Acetone Weekly Report 16 june 2018

Weekly Price Trend: 11-06-2018 to 15-06-2018

 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.57/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 57/kg for Kandla and Rs 57/kg Mumbai ports.
• This week in international market, prices of Acetone have remained firm in compare to previous week.
• This week material is available in good quantity on account of this Acetone prices have plunged.
• Chinese petrochemical major Sinopec plunged its domestic offers for acetone.
• East China acetone inventories increased this week.
• This week crude oil prices have followed mixed trend. On Thursday oil prices were lower, facing pressure from evidence of rising U.S. output and uncertainty over the outlook for supply.
• On Friday, closing crude values have remained mixed. WTI on NYME closed at $66.89/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.86/bbl in compare to last closing price and was assessed around $76.74/bbl.
• This week East China benzene inventories rise.
• Benzene inventories at shore tanks along eastern China fell.
• This week benzene prices have plunged.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 835/mt and USD 840/mt respectively.

 $1 = Rs. 68.01
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15