ACN Weekly Report 11 Nov 2017

Weekly Price Trend: 06-11-2017 to 10-11-2017

• The above given graph focuses on the ACN price trend from 6th Nov to 10th 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.

Total import at Kandla port in the month of September 2017

The above chart depicts the import of ACN at Kandla port of India in the month of September 2017.

Booking Scenario

The above chart shows the international prices of ACN. CFR India prices of ACN were assessed in the range of USD 1960-1980/MT.
INDIA& INTERNATIONAL

• Domestic prices of ACN remained stable-to-firm for this week. Prices were assessed at the level of Rs.129/Kg for bulk quantity.
• CFR India prices of Acrylonitrile were assessed in the range of USD 1960-1980/MT, with an hike of USD 20/MTS in compare to last week’s closing values.
• Last week on Thursday, closing crude values have increased. WTI on NYME closed at $57.17/bbl; prices have increased by $0.36/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.44/bbl in compared to last trading and was assessed around $63.93/bbl.
• Market trends remained stable to positive for this week. Market will see an upsurge in next few weeks as political tension in Saudi Arabia has been disturbing the petrochemical market all over the world.

$1 = Rs. 67.63
Import Custom Ex. Rate USD/ INR: 65.40
Export Custom Ex. Rate USD/ INR: 64.70