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In the Indian market, prices for the MTO remained steady with marginal fluctuation in November ****. MTO price improved by *.** only and reached at INR /MT Ex-Mumbai. Supply and demand dynamics prevailed across the market, limited any major fluctuations in the prices.
Domestic market witnessed the significant rising supply during the period. According to a recently published data from the Petroleum Planning and Analysis Cell (PPAC), Production of petroleum products was **.* MMT during October **** which is *.** higher than October ****. Out of **.* MMT, **.* MMT was from refinery production & *.* MMT was from fractionator, which contributed to a largely positive market supply scenario for MTO.
Additionally, PPAC revealed that the Crude oil imports increased by *.** and *.** during October **** and April-October FY ****- ** as compared to the corresponding period of the previous...
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