Acetone Weekly Report 28 April 2018

Weekly Price Trend: 23-04-2018 to 27-04-2018

 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.60/kg for Kandla and 60/kg for Mumbai ports of India.

Total import at various ports of India March, 2018

Above chart represents the total imported quantity of Acetone for the month of March, 2018.
Last month total imports were around 8624MT. 

 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 60/kg for Kandla and Rs 60/kg Mumbai ports.
• This week in international market, prices of Acetone have plunged in compare to previous week.
• This week domestic Acetone prices have increased while booking prices have plunged on bearish demand sentiments.
• Eastern China acetone inventories plunge by 26% to 17,000 tonnes.
• This week oil prices have followed little volatility at the end of the week prices have escalated. On Thursday oil prices increased, supported by expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and ongoing strong demand.
• On Thursday, closing crude values have increased. WTI on NYME closed at $68.19/bbl; prices have increased by $0.14/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.74/bbl in compared to last trading and was assessed around $74.74/bbl.
• This week Feedstock Benzene inventories at shore tanks along eastern China increased. Feedstock benzene prices have firm in Asian market this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 840/mt and USD 840/mt respectively.

 $1 = Rs. 66.66
 Import Custom Ex. Rate USD/ INR: 66.70
 Export Custom Ex. Rate USD/ INR: 65.00