Acetone Weekly Report 19 Aug 2017

Weekly Price Trend: 14-08-2017 to 18-08-2017
 
  
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 firm trend. By the end of the week prices of Acetone were assessed at the level of Rs.55/kg for Kandla and 55/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 in compare to previous week and at the end of the week prices were assessed at the level of Rs 55/kg for Kandla and Rs 55/kg Mumbai ports.
• This week in international market, prices of Acetone also have plunged in compare to previous week.
• China acetone import prices increased.

• US August barge acetone awaits direction from feedstock RGP.
• This week oil prices have varied and on Thursday oil prices rose as renewed attention were put on U.S. oil stockpile declines at Cushing, the delivery hub for U.S. crude futures. On Thursday, closing crude values have increased.WTI on NYME closed at $47.09/bbl, prices have increased by $0.31/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.76/bbl in compared to last trading and was assessed around $51.03/bbl.
• Market players are anticipating that crude oil prices to trade sideways on the back of short covering after drop in prices.
• East China petroleum benzene prices fall.
• Benzene inventories along eastern China increase to 128,300 tonnes.
• This week feedstock benzene prices have plunged with the plunge in oil prices.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 755/mt and USD770/mt respectively.

 $1 = Rs. 64.14
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.45