Ester Gum prices in the Ex-Mumbai market witnessed a notable upward trajectory in April ****, rising by approximately *.** from USD ****/MT in March to USD ****/MT in April, reflecting a firm bullish tone across the Ester Gum value chain. The market strength was primarily driven by tightening domestic availability, elevated feedstock costs, and consistent procurement from downstream adhesive and coating industries. Throughout April, Ester Gum trade sentiment remained firm as inventory levels across distributors stayed relatively low, encouraging forward buying and strategic stocking amid expectations of further price increases.
On the demand side, Ester Gum consumption trends remained mixed-to-strong, with packaging, coatings, and adhesives sectors providing steady support to offtake. However, certain export-oriented and discretionary industrial segments showed cautious procurement, reflecting slower spot buying in the market. This divergence indicated that Ester Gum demand was partly driven by real consumption and partly by inventory-led strategic buying....
Leave a Comment
Comments (0)