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On July 03, 2023, petrochem sources reported a fall in Precipitated silica-grade Tire-grade prices in the Delhi market. Debilitated regional demand and excess supply have led to the price fall. The current price of  Precipitated silica grade Tire-grade in Delhi went down from Rs.76/Kg to Rs.75 /Kg, a fall of Rs.1/Kg. 

A significant fall in Methylene Dichloride (MDC) prices in the domestic market of Ahmedabad was recorded today. Weak regional demand coupled with excess supply led to the price fall. Chemical sources confirmed that Methylene Dichloride (MDC) prices would maintain a balanced trend within the next few days. On June 3, 2023, Methylene Dichloride (MDC) domestic prices in Ahmedabad went down from Rs.42/Kg to Rs.38/Kg, a slip of Rs.4/Kg. 

A sharp lift in Formic acid prices is noticed in Mumbai prices. Reports of improved demand trends supported the price rise in the Mumbai market. On June 3, 2023, Formic acid imported intact prices in Mumbai was assessed at Rs.62/Kg, a surge of Rs.1/Kg, from the previous Rs.63/Kg price.

An increase in MEG prices has been noted in Mumbai today. A growing demand contributed to the price rise. The current price of MEG Imported tanker load at  Mumbai is Rs.49/Kg, an increase ofRs.2.5/ Kg, from the previous price of Rs.46.5/Kg.

The development of a petrochemical complex in Saudi Arabia by Aramco and TotalEnergies would increase its ability to generate 1.65 million tonnes of ethylene and other industrial gases annually

Glycerine IP prices in the Delhi domestic market fell significantly on June 26th, 2023. Glycerine IP prices have fallen due to slow buying emotions and weak regional demand, which have damaged the market's overall demand and supply dynamics. The price decline has been triggered by sluggish market circumstances, and it is projected to persist in the short future. Glycerine IP costs have dropped by Rs.4 per kilogram, according to industry sources, with the new introduction of basic price settling at Rs.74 per kilogram.