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Acetylene Pricing Trend and Forecast - Delhi
Thursday, 19 May, 2022
Item details
City:
Delhi
Offer type:
Offer
Item description
Acetylene Pricing in India witnessed an increasing trend owing to increased demand from the downstream PVC market. PVC market sentiments stayed strong in India, backed by pre-monsoon demand and limited supply. However, the cost of Acetylene-based PVC went bullish as the Chinese traders indulged in a heated battle among Asian suppliers. Acetylene prices hovered around USD 6970/MT in Q1 in India. According to Chinese dealers, the export volume has increased significantly to India as the Chinese authority has removed anti-dumping duties of China-origin material. So, despite weak demand, there is an elevation in supply. In contrast, Japanese traders reduced hikes to compete with Chinese traders.
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