Acetic Acid Weekly Report 06 Jan 2018

Weekly Price Trend: 01-11-2018 to 05-01-2018

• The above given graph focuses on the Acetic Acid price trend from 1st Jan 2018 to 5th Jan 2018. If we take a quick look at the above given weekly prices, it can be observed that there has been no change in domestic values.
• By end of this week, prices were assessed at the level of Rs.46/Kg for Kandla and for Mumbai port for bulk quantity.

Booking Scenario

INDIA& INTERNATIONAL

• Domestic prices of Acetic acid assessed around Rs.46/Kg for Kandla and Mumbai ports of India.
• Market remained stable in the first week of this new year 2018. There has been no change in domestic values.
• CFR India values increased by USD 20/MT and were assessed in the range of USD 660-680/MT. There has been significant upsurge in crude values in international market. Current values are all time high in last one year. The political tension in Iran has been augmenting the hike in crude values.
• Market remained stable in the first week of this new year 2018. There has been no change in domestic values.
• There has been significant upsurge in crude values in international market. Current values are all time high in last one year. The political tension in Iran has been augmenting the hike in crude values.
• This week oil prices have remained little volatile but overall closed on higher note. On Thursday U.S. crude oil prices rise to the highest level in 2½ years as markets tightening amid tensions in Iran and due to ongoing OPEC-led production cuts.
• On Thursday, closing crude values have increased. WTI on NYME closed at $62.01/bbl; prices have increased by $0.38/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compared to last trading and was assessed around $68.07/bbl.
• As per market analyst, the market is getting more bullish on oil as inventory levels get closer to the five-year average. Geopolitical uncertainty in Iran, OPEC's third largest producer, is also helping to support the price as citizens are again protesting the government.

1$ : Rs. 63.37
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.80