Acetone Weekly Report 01 Sep 2018

Weekly Price Trend: 27-08-2018 to 31-08-2018

 The above given graph focuses on the Acetone price trend. If we take a quick look at the above given weekly prices, it can be observed that this week prices of Acetone have decreased. By the end of the week prices of Acetone were assessed at the level of Rs.53.5/kg for Kandla and 54/kg for Mumbai ports of India.

Booking Scenario

• These prices are inclusive of anti dumping duty.

INDIA& INTERNATIONAL    

• For the current week in domestic market acetone price have decreased and at the end of the week prices were assessed at the level of Rs 53.5/kg for Kandla and Rs 54/kg Mumbai ports.
• This week in international market, prices of Acetone also have decreased in compare to previous week.
• This week Acetone prices have plunged little on account of weak demand from end users and stable feedstock.
• As per report, Acetone inventories at shore tanks along eastern China augmented to 42,000 tonnes this week.
• This week oil prices have followed volatile trend. On Thursday oil prices increased due to extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories.
• On Thursday, closing crude values have increased. WTI on NYME closed at $70.25/bbl. Prices have increased by $0.74/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.63/bbl in compare to last closing price and was assessed around $77.77/bbl.
• East China benzene inventories drop by 1.43% week on week.
• This week benzene prices have remained firm.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 880/mt and USD 890/mt respectively.

 $1 = Rs. 70.99
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40