ChemAnalyst

The global rise in raw material costs has been pressuring key players, compelling them to perform frequent price revisions to sustain profitability. However, global crude oil value has started showing some ease in the market, making it more feasible to produce and sell cargoes at a comparatively cheaper value. Nevertheless, the Russia Ukraine conflict, which was the prime factor behind the steep rise in prices of global crude oil and natural gas, is still a major concern for the global market. Despite several sanctions and attempts of interference by different nations, peace talks haven’t been successful somehow, and the conflict is still a centre of global trade and geopolitics. As per the ChemAnalyst data, under the influence of significant ease in the global crude oil value amid declining queries from the downstream market, the n-Butanol price in Asia . The data shows a decline of around 5.5% and 3.6% in India and China during the last week. However, there are different reasons behi...

Last year heard to be depressing for oxo alcohol manufacturers, as despite of firm offtakes from the domestic market, ample availability led to consistent and steep decline in prices of all Oxo Alcohols . Major players like Andhra Petrochem and BPCL (Bharat Petroleum Corp) heard revising their offers to sustain offtakes. As per the ChemAnalyst data, a sharp rebound in price of oxo alcohols has been observed since January, which has risen by around 3.8%, 10% and 24% for n-Butanol, Iso-butanol and 2-Ethylhexanol respectively. Rising crude oil value has been a matter of concern for all the domestic as well as international oxo alcohol manufacturers since past few weeks, which has been pushing up the prices of most of the commodities in domestic as well as international market. Meanwhile, demand fundamentals for the product have also improved in the domestic market due to firm offtakes from downstream paints and coating sector. However, comparatively n-Butanol prices have shown less impro...