PEG 600 prices firm up in Mumbai market (Business Opportunities - Advertising Service)
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Item ID 3187547 in Category: Business Opportunities - Advertising Service
PEG 600 prices firm up in Mumbai market | |
Prices of Polyethylene Glycol 600 (PEG 600) have moved upward in the Mumbai chemical market. The product is now trading at Rs.127/kg, a rise of Rs. 2/kg compared to last week’s level of Rs.125/kg. This price escalation is being driven by a combination of local supply constraints, rising feedstock costs, and stronger international pricing trends. Domestic & Global Supply Landscape In India, key PEG 600 producers such as Reliance Industries and India Glycols have been operating under tight production schedules due to limited availability of ethylene oxide, a core raw material. Meanwhile, on the global front, major producers including Dow Chemical, BASF, and Ineos have also raised their offers, citing higher ethylene and energy costs and increased freight charges. International spot prices for PEG derivatives have shown an upward trend, particularly in Southeast Asia and the Middle East, where logistical bottlenecks and plant maintenance shutdowns have constrained supply flows. Market Drivers: According to traders and market analysts, the price uptick is primarily attributed to the following factors: Firm demand from downstream sectors such as lubricants, personal care, and coolants, particularly with industrial activity picking up post-Q1 lull. Restricted availability of feedstocks like ethylene oxide and ethylene glycol in the domestic market, forcing buyers to depend on higher-priced imports. Global price support, as international suppliers raise benchmark prices amid tighter supply and rising input costs. Delayed shipments from overseas suppliers, especially those operating out of the Middle East and Europe, further tightening local inventory levels. Outlook: With demand remaining healthy and upstream pressures showing no immediate signs of easing, market participants expect further firming of PEG 600 prices in the short term. Buyers are cautiously sourcing volumes, while producers continue to assess raw material costs before revising next offers, PEG Prices in India, Indian Prices PEG, Indian PEG Prices, Indianpetrochem. #PEGpricesinIndia #IndianPricesPEG #IndianPEGprices #Indianpetrochem | |
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| Target State: All States Target City : delhi Last Update : 05 June 2025 8:43 PM Number of Views: 10 | Item Owner : indianpetrochem Contact Email: Contact Phone: (None) |
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2025-06-16 (0.392 sec)