A combination of factors is at work, get the latest price here

8Has the price witnessed a movement today?

8Find out the price trend

8Has the price witnessed a movement today?

8The global price index includes trends from the previous month, however, the price moved today in multiple regions

8Find out the latest prices here, including trends over the past month

8After a brief period of stability, Soap Noodles (Grade 80:20) prices in Delhi have seen a notable increase. Specifically, the price of Adani Wilmar soap in the Delhi market has increased by Rs.5/kg, moving from Rs.97/kg on July 25, 2024, to Rs.102/kg on October 3, 2024, following four to five days of stability

8Who’s making waves and who’s just treading water?

8How are global butadiene behaving?

8The price witnessed a movement, find out by how much

8The market for anhydrous hydrofluoric acid in Ahmedabad has witnessed a significant price surge, with the chemical now being sold at Rs.230/kg. This sudden increase comes as demand for the compound continues to rise, especially from industries such as chemicals, electronics, and pharmaceuticals, which rely heavily on hydrofluoric acid for various applications including etching, cleaning, and manufacturing processes

8In today's trading session, the price of rubber accelerator TMTD, produced by Lanxess, witnessed a slight decline in the Delhi market. On October 3, 2024, the rate decreased by Rs.3/kg, bringing the price down from Rs. 238/kg to Rs. 235/kg

8Isophthalic acid, produced by Lotte Korea, has seen a price drop in the Mumbai market after maintaining stability for several days. The chemical, widely used in the production of resins and coatings, experienced a decrease in its rate today

8After a period of relative stability, acrylic acid prices in the Mumbai market witnessed a notable decrease today. On October 3,2024, prices have dropped by Rs.4/kg, bringing the rate down from Rs.96/kg to Rs.92/kg

8The Delhi fiber market experienced a notable surge in the prices of FDY grade 150d today, According to sources from Indian Petrochem, the prices have increased by Rs.2/kg on October 3, 2024, from Rs.113/kg to Rs.115/kg

8In the latest development within the Delhi chemical market, the price of mancozeb, a widely used agricultural fungicide, has seen a marginal decline. Today, the price has fallen from Rs.174/kg to Rs.171/kg, registering a sharp cut of Rs.3/kg

8Carbendazim prices have sharply risen in Mumbai today. On October 3, 2024, carbendazim imported intact prices in Mumbai were up from Rs.436/Kg to Rs.438/Kg marking a significant rise of Rs 2/kg

8Today saw a sharp cut in Base oil (SN400) prices in the Delhi energy market, indicating a shift in market trends. On October 3, 2024, the price of the product dropped from Rs.86/Kg to Rs.85/Kg, marking a Re.1/Kg decrease

8LDPE (1070LA17) prices in the Chennai market were marginally higher today. According to Indian Petrochem analysts, prices have moved up from Rs.138/kg to Rs.139/kg

8Today, saw a cut in a Isopropyl Alcohol (IPA) prices within the Kandla Imported tanker load chemical market, indicating a shift in market trends. On October 3, 2024, the commodity's price dropped from Rs.99/Kg to Rs.97.5/Kg, marking a Rs.1.5/kg decrease. This decline underscores a fluctuation in market conditions within the chemical sector

8The Mumbai market has experienced a significant surge in Mixed Xylene (MX) imported tanker load prices. This increase is driven by a combination of tight supply conditions and rising demand from downstream industries, particularly in the production of chemicals and solvents.On October 3, 2024, Mixed Xylene (MX) prices in Mumbai were quoted higher from Rs.68/Kg to Rs70/Kg a hike of Rs.2/kg

There is a big rush to set up petrochemical plants in India
8There are these big four consultants who paint a rosy picture of petrochemical demand
8But there are some big roadblocks ahead. The market may in fact crash. And the rosy demand figures may not hold true.
8The rush by public sector units to set up sub-optimal capacities, in the context of capacities by RIL and other global players, must stop.
8There is the fond hope that the Indian government will create entry barriers to ensure Indian production stays shored up. But that may not happen or the protection may not be adequate.
8There are good reasons to stop and re-think

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