Acetone Weekly Report 09 Dec 2017

Weekly Price Trend: 04-12-2017 to 08-12-2017

 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. By the end of the week prices of Acetone were assessed at the level of Rs.55/kg for Kandla and 55/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 in compare to previous week and at the end of the week prices were assessed at the level of Rs 55/kg for Kandla and Rs 55/kg Mumbai ports.
• This week in international market, prices of Acetone also have decreased in compare to previous week.
• Acetone inventories at eastern China declined to 19,500 tonnes.
• This week market have remained soft-to-firm on account of this prices have remained scrawny.
• Crude oil prices have remained mixed through the week. Oil rose on Thursday in a sign that investors are doubtful of pushing the market lower in response to an unexpectedly large rise in U.S. stocks of refined products that has increased concern about the demand outlook.
• On Thursday, closing crude values have increased. WTI on NYME closed at $56.69/bbl; prices have increased by $0.73/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.98/bbl in compared to last trading and was assessed around $62.20/bbl.On Friday oil prices dipped as the U.S. dollar strengthened, although OPEC-led supply cuts are seen supporting markets going into next year.
• Feedstock benzene prices have increased in Asian market this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 915/mt and USD 910/mt respectively.

 $1 = Rs. 64.46
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 63.70