Acetic Acid Weekly Report 18 Feb 2017

Weekly Price Trend: 13-01-2017 to 17-02-2017

• The above given graph focuses on the Acetic Acid price trend from 13th Feb 2017 to 17th Feb 2017. If we take a quick look at the above given weekly prices, it can be observed that this week price of Acetic Acid remained stable for this week.
• By end of this week, prices were assessed at the level of Rs.29.5 /Kg for Kandla and Mumbai port for bulk quantity.

Booking Scenario

INDIA& INTERNATIONAL

• Domestic prices of Acetic acid remained unchanged for this week. Prices were assessed at the level of Rs.29/Kg for Kandla and Rs.29.5/Kg for Mumbai port.

• CIF India prices of Acetic acid were assessed around USD 385-405/MTS, with an increase of USD 5/MTS in compare to last week’s closing values.
• Feedstock Methanol CFR India prices were assessed in the range of USD 230-240/MT.

• Crude prices continue to oscillate in a shifting range as traders considered the conflicting influence of weakening of US dollar. There has been constant high supply in last few weeks along with rising levels in the US crude inventory levels.
• On Thursday closing, there has been rise in crude values.WTI values increased by USD 0.25/bbl and was assessed around $53.36. On other side there was slight decline in Brent values was observed. Brent crude prices reduced by $0.10/bbl and were assessed around $55.65/bbl.

1$ : Rs. 67.00
Import Custom Ex. Rate USD/ INR: 67.85
Export Custom Ex. Rate USD/ INR: 66.15