The Indian Alpha Pinene market observed 2.4% decline in July 2025 on a CFR-JNPT basis over June, led by steady imports and moderate end-user buying. August is likely to witness a 2.8% price rise supported by strong buying and improved distribution. September outlook suggests a 1.4% price drop while October should register 1.8% growth with seasonal consumption.
Domestic Alpha Pinene output was steady in July, with medium-scale plants operating steadily of gum turpentine oil supplies at steady costs. No major production disruptions were witnessed, with a steady availability of Alpha Pinene in the market. Firms kept lean stocks, using the material available in June to meet the demand without carrying over much material. Gum turpentine oil suppliers focused on downstream sectors, leading to few inquiries from the region.
Delays in logistics due to the monsoon restrict inland supplies; however, ports managed higher shipments of imported Alpha Pinene efficiently, supporting availability in the market. In August, post-monsoon improvements in road conditions are likely to ease logistics pressure, allowing a smooth distribution of the material into demand centres. Pharmaceuticals and food and beverage, major consumers of Alpha Pinene, have ramped up orders to meet festive demand. Higher order volumes of imported material are being booked to maintain stocks in the wake of July’s subdued buying.
Trading in the Alpha Pinene market was slow in July, with downstream industries relying on the material available in hand, limiting spot purchases. Stable feedstock costs and higher imports kept the prices under check. Trading in August is active, with buyers aligning to prepare for the pre-festive demand. Chemical companies are increasing Alpha Pinene orders, supporting the forecast of 2.8% price increase. September should witness low order volumes from various sectors; cautious buying could see sharp 1.4% price drop, with sufficient spot supplies meeting the short-term needs.
October will bring in consumption majorly from the food and beverage sector, and limited sectors in pharmaceuticals demand activity, supporting 1.8% price increase as the inventory drops. Alpha Pinene manufacturers are likely to book higher imports as demand rises in October after falling in July, keeping the market stable.
Pharmaceuticals sector, a major consumer of Alpha Pinene, witnessed steady demand in July, boosted on the back of 9.3% rise in exports in FY 2025; however, manufacturers were relying on stocks in December to meet the demand. The paints and coatings sector, another major consumer of Alpha Pinene, registered a rise of 4% in terms of volumes in Q1 of FY 2025, as monsoon is impacting production. Order volumes were looking steady as firms cautiously bought for their requirement.
In August, both sectors are increasing order volumes to meet festive demand. In September, slowdown in order volumes is likely to ease prices. In October, the festive demand and restocking are likely to push the consumption of Alpha Pinene significantly. Pharmaceuticals sector will witness healthy activity from the offing.
India's Alpha Pinene market is adjusting to seasonal pressure efficiently. July’s price drop of 2.4% was due to cautious buying against adequate supplies, while in August, the forecast of 2.8% price growth is backed by improved buying and better logistics. September’s forecast of 1.4% price drop is in line with selective purchasing as stocks built in July against falling demand; October’s price rise is supported by festive demand. Steady feedstock costs and imports will keep the market efficient, managing seasonal demand well till October 2025.
