Acetone Weekly Report 10 Aug 2018

Weekly Price Trend: 06-08-2018 to 10-08-2018

 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 remained firm. By the end of the week prices of Acetone were assessed at the level of Rs.52/kg for Kandla and 52/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 firm and at the end of the week prices were assessed at the level of Rs 52/kg for Kandla and Rs 52/kg Mumbai ports.
• This week in international market, prices of Acetone also have remained firm in compare to previous week.
• China acetone import prices higher on two deals.
• This week feedstock prices have increased while Acetone prices have remained firm.
• As per report, presently market is moving with soft velocity on account of this price have plunged.
• This week oil prices have followed volatile trend. On Thursday Crude prices held near lower levels set in the previous session, as the escalating China-U.S. trade dispute cast doubt on the outlook for oil demand.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $66.81/bbl. Prices have decreased by $0.13/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.21/bbl in compare to last closing price and was assessed around $72.07/bbl. Both benchmarks tumbled more than 3 percent after U.S. data showed a smaller-than-expected weekly draw in crude inventories and a surprise build of 2.9 million barrels in gasoline supplies.
• This week benzene prices have increased.
• PetroChina northwest sales branch lifts benzene by CNY100/tonne.
• East China benzene inventories drop to 181,000 tonnes.
• China’s Sinopec raises benzene prices.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 875/mt and USD 885/mt respectively.

 $1 = Rs. 68.87
 Import Custom Ex. Rate USD/ INR: 69.25
 Export Custom Ex. Rate USD/ INR: 67.55