Glycerin Prices In India (Business Opportunities - Other Business Ads)
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Glycerin Prices In India | |
In a recent development, the Mumbai market has played a crucial role in influencing glycerin prices, leading to a noteworthy decrease. The fluctuations in rates are attributed to various market factors contributing to the decline in glycerin prices.Adani Wilmar, a leading glycerin manufacturer, observed a substantial price increase in the Mumbai market from January 18 to February 8. However, after a brief period of stability, glycerin prices experienced a downward trend in the chemical market today, decreasing by Rs 3/kg from the previous price. The overall price movement has now reached Rs. 60/kg.Increased industry supply and shifting market dynamics have been instrumental in driving down glycerin prices. The Mumbai market, well-known for its significant influence on commodity prices, has significantly lowered the cost of glycerin, impacting both producers and consumers alike.Glycerin finds applications in various industries, including pharmaceuticals, cosmetics, plastics, and resins, with demand spanning across different sectors. Additionally, the global Food Grade Glycerin market, valued at US$ 3589.4 million in 2024, is anticipated to reach US$ 4871.3 million by 2031.Market participants are closely monitoring the situation as they evaluate the implications of this price change. It remains to be seen how this shift will impact the broader glycerin market and whether other regions will follow suit in response to Mumbai's influence on pricing. | |
| Target State: All States Target City : All Cities Last Update : 18 February 2024 4:49 PM Number of Views: 80 | Item Owner : indianpetrochem Contact Email: (None) Contact Phone: (None) |
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2024-11-25 (0.533 sec)