Acetone Weekly Report 09 June 2018

Weekly Price Trend: 04-06-2018 to 08-06-2018

 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 plunged. By the end of the week prices of Acetone were assessed at the level of Rs.58/kg for Kandla and 57/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 plunged and at the end of the week prices were assessed at the level of Rs 58/kg for Kandla and Rs 57/kg Mumbai ports.
• This week in international market, prices of Acetone have escalated in compare to previous week.
• This week International Acetone prices have increased with the increase in oil prices and feedstock.
• This week Acetone inventories at shore tanks along eastern China have increased.
• China's Yangzhou Shiyou restarts its phenol/acetone plant.
• This week oil prices have followed volatile trend. On Thursday oil prices surged due to concern about a steep drop in exports from Venezuela and concerns OPEC may not raise production at its meeting this month.
• On Thursday, closing crude values have increased. WTI on NYME closed at $65.95/bbl; prices have increased by $1.22/bbl in compared to last closing prices. While Brent on Inter
• Continental Exchange increased by $1.96/bbl in compare to last closing price and was assessed around $77.32/bbl.
• Asia’s benzene demand will go up in the month of July-August with the expected restart of downstream plants from turnarounds, with supply has plunged by scheduled shutdowns of two regional plants.
• Benzene inventories at shore tanks along eastern China fell.
• This week benzene prices have remained mixed.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 845/mt and USD 855/mt respectively.

 $1 = Rs. 67.50
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15