Acetone Weekly Report 18 Feb 2017

Weekly Price Trend: 13-02-2017 to 17-02-2017
 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 increased in compare to previous week. By the end of the week prices of Acetone were assessed at the level of Rs.77/kg for Kandla and 75/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 77/kg for Kandla and Rs 75/kg Mumbai ports.
• This week in international market, prices of Acetone have increased in compare to previous week.
• Presently market is moving with up velocity as per market players demand sentiments has been improving.
• As per market report, Acetone prices have increased as feedstock prices have improved this week.
• Crude prices continue to oscillate in a shifting range as traders considered the conflicting influence of weakening of US dollar. There has been constant high supply in last few weeks along with rising levels in the US crude inventory levels.
• On Thursday closing, there has been rise in crude values.WTI values increased by USD                            0.25/bbl and was assessed around $53.36. On other side there was slight decline in Brent value was observed. Brent crude prices reduced by $0.10/bbl and were assessed around $55.65/bbl.
• Feedstock benzene prices have increased this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 1025/mt and USD 1040/mt respectively.

 $1 = Rs. 67.00
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15