Carbon Disulphide Prices Maintain Upward Momentum in India Amid Rising Production Costs
Carbon Disulphide Prices Maintain Upward Momentum in India Amid Rising Production Costs

Carbon Disulphide Prices Maintain Upward Momentum in India Amid Rising Production Costs

  • 01-Nov-2024 1:00 PM
  • Journalist: Bob Duffler

The price trend of Carbon Disulphide in India continued its bullish momentum throughout the first half of October, reflecting the robust market conditions that have been ongoing since September. The key driving factors behind this price surge are a combination of high demand from downstream industries, particularly the textile sector, and the escalating production costs due to rising feedstock prices for sulphur and crude oil. The steady upward trend of Carbon Disulphide showcases a consistent strengthening of the market and highlights the challenges that producers and buyers face amid high input costs and moderate supply availability.

Throughout October, downstream industries, especially those in textiles, viscose rayon, and packaging, have maintained elevated procurement levels of Carbon Disulphide. As these sectors prepare for India’s festive season, demand has shown no signs of slowing, leading to a steady pace of restocking activities. These factors have contributed significantly to the continued uptick in Carbon Disulphide prices, with the anticipation of further tightening of the market as the peak season approaches. Despite high procurement levels, domestic supply Carbon Disulphide remains moderate, resulting from cost pressures on production and import constraints due to fluctuating international market conditions.

Adding to the price pressures is the cost of key feedstocks. With crude oil prices forecasted to rise in the coming months, production costs for Carbon Disulphide have in turn been affected, with producers left managing tighter margins. Naphtha, another critical feedstock, saw a similar price escalation, adding another layer of cost that producers have had to pass down the supply chain. In particular, sulphur prices have increased sharply, squeezing the operational costs further for domestic producers and making price hikes necessary to keep up with market dynamics. Industry experts anticipate that these factors will continue influencing the market for the remainder of October and beyond, especially if downstream demand remains at its current intensity.

In September, the country’s manufacturing activities indicated a slight dip. Yet, the consistent demand for Carbon Disulphide—primarily driven by the textile and packaging sectors—has offset any broader industrial slowdown, propping up the market despite macroeconomic fluctuations. This combination of moderate supply levels continued restocking from downstream industries, and the pressure of high feedstock prices has created an ideal environment for a bullish price trajectory.

Looking ahead, industry analysts predict that Carbon Disulphide prices could see further increases through the latter half of October and potentially into November. This outlook is based on the expectation of continued strong demand from downstream sectors coupled with the ongoing pressure from feedstock costs. Additionally, forecasts suggest that any further disruptions to sulphur supplies or fluctuations in crude oil prices could add to production costs, driving the Carbon Disulphide market higher.

Related News

Carbon Disulphide Prices Maintain Upward Momentum in India
  • 01-Nov-2024 1:00 PM
  • Journalist: Bob Duffler
European Carbon Disulphide Price Rises in July amid Tighter Supplies Contrary
  • 12-Aug-2024 9:17 PM
  • Journalist: Stella Fernandes
UK Government Approves 2.5B Project for Carbon Negative Power Plant
  • 18-Jan-2024 12:17 PM
  • Journalist: Peter Schmidt
Europe Carbon disulphide prices tumble amidst declining feedstock prices and weak
  • 28-Dec-2023 5:53 PM
  • Journalist: Francis Stokes