Acetone Weekly Report 16 Sep 2017

Weekly Price Trend: 11-09-2017 to 15-09-2017
 

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 followed up trend. By the end of the week prices of Acetone were assessed at the level of Rs.58/kg for Kandla and 58/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 in compare to previous week and at the end of the week prices were assessed at the level of Rs 58/kg for Kandla and Rs 58/kg Mumbai ports.
• This week in international market, prices of Acetone have decreased in compare to previous week.
• In Asia market Acetone demand is growing, In India Acetone demand has been increasing after the impact of GST.
• This week domestic Acetone prices have increased with the increase in crude oil prices and some shortage of material.
• Cepsa Chemical cuts phenol/acetone operating rates.
• Market analyst said that demand for crude is better than expected and the persistently oversupplied market is finally tightening. Traders will be looking for signs that brimming stockpiles of oil around the world continue to fall towards the five-year average.
• Feedstock benzene prices have decreased in Asian market this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 775/mt and USD 790/mt respectively.

 $1 = Rs. 64.07
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.25