chemical Prices

The price of Maleic Anhydride has risen due to a combination of tight supply and ongoing logistical challenges. Maleic Anhydride's rising cost significantly impacts the downstream UPR's (Unsaturated Polyester Resins) stocking sentiment. The supply situation of the Maleic Anhydride market continues to fuel the significant rise, bringing the price severely near to the record high. From the standpoint of Maleic Anhydride trends in the first quarter of 2022, prices have constantly seen upward trends because of the low availability. Furthermore, the feedstock Benzene and upstream Crude oil quotations have remained unchanged at higher levels. The geopolitical situation has had an unpredictably negative impact on the downstream textile and garment industry. The downstream Polyester and Nylon fiber prices in the downstream market have reached new highs. As a result, both domestic and international purchasers were apprehensive about placing orders. Benzene is the major feedstock for M...

  The prices of Tertiary Butyl Alcohol displayed an upsurged in the global market due to spiked Upstream Crude oil prices. The ongoing geopolitical clash between Russia and Ukraine has already become a concern for the global players in Crude oil. Traders were affected due to the supply-chain disruptions amid robust demand from the international market, which has forced the crude oil prices to fluctuate, reaching around USD 120 per barrel. Furthermore, strong demand for Tertiary Butyl Alcohol from Paint Industries has been forcing the prices higher in the global market. Tertiary Butyl Alcohol is utilized as a solvent in the pharmaceutical industry. As per the ChemAnalyst database, the costs of Tertiary Butyl Alcohol FOB Marl Germany were settled around USD 1340 per tonne, while in India CFR JNPT, it was assessed around INR 134400 per tonne. The Russia–Ukraine crisis has resulted in a sharp uptick in the Upstream Crude oil prices and feedstock Acetone, which resulted in a difference ...

R-PET, Recycled Polyethylene Terephthalate, is a recycled commodity constituted from R-PET flakes and is being used widely in different downstream industries. The global market for R-PET witnessed a price surge in the last few weeks on the back of strong demand and rising crude oil prices. A significant need for R-PET comes from the packaging industry. The automotive and construction sectors are another few segments contributing heavily to the demand for R-PET. The automotive industries have developed new and advanced technologies to sort and recycle plastics from end-of-life vehicles (ELV) to cater to the overall potential of R-PET. R-PET is used in the construction sector to enhance the durability and strength of building materials. As the Constructions are growing worldwide, so is the demand for R-PET. The rising awareness among consumers about single-use plastics and plastic wastes overflowing the landfills also influences big companies to incorporate recycled plastics into their...

Propylene , one of the widely used feedstock, has several derivatives employed in distinct downstream industries. Polypropylene is the most utilized Propylene derivative primarily used in automotive industries. Propylene oxide, another derivative, finds its usage in mattresses, car seats, and construction chemicals. Simultaneously, Acrylonitrile is a significant constituent in polymers and elastomeric fibers. The market for Propylene derivatives witnessed a bullish pricing trend in the last few weeks. The prime reason behind this surge is the growing crude oil price trend. The ongoing conflict between Russia and Ukraine are propelling crude oil prices upward, resulting in fuelling Naphtha prices. Consequently, raising Propylene prices and its derivatives as Naphtha is the feed for Propylene. The rising upstream cost involved in Propylene production, in turn, is affecting the supply rate of the same. Furthermore, several industries have a strong demand for Propylene derivatives due to ...

Water-soluble fertilizer, Urea Phosphate has been endlessly rising due to a steep rise in the prices of natural gas. As per ChemAnalyst data, the prices of Urea phosphate were observed at USD 981.84 per MT in March with an upsurge of 9.49% from last month’s price, i.e., 896.75 per MT. Russia is the world’s largest exporter of fertilizers and the world’s second-largest producer of Natural gas. Fertilizers constitute a significant share in the growth of agricultural commodities and crops across the world and a substantial share of input cost. Urea phosphate is an excellent source of useful Nitrogen and Phosphorus and is used in agriculture to fertilize a wide variety of soils and horticultural crops. Demand for fertilizers increased in the agricultural sector, due to supply and demand-side factors during the rabi cropping season, i.e., October - March, a peak season for plantation of winter sown crops like Wheat. The price of Urea Phosphate increased in India mainly due to the Russia-Uk...

China's beleaguered economy continues to grapple with stagflationary pressures from Russia as it continues its military onslaught on Ukraine. Along with their allies, the western economies have taken retaliatory steps in the form of heavy sanctions whose impact can be seen on the Russian economy, which has resulted in the soaring Crude Oil prices globally. Skyrocketing oil prices triggered by the sanctions on Russia's energy supplies will likely exacerbate China's already-challenging economic stimulus in the forthcoming period. China, the world's largest oil importer, moves forward with a 5.5% growth target in 2022, which seems quite gloomy, considering the ongoing war situation as it is currently struggling with low export demand and consumer spending power. Beijing has cut ties of its large energy supplies with Russia to stabilize the slowing economy. However, the Chinese businesses are battling low-profit margins as the oil prices are now 40% higher than they were t...

Global oil prices have skyrocketed this week on the back of western sanctions against Russia, with benchmark Brent crude breaking over USD113 per barrel, its highest level since June 2014. Despite Russia's invasion of Ukraine hurting global edible oil supply, industry leaders warned on Thursday that the world's largest white oil users, China, and India, are delaying imports as prices increase to historic highs. China needs immediate replenishment of its vegetable oil supplies. The demand is strong, but the high prices have deterred potential buyers. Extreme volatility in crude oil prices has also led to white oil fundamentals inflation. In the first week of March, oil prices rose by 1.5-2%. White Oil Technical grade CFR Shenzhen prices in the week ending 4th march were assessed at USD 1195/MT. Malaysia and Indonesia are the world's largest exporters and producers of white oil. Their domiciliary white oil status will have an impact on the worldwide white oil pattern. While ...

Agricultural material supply is at its height during the spring ploughing season.  Manufacturers and suppliers will be under strain, as demand will climb, and prices will skyrocket. The China fertiliser wholesale price composite index as of February 28, was 3120.59 points indicating a seasonal increase.   The cost of raw materials to produce chemical fertilisers has increased dramatically. The rising cost of raw materials such as phosphate rock, sulphur, and synthetic ammonia has been affecting phosphate fertiliser, and the price is still rising. In terms of potash fertiliser, the importers in China just signed an annual supply contract with Canada Potash Fertilizer Company. The CIF price was USD 590 per tonne, up 139% from the previous year. The market's wait-and-see attitude grew stronger after the contract price was announced, resulting in a price-maintaining mentality in the domestic market. Another factor is the rising foreign fertiliser prices driving up domestic f...