ACN Weekly Report 04 Nov 2017

Weekly Price Trend: 30-10-2017 to 03-11-2017

• The above given graph focuses on the ACN price trend from 30th Oct to 3rd Nov 2017. In compare to last week’s closing values there has been heavy gain in values for this week.
• Domestic prices were assessed at the level of Rs.130/Kg, with an increase of Rs.5/Kg in compare to last week’s closing values.

Booking Scenario

The above chart shows the international prices of ACN. CFR India prices of ACN were assessed in the range of USD 1745-1765/MT.

INDIA& INTERNATIONAL

• Domestic prices of ACN increased significantly for this week. Prices were assessed at the level of Rs.130/Kg for bulk quantity.
• CFR India prices of Acrylonitrile were assessed in the range of USD 1940-1960/MT; with a hike of USD 195/MTS in compare to last week’s closing values.
• The market has boosted up significantly after Diwali vacation. Demand has been at its hike as many traders were not available during this festive season. As more and traders will return to the market the situation will become more normal and ease.
• On Thursday, closing crude values have increased. WTI on NYME closed at $54.54/bbl; prices have increased by $0.24/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.13/bbl in compared to last trading and was assessed around $60.62/bbl.

$1 = Rs. 64.55
Import Custom Ex. Rate USD/ INR: 65.40
Export Custom Ex. Rate USD/ INR: 64.70