Acetone Weekly Report 14 April 2018

Weekly Price Trend: 09-04-2018 to 13-04-2018

 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 increased. By the end of the week prices of Acetone were assessed at the level of Rs.59/kg for Kandla and 59/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 increased and at the end of the week prices were assessed at the level of Rs 59/kg for Kandla and Rs 59/kg Mumbai ports.
• This week in international market, prices of Acetone have remained firm in compare to previous week.
• This week Acetone prices have remained soft-to-stable no major deals and discussion has been heard.
• In China inventory declined while prices have remained firm as demand sentiments have been bearish.
• China’s combined output of phenol and acetone plunged by 3.6 % month on month in March.
• Oil prices have escalated through the week but on Thursday prices have remained mixed.
• On Thursday, closing crude values have mixed. WTI on NYME closed at $67.07/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.40/bbl in compared to last trading and was assessed around $72.02/bbl.
• Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices were some way off Wednesday's late-2014 highs as bulging U.S. supplies weighed. A trade dispute between the United States and China also kept markets on edge
• Benzene stock at shore tanks along eastern China plunged to 199,600 till13 April.
• Feedstock Benzene inventories at shore tanks along eastern China increased.
• Feedstock benzene prices have firm in Asian market this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 835/mt and USD 835/mt respectively.

 $1 = Rs. 65.20
 Import Custom Ex. Rate USD/ INR: 65.90
 Export Custom Ex. Rate USD/ INR: 64.20