ACN Weekly Report 18 Feb 2017

Weekly Price Trend: 13-02-2017 to 17-02-2017

• The above given graph focuses on the ACN price trend from 13th Feb to 17th Feb 2017.  In compare to last week’s closing values there has been significant gain in domestic prices.
• If we take a quick look at the above given weekly prices, it can be observed that prices by Rs.4/Kg for this week.
• Domestic prices were assessed at the level of Rs.110/Kg week for bulk quantity.

Booking Scenario

The above chart shows the international prices of ACN. CFR India prices of ACN were assessed in the range of USD 1440-1460/MT.
INDIA& INTERNATIONAL

• Domestic prices of ACN increased significantly this week. Prices were assessed at the level of Rs 110/Kg for bulk quantity.
• CFR India prices of Acrylonitrile were assessed in the range of USD 14440-1460/MT, with no change in compare to last week’s closing values
• Crude prices continue to oscillate in a shifting range as traders considered the conflicting influence of weakening of US dollar. There has been constant high supply in last few weeks along with rising levels in the US crude inventory levels.
• On Thursday closing, there has been rise in crude values.WTI values increased by USD 0.25/bbl and was assessed around $53.36. On other side there was slight decline in Brent values was observed. Brent crude prices reduced by $0.10/bbl and were assessed around $55.65/bbl.

$1 = Rs. 67.00
Import Custom Ex. Rate USD/ INR: 67.85
Export Custom Ex. Rate USD/ INR: 66.15