IGI Logo

Chemical prices have broadly increased during the month of September which was result from rise in crude prices.

* PVC prices have fallen by 3.6% q/q. Prices have corrected by 8% in Q1FY24 on the back of concerns regarding the demand from end user industries like construction and packaging which was further aggravated by weaker demand in China. However, demand has recovered in the month of August in China.

* PVC-EDC spread softened by 4% m/m, while rose sharply by 45% q/q. While PVCVCM spread have corrected by 16% m/m. This is due to ongoing dumping led by China

* Fluorspar prices have increased by 6% m/m for August was down by 1.5% m/m

* Phenol prices have increased by 14% m/m, for August it had increased by 10%. Phenol prices had been on constant fall since 1QFY23 and have only started increasing in Q2FY24.

* Acetone prices were up 6% m/m & 8% up q/q, closely replicating phenol movement

* Bromine prices were flat m/m, while for August it had increased by 25% m/m. There has been increased supply and the demand remaining average from end user industries

* Benzene prices improved m/m by 7.6%, 3.5% q/q, prices improved in accordance with Crude prices, demand for benzene derivatives improved in the last month.

Please refer disclaimer at https://yesinvest.in/privacy_policy_disclaimers

SEBI Registration number is INZ000185632