Acetone Weekly Report 14 Oct 2017

Weekly Price Trend: 09-10-2017 to 13-10-2017
 
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 54.5/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 remained firm in compare to previous week.
• Presently Acetone market is moving with soft velocity no major deals and discussion has been heard.
• In domestic on account of upcoming festive season demand sentiments has been bearish.
• Acetone inventories at shore tanks along eastern China have fallen to 20,000 which will result increase in prices in near term.
• China’s Changshu Changchun runs phenol/acetone ops at 70% in Oct
• Feedstock benzene prices have decreased in Asian market this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 765/mt and USD 770/mt respectively.
• This week oil prices have followed volatile inclination. on Thursday  oil prices rebounded from earlier losses, but ended lower on the day, after the Energy Department reported a larger-than-expected decline in U.S. inventories and a falloff in weekly production.
• On Thursday, closing crude values have decreased.WTI on NYME closed at $50.60/bbl, prices have decreased by $0.70/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.69/bbl in compared to last trading and was assessed around $56.25/bbl.

 $1 = Rs. 64.93
 Import Custom Ex. Rate USD/ INR: 65.95
 Export Custom Ex. Rate USD/ INR: 64.30