Sharp cut in Trimethylolpropane (TMP) prices – 21 Aug 2024

The Trimethylolpropane (TMP) market in Mumbai has seen a significant drop in its prices, disrupting the recent trend of stability. This decline is primarily attributed to the reduced cost of raw materials essential for TMP production.

The price of imported Trimethylolpropane has decreased by Rs 4 per kg, from Rs 137/kg quoted on August 14, 2024, to Rs 133/kg as of today. TMP is a crucial component in numerous industries, serving as a white coating substance and is widely used in surface treatment for polyesters, paints, coatings, elastomers, and synthetic lubricants. Furthermore, TMP plays a vital role in the production of resins, plastics, locks, and motors.

The abrupt drop in prices has sparked concerns regarding the stability of the TMP market in the coming days, with many anticipating further declines in Mumbai. Since India imports TMP mainly from China, global supply chain dynamics are a significant factor influencing these price changes.