Acetone Weekly Report 18 June 2018

Weekly Price Trend: 13-08-2018 to 17-08-2018

 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 remained firm. By the end of the week prices of Acetone were assessed at the level of Rs.52/kg for Kandla and 51.5/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 firm and at the end of the week prices were assessed at the level of Rs 52/kg for Kandla and Rs 51.5/kg Mumbai ports.
• This week in international market, prices of Acetone also have remained firm in compare to previous week.
• September expectations are forming more and more in European acetone participants’ minds this week as August remains quiet.
• This week feedstock prices have increased while Acetone prices have remained firm.
• As per report, presently market is moving with soft velocity on account of this price have remained firm
• This week crude oil prices have followed volatile trend. On Friday Crude prices edged higher, but were heading for yet another weekly decline on worries that oversupply would weigh on the U.S. market and that trade disputes and slowing global economic growth would slow demand for oil.
• On Friday, closing crude values have increased. WTI on NYME closed at $65.91/bbl. Prices have increased by $0.45/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.40/bbl in compare to last closing price and was assessed around $71.43/bbl.
• This week benzene prices have increased.
• US spot benzene prices rise on healthy demand.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 885/mt and USD 895/mt respectively.

 $1 = Rs. 70.15
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40