Acetone Weekly Report 25 August 2018

Weekly Price Trend: 20-08-2018 to 24-08-2018

 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 increased. By the end of the week prices of Acetone were assessed at the level of Rs.54.5/kg for Kandla and 55/kg for Mumbai ports of India.

Total import at various ports of India July, 2018

Above graph represents the total imported Quantity of Acetone for the month of July, 2018. Last month total imports were around 14025MT. In the month of July at Bombay port imports were higher while at Hazira port lesser quantity has been imported.

Booking Scenario

• These prices are inclusive of anti dumping duty.

INDIA& INTERNATIONAL    

• For the current week in domestic market acetone price have increased and at the end of the week prices were assessed at the level of Rs 54.5/kg for Kandla and Rs 55/kg Mumbai ports.
• This week in international market, prices of Acetone also have increased in compare to previous week.
• Tis week Acetone prices have escalated on account of increase in demand from end users.
• As per report, Acetone inventories at shore tanks along eastern China fell slightly to 39,000 tonnes in the week ended.
• This week oil prices have followed volatile trend. On Thursday oil prices plunged as an swelling trade dispute between the United States and China balanced news of a decline in U.S. commercial crude inventories.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $67.83/bbl. Prices have decreased by $0.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.05/bbl in compare to last closing price and was assessed around $74.73/bbl.
• Sinopec Jingmen to halt benzene ops for turnaround.
• East China benzene inventories drop to 161,000 tonnes
• This week benzene prices have decreased.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 880/mt and USD 890/mt respectively.

 $1 = Rs. 69.91
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40