Chemicals Updates

India Methanol: Trading companies maintain caution amid latest US sanctions / Indian chemical trading firms concerned about US sanctions / Heavy port inventories at West Coast India / Thin CFR trade as buyers adopt cautious stance

Aug 04, 2025

Fundamentals in the Indian methanol market Aug. 1 continued to be weighed down by uncertainties surrounding trade with Iranian methanol producers after two key Indian chemical trading companies were listed under US sanctions on July 30. The news triggered panic in the Indian methanol market, which relies heavily on Iranian methanol imports. “Indian traders can’t function like this,” said an importer. With more than 50% of India’s methanol supply reliant on Iran, it would be difficult for the Indian market to work smoothly, sources said. “We all are in an unpredictable realm,” said an importer, “the problem is not unidimensional.” A weak Indian rupee also pressured domestic markets. The rupee fell to a five-month low of 87.56 against the US dollar on July 31. In the domestic market, trade discussions...

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