Weekly Price Trend: 27-02-2017 to 03-03-2017
Comparison between domestic price of Formaldehyde and Methanol
From 27th Feb to 3rd Mar, 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 27th Feb to 3rd Mar, 2017. Previous week prices of Formaldehyde had followed weak inclination and at the end of the week prices were assessed at Rs. 18/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde had followed weak trend at Kandla and Mumbai ports and at the end of previous week prices of methanol were assessed at Rs. 32/Kg for Kandla and Rs 34/kg for Mumbai the port.
This week the domestic market of Formaldehyde had followed weak tendency and at the end of the week prices were assessed at Rs.17/Kg at Ahmedabad port, The prices of methanol had followed weak proclivity, on 27th Feb, 2017 Methanol prices were assessed at Rs 33.5/kg for Kandla and Rs 33/kg for Mumbai port and at the end of the week on 03rd Mar, 2017 prices of methanol were evaluated at Rs 32.25/kg for Kandla and Rs 32/kg for Mumbai ports of India.
Previous week, CFR India methanol prices have decreased, domestic prices also fluctuated. This week methanol prices have decreased. Recently market players have been uncertain for upcoming market outlook, while some market players have said that on account of good amount of material availability methanol market have plunged.
CFR India prices of Methanol were assessed in the range of USD 371/MTS. This week prices have decreased by USD 4/mt compares to last assessed price.
$1 = Rs. 66.81
Import Custom Ex. Rate USD/ INR: 67.65
Export Custom Ex. Rate USD/ INR: 66.00
