Acetone Weekly Report 04 Nov 2017

Weekly Price Trend: 30-10-2017 to 03-11-2017
 
  
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 plunged at Mumbai port while at Kandla prices have remained firm. By the end of the week prices of Acetone were assessed at the level of Rs.54/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 remained stable-to-soft in compare to previous week and at the end of the week prices were assessed at the level of Rs 54/kg for Kandla and Rs 54/kg Mumbai ports.
• This week in international market, prices of Acetone have plunged in compare to previous week.
• Presently Acetone market is moving with soft velocity no major deals and discussion has been heard.
• In domestic market after the festive holiday market has remained soft-to-firm on account of this prices have plunged.
• Feedstock benzene prices have increased in Asian market this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 810/mt and USD 820/mt respectively.
• On Thursday, closing crude values have increased. WTI on NYME closed at $54.54/bbl; prices have increased by $0.24/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.13/bbl in compared to last trading and was assessed around $60.62/bbl.

 $1 = Rs. 64.55
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 64.70