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Increasing HPMC prices in India

With the declining Omicron variant cases in India, the economy is likely to get better in the upcoming weeks as the markets are gradually resuming, which will positively affect several end-use sectors in the country. India has one of the largest food processing sectors in the world and is anticipated to grow at approximately USD 535 billion by 2025-26. The food sector contributes 12.8% to the Indian GDP and plays a vital role in driving the country's economy. According to industry experts, the rising delta variant cases of the coronavirus are unlikely to have much impact on India's economic

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Increasing HPMC prices in India

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  1. HydroxyPropyl MethylCellulose (HPMC) Ether prices are predicted to rise in February on the back of the increased feedstock prices and Finished Inventories With the declining Omicron variant cases in India, the economy is likely to get better in the upcoming weeks as the markets are gradually resuming, which will positively affect several end-use sectors in the country. India has one of the largest food processing sectors in the world and is anticipated to grow at approximately USD 535 billion by 2025-26. The food sector contributes 12.8% to the Indian GDP and plays a vital role in driving the country's economy. According to industry experts, the rising delta variant cases of the coronavirus are unlikely to have much impact on India's economic growth in 2022. As the APAC region continues to bounce back from the pandemic, downstream sectors such as food and beverage and pharmaceutical have demonstrated significant potential growth from the beginning of the new year. The food processing sector has urged the Indian government to increase capital allocation in the upcoming budget. Hydroxypropyl Methyl Cellulose prices (HPMC) is an odorless and tasteless, white/off-white, free-flowing powder that is a synthetic modification of Cellulose. It is widely utilized in the food industry as a multipurpose food ingredient. As Per ChemAnalyst, the prices of HPMC grade Cellulose Ether are expected to increase in the upcoming month due to the increased prices of raw materials i.e., Toluene and Isopropanol, and finished inventories in India. The Ex-Mumbai spot prices of HPMC were assessed at USD 6578.88 per MT on 28th January. As Cellulose Ether is imported from China, an upsurge in raw material, energy, sea freight, and logistics costs, as well as general inflation in the country, which has reflected on the prices of Cellulose ether in India. Due to low availability of the stock, Indian traders will be compelled to raise their quotations for HPMC in the next few weeks as the Chinese domestic market will be closed due to the 15-days holidays as the Lunar new year is approaching in China.

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