By the beginning of December, Methyl Amine prices in the Asian market saw a notable decline, primarily due to inadequate stock management amidst shifting supply-demand dynamics. This fluctuation in Methyl Amine prices resulted from suppliers&#xx; inability to adjust inventory levels proactively, leading to a buildup of excess stock.
At the beginning of December, Methyl Amine prices in the Indian market decreased to xx,xxx INR/MT Ex-Chennai. Balaji Amines inaugurated a state-of-the-art Methyl Amine plant at Unit IV on November xx, xxxx, boosting its annual production capacity from xx,xxx metric tons to xx,xxx metric tons, with full capacity utilization projected by FYxx/FYxx. Despite this expansion, Qx FYxx revenue declined to ?xxx crores from ?xxx crores in Qx FYxx, accompanied by reduced total volumes and EBITDA. Competitive pressures from Chinese imports forced Indian suppliers to lower their ex-quotation prices, aligning with prevailing market sentiments. These factors contributed...
