Chemicals News Today

Domestic Acetic Acid prices have decreased by Rs.1.00/kg. Currently, prices are Rs.35/kg ++ Ex Mumbai and Rs Rs.34/kg ++ Ex Kandla. GNFC has announced a price reduction of Rs.1/kg on Acetic Acid to Rs.37.5/kg ++ Ex Bharuch. Bulk deals are being reported in the range of Rs.33.5-34/kg ++ Ex Kandla.

European phenol prices have plunged due to declining demand and weak upstream support. The faltering downstream demand from the Bisphenol A industry and supply chain bottlenecks have led to a slowdown in Germany's manufacturing sector.

Polyvinyl Alcohol prices in the Netherlands remain stable due to consistent feedstock Vinyl Acetate monomer prices and adequate stocks to meet demand. The European Central Bank's 4.5% interest rate since 2024 also contributes to this stability.

India's Prime Minister and Union Minister advocate for ethanol production, with sugarcane farmers earning Rs 80,000 crore from ethanol sales in the last decade. They suggest increased ethanol demand could revolutionize India's agro-economy.

Benzene prices are fluctuating due to operational resumptions, demand dynamics, and supply forecasts. Despite current highs, factors like styrene prices and operational rates in China impact the market outlook, urging stakeholders to monitor trends for informed decisions.

As of May 11th, the benchmark price of butyl acrylate remained unchanged at $1305/mt. Also, the prices in the local regions of China are Shanghai Huayi Butyl Acrylate: $1,328.86/mt, Jiangmen Handsome Butyl Acrylate: $1,372.88/mt, Satellite Chemical Butyl Acrylate: $1,434.81/mt.

GNFC has recently adjusted its Ethyl Acetate price to Rs.71/kg Ex Bharuch. In the Northern region, leading manufacturer IOL is offering Ethyl Acetate priced within the range of Rs.73/kg ++ Ex Plant. Accord Organics Pvt Ltd has set its Ethyl Acetate price at Rs.72/kg ++ Ex Ahmednagar, Maharashtra.

Argentine biotech firms have registered three insecticides to battle corn leafhoppers. These initiatives by agri-input giants, Syngenta and Corteva, will equip farmers with chemical tools for their agronomic management, enhancing pest control.

Bayer, at Agrishow 2024, introduced Bayer Directo Nematoide, a testing program for personalized use of Verango Prime nematicide in soybean cultivation. The initiative aims to map nematode high-risk zones for economic damage precision in application.

BASF, in a strategic move, is selling its ammonia, methanol, and melamine plants at Ludwigshafen, Germany to IPP, adjusting operations for European market competitiveness. The financial details remain undisclosed. BASF will continue production in other Ludwigshafen plants.