the amount of import has also increased. Last two months’ average import was of 85% of last year imports. Still heavy stock is available at Indian ports.
