Acetone Weekly Report 23 Sep 2017

Weekly Price Trend: 18-09-2017 to 22-09-2017
 
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 weak trend. By the end of the week prices of Acetone were assessed at the level of Rs.54/kg for Kandla and 54/kg for Mumbai ports of India.
Total import at various ports of India August, 2017

Above chart represents the total imported quantity of Acetone for the month of August, 2017.
Last month total imports were around 15039mt. As per chart at Bombay port imports were higher while at Ennore port import was lesser.

Booking Scenario
 

• These prices are inclusive of anti dumping duty.

INDIA& INTERNATIONAL    

• For the current week in domestic market acetone price have decreased in compare to previous week and at the end of the week prices were assessed at the level of Rs 54/kg for Kandla and Rs 54/kg Mumbai ports.
• This week in international market, prices of Acetone have decreased in compare to previous week.
• This week oil prices have followed mixed trend. Oil prices were steady on Thursday ahead of a meeting of oil producers that could extend production limits aimed at clearing a glut that has depressed the market for more than three years. As per report, Ministers from the OPEC, Russia and other producers meet in Vienna on Friday and are due to consider extending output cuts that began in January.
• Presently market players have adopted wait and watch stances as market is moving with uncertain velocity.
• Feedstock benzene prices have decreased in Asian market this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 795/mt and USD 805/mt respectively.

 $1 = Rs. 64.79
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 63.70