Acetic Acid Weekly Report 16 june 2018

Weekly Price Trend: 11-06-2018 to 15-06-2018

• The above given graph focuses on the Acetic Acid price trend from 11th June 2018 to 15th June 2018. If we take a quick look at the above given weekly prices, it can be observed that prices remained firm for this week.
• Domestic prices have increased to high level due to acute supply in the local market.
• By end of this week, prices were assessed at the level of Rs.58.5/Kg for Kandla and Rs.58/Kg for Mumbai port for bulk quantity.

Booking Scenario

INDIA& INTERNATIONAL

• Domestic prices of Acetic acid assessed around Rs.57/Kg for Kandla and Mumbai port of India. Prices reduced in compare to last week’s closing values.
• CFR India price were assessed around USD 770-790/MT remained unchanged in compare to last week’s closing values.
• This week market remained dull passive on back of Ramadan and continuous 4 day holidays in this weekend.
• This week market remained dull passive on back of Ramadan and continuous 4 day holidays in this weekend.
• This week crude oil prices have followed mixed trend. On Thursday oil prices were lower, facing pressure from evidence of rising U.S. output and uncertainty over the outlook for supply.
• On Friday, closing crude values have remained mixed. WTI on NYME closed at $66.89/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter
• Continental Exchange increased by $0.86/bbl in compare to last closing price and was assessed around $76.74/bbl.
• On Friday oil prices were little changed in early Asian trade, as investors eyed a key OPEC meeting in Vienna and Saudi Arabia and Russia.As per report, OPEC and Russia are expected to gradually increase production, but opinions about easing output caps are fragmented within OPEC ahead of its meeting next week. U.S. crude output hits record 10.9 million barrels per day, as per report.

  
1$ : Rs. 68.01
Import Custom Ex. Rate USD/ INR: 67.85
Export Custom Ex. Rate USD/ INR: 66.15