Weekly Price Trend: 26-06-2017 to 30-06-2017
Comparison between domestic price of Formaldehyde and Methanol
From 26th June to 30th June, 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 26th June to 30th June, 2017. Previous week prices of Formaldehyde had followed up inclination and at the end of the week prices were assessed at Rs. 11.25/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde also had followed up trend at Kandla and Mumbai ports and at the end of previous week prices of methanol were assessed at Rs. 21.25/Kg for Kandla and Rs 21.25/kg for Mumbai port.
This week the domestic market of Formaldehyde had followed firm tendency and at the end of the week prices were assessed at Rs.11/Kg at Ahmedabad port, The prices of methanol had followed weak proclivity, on 26th June, 2017 Methanol prices were assessed at Rs 21/kg for Kandla and Mumbai ports and at the end of the week on 30th June, 2017 prices of methanol were evaluated at Rs 20.5/kg for Kandla and for Mumbai ports of India.
Previous week, CFR India methanol prices have increased, domestic prices also have increased. From last week methanol prices have decreased as demand sentiments have plunged from end users in domestic market. Some of the market players have said that presently methanol market is moving with uncertain velocity. While other industry predictors have said that material is still available in ample amount and near term outlook will be bearish as downstream demand will remain bearish.
CFR India prices of Methanol were assessed in the range of USD 245/MTS. This week prices have dcreased by USD 5/mt compares to last assessed price.
$1 = Rs. 64.58
Import Custom Ex. Rate USD/ INR: 65.15
Export Custom Ex. Rate USD/ INR: 63.50.
