C9 Weekly Report 25 Nov 2017

Weekly Price Trend: 20-11-2017 to 24-11-2017

• The above given graph focuses on the C9 price trend for the current week.
• Domestic prices of C9 remained firm for this week. Prices were assessed at the level of Rs.54/Kg for bulk quantity by closing of market.

Booking Scenario

INDIA& INTERNATIONAL

• Domestic prices improved slightly for this week. Prices were assessed at the level of Rs.54/Kg for bulk quantity.
• Prices in international market remained firm for this week. CIF India prices were assessed at the level of USD 750-770/MTS, with an increase of USD 40/MTS in compare to last week’s closing values.

• Market trends remained stable to positive for this week.

• There has been huge cult in the petrochemical production output in China since January to October. On an average production growth has slowdown for 8.5 % to 3.9%. This has been due to extra consciousness of communist government of China in environmental issues. The quality of air has been regarded as worst in Chin since past few years. To overcome such issues the government has decided to put an cult on the petchem production. The Beijing-Tianjin-Hebei Region has been constantly monitored by the government.
• Industry sources expect the environmental measures to be adopted in the eastern and southern parts of China as well, and could mean a further curtailment to the country's overall petrochemical supply that will consequently drive up prices.
• There “is likely to be significant disruption to existing chemicals’ capacity” amid China’s environmental protection campaign.

1 = Rs. 67.63
Import Custom Ex. Rate USD/ INR: 66.20
Export Custom Ex. Rate USD/ INR: 64.50