Acetone Weekly Report 31 March 2018

Weekly Price Trend: 26-03-2018 to 30-03-2018

 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 remained firm. By the end of the week prices of Acetone were assessed at the level of Rs.59/kg for Kandla and 59/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 remained firm and at the end of the week prices were assessed at the level of Rs 59/kg for Kandla and Rs 59/kg Mumbai ports.
• This week in international market, prices of Acetone have remained firm in compare to previous week.
• As per report, Europe acetone domestic and export prices remained unchanged with market sentiments stayed calm.
• This week crude oil prices have followed weak trend but on Thursday oil prices have escalated by 1 percent as the equities markets rallied and as market participants weighed a rise in U.S. crude inventories and production against continued OPEC supply curbs.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $64.94/bbl; prices have increased by $0.56/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 $70.27/bbl.
• Feedstock Benzene inventories at shore tanks along eastern China increased.
• Feedstock benzene prices have plunged in Asian market this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 825/mt and USD 825/mt respectively.

 $1 = Rs. 65.17
 Import Custom Ex. Rate USD/ INR: 65.80
 Export Custom Ex. Rate USD/ INR: 64.15