ACN Weekly Report 15 July 2017

Weekly Price Trend: 10-07-2017 to 14-07-2017

• The above given graph focuses on the ACN price trend from 10th July to 14th July 2017. In compare to last week’s closing values there has been slight change in domestic values.
• Domestic prices were assessed at the level of Rs.108/Kg, reduced by Rs.1/Kg for this

      week.

Booking Scenario

The above chart shows the international prices of ACN. CFR India prices of ACN were assessed in the range of USD 1510-1530/MT.
INDIA& INTERNATIONAL

• Domestic prices of ACN reduced slightly for this week. Prices were assessed at the level of Rs 108/Kg for bulk quantity.
• CFR India prices of Acrylonitrile were assessed in the range of USD 1510-1530/MT, with no change in compare to last week’s closing values.

• This week Crude oil prices followed up an positive trend as Saudi Arabia is going to cut exports of crude oil to the United States, but this is going to be a short-term effect on the market as the United States becomes much more energy independent.
• On Thursday, closing crude values have increased.WTI on NYME closed at $46.08/bbl, prices have increased by $0.59/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.68/bbl in compared to last trading and was assessed around $48.42/bbl.
• As per market source, the oil market could stay oversupplied for longer than expected due to rising production and limited output cuts by some OPEC exporters. Rising consumption in Germany and the United States was helping boost oil demand. OPEC said its production rose by 393,000 barrels per day in June to 32.611 million bpd.

$1 = Rs. 64.45
Import Custom Ex. Rate USD/ INR: 65.65
Export Custom Ex. Rate USD/ INR: 63.95