Ahmedabad market sees upwards shift in PEG 400 prices (Business Opportunities - Advertising Service)
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Ahmedabad market sees upwards shift in PEG 400 prices | |
The Ahmedabad chemical market has recorded a modest yet notable rise in Polyethylene Glycol 400 (PEG 400) prices, driven by a blend of local demand-supply imbalances and global cost pressures As of today, PEG 400 is priced at Rs. 120/kg, up by Rs. 2/kg from last week’s rate of Rs. 118/kg. Demand-Supply Dynamics in Focus PEG 400, a lower molecular weight grade of polyethylene glycol, finds widespread use in the production of lubricants, hydraulic fluids, pharmaceuticals, personal care products, and heat transfer fluids. Over the past two weeks, traders in Delhi have reported heightened demand from end-user industries, especially in pharma excipients and specialty formulations, adding pressure to already strained inventories. Producers in India and Globally In India, manufacturers such as India Glycols, Reliance Industries, and Sabic India are key suppliers of PEG grades, including PEG 400. However, sources indicate that intermittent supply gaps in ethylene oxide, a key input, have disrupted plant operations at some units, limiting product availability in the north Indian market. Globally, companies such as Dow Chemical, BASF, and Lotte Chemical dominate the production of PEGs. Recently, many global suppliers have revised their offers upward for April shipments, citing firm ethylene feedstock costs, rising energy prices, and high shipping freight. These global hikes have trickled down into the Indian market, especially in regions dependent on imported volumes.Factors Driving the Price Increase Market analysts highlight several interlinked reasons behind the PEG 400 price uptick: Increased demand from the pharmaceutical and industrial lubricant sectors, which traditionally peak during Q2. Tight availability of feedstocks like ethylene oxide and ethylene glycol in both domestic and international markets. Stronger international pricing trends, with global producers raising PEG contract prices due to higher input and logistics costs. Limited inventory with regional stockists and delays in replenishment cycles for imported cargoes, PEG Prices in India, Indian PEG Prices, Indian Prices PEG, Indianpetrochem. #PEGpricesinIndia #IndianPEGprices #IndianpricesPEG #Indianpetrochem | |
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| Target State: All States Target City : delhi Last Update : May 22, 2025 9:58 AM Number of Views: 31 | Item Owner : indianpetrochem Contact Email: Contact Phone: (None) |
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2025-06-01 (0.383 sec)