Acetone Weekly Report 26 Aug 2017

Weekly Price Trend: 21-08-2017 to 25-08-2017
 
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.54/kg for Kandla and 54/kg for Mumbai ports of India.

Total import at various ports of India July, 2017

Above chart represents the total imported quantity of Acetone for the month of July 2017. Last month total imports were around 23245mt. As per chart previous month at Bombay port imports were higher while at Hazira port imported quantity were lesser.

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 54/kg for Kandla and Rs 54/kg Mumbai ports.
• This week in international market, prices of Acetone have remained firm in compare to previous week.
• China's Yangzhou Shiyou runs phenol/acetone plant at 80%.
• China's Lihuayi Weiyuan restarts phenol/acetone plant.
• This week crude oil prices have remained volatile. On Friday, oil prices rose as the U.S. petroleum industry prepared for potential output disruptions as Hurricane Harvey headed for the heart of the nation’s oil industry in the Gulf of Mexico. 
• The storm has rapidly intensified since Thursday while On Thursday closing crude values have decreased.WTI on NYME closed at $47.43/bbl, prices have decreased by $0.98/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.53/bbl in compared to last trading and was assessed around $52.04/bbl.
• Benzene inventories along eastern China decrease slightly.
• Dalian Fujia Dahua Petrochemical restarts aromatics unit.
• This week feedstock benzene prices have plunged with the plunge demand sentiments.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 765/mt and USD770/mt respectively.

 $1 = Rs. 64.03
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.45