Acetone Weekly Report 28 July 2018

Weekly Price Trend: 23-07-2018 to 27-07-2018

 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 plunged. By the end of the week prices of Acetone were assessed at the level of Rs.52/kg for Kandla and 51.5/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 plunged and at the end of the week prices were assessed at the level of Rs 52/kg for Kandla and Rs 51.5/kg Mumbai ports.
• This week in international market, prices of Acetone have plunged in compare to previous week.
• This week Acetone prices have plunged as market is moving with soft velocity no major deals has been heard.
• This week market has remained sot on account of rainy season in Indias.
• China’s acetone import prices increased for the first time since late April this year.
• This week crude oil prices have followed volatile trend. On Thursday, closing crude values have increased. WTI on NYME closed at $69.61/bbl; prices have increased by $0.31/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.61/bbl in compare to last closing price and was assessed around $74.54/bbl.
• This week benzene prices have increased.
• Eastern China Benzene inventories drop by 3.90% week on week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 845/mt and USD 850/mt respectively.

 $1 = Rs. 68.65
 Import Custom Ex. Rate USD/ INR: 69.60
 Export Custom Ex. Rate USD/ INR: 67.90