Firm Price of 2-Ethyhexanoic Acid in India Amid Inflation
- 25-May-2022 6:00 PM
- Journalist: S. Jayavikraman
After the war in the East-European region due to the Russian invasion of Ukraine, the ban on providing credits to Russian oil companies is affecting the global Crude oil trade and supplies. Inflation is rising and can be seen globally along with the disruption in the value-chain system. Inflationary pressure on crude oil is boosting fuel prices, and the values of almost every commodity are increasing globally.
In the global market, a continuous rise in the price of 2- Ethyhexanoic Acid is seen in Europe, North America, South America, and other Asian countries like China and Japan. But in the Indian market, the price trend of 2- Ethyhexanoic Acid is stable, not only this month but from the last quarter of the year. The numbers rose with a marginal increment of almost 2% in May in the domestic Indian market, which was the lowest compared to the escalation of the value in other countries, as per Chemanalyst’s data. According to some experts, the Indian purchase of Russian oil is the reason behind this stability because the feed Propylene is obtained at low prices, influencing the production cost of 2- Ethyhexanoic Acid in Indian manufacturing industries. However, the price of 2- Ethyhexanoic Acid is increasing in the major global manufacturing countries with a steep rise due to their rising production costs of materials. Although demand for materials from the downstream industries is consistent in cosmetic manufacturing industries and the demand sentiments are escalating in plasticizer and paint industries.
According to Chemanalyst experts, “The prices of 2-Ethylhexanoic acid is anticipated to incline upward in the domestic Indian market as the demand for materials from the downstream plasticizer, paint, and cosmetics industries are expected to rise further and feed Propylene values are likely to ascend due to the inflation in the market. Increasing fuel prices will affect the trading costs of materials in coming weeks.”