#scraptitanium

Isobutyl aldehyde prices in the Mumbai market fell on June 9, 2023. Price declines are caused by excess supply and low demand. Today, the material's imported intact price has been reduced from Rs.236/Kg to Rs.235/Kg, a Re.1/Kg decrease.

Petrochem sources reported a drop in Polybutadiene butadiene rubber grade 1220 pricing in the Delhi market on June 9, 2023. The price drop is the result of weakened regional demand and insufficient supply. In Delhi, the current price of Polybutadiene butadiene rubber grade 1220 has dropped from Rs.154/Kg to Rs.152/Kg, an Rs.2/Kg decrease.

According to industry sources in Delhi's petrochemical sector, the cost of sodium tripolyphosphate has risen due to a supply shortage, leading to increased prices in the global market. It is expected that prices will continue to rise soon. As of June 06, 2023, the imported price of STPP  in Delhi was recorded at Rs. 130/kg, reflecting a price increase of Rs. 2/kg compared to the previous rate of Rs. 128/kg.

Reliable sources in the petrochemical sector have confirmed that the price of Lauric acid has decreased in the Delhi market. The reason for the drop has been linked to weaker regional demand trends, which have resulted in price reductions. Domestic intact prices for Lauric acid in Delhi were assessed at Rs.105/kg on June 6, 2023, reflecting a significant reduction of Rs. 2 per kilogram from the previous price of Rs.107 per kilogram. Despite these hurdles, industry players are enthusiastic about the petrochemical sector's long-term growth potential.

The petrochemical sector in Delhi has recently noticed a significant increase in the affordability of Palm wax in the Delhi market. Palm wax, a critical chemical substance widely used as a raw material in many industrial processes, has become more accessible, providing considerable benefits to sectors that rely on it. According to reports, the current price of Palm wax for a residential household in Delhi has increased significantly, ranging from Rs. 105/kg to Rs. 108/kg. This rise of Rs. 3/kg represents a significant decrease in the cost of procuring Palm wax for sectors that rely on this critical raw material.

Prices for Caprolactam in the domestic market fell, with the Mumbai market exhibiting a rate drop. According to petrochemical industry insiders, the price drop was caused by sluggish regional demand. On June 02, 2023, Caprolactam (25 kg net sealed bags) prices in Mumbai fell from Rs.146/Kg to Rs.144/Kg, an Rs.2/Kg decrease.

Stearic acid 1843 prices registered a fall in the Mumbai market. Weak regional demand coupled with excess supply led to a price fall. Petrochem sources confirmed that Stearic acid 1843 prices would maintain a balanced trend within the next few days. On June 02, 2023, prices went down from Rs.110/Kg to Rs.108/Kg, a slip of Rs.2/Kg.

According to reliable sources in the petrochemical sector, the price of Absolute Ethyl Alcohol 99.90% has dropped dramatically in the chemical market of Mumbai recently. Strong regional demand for the chemical has been attributed to the decline. It is shown that the Mumbai rates for imported Intact Absolute Ethyl Alcohol 99.90% are Rs. There has been a shortage of 2/kg by June 02, 2023. As a result, a new introductory base pricing of Rs. 120/kg has been prescribed. Businesses that use this chemical in their operations are predicted to notice the effects of a drop in prices.