Weekly Price Trend: 31-07-2017 to 04-08-2017
Comparison between domestic price of Formaldehyde and Methanol
From 31st July to 04th Aug, 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 31st July to 04th Aug, 2017. Previous week prices of Formaldehyde had followed up inclination and at the end of the week prices were assessed at Rs. 11.5/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde 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 Mumbai port.
This week the domestic market of Formaldehyde had followed up tendency and at the end of the week prices were assessed at Rs.11.75/Kg at Ahmedabad port, The prices of methanol also had followed up proclivity, on 31st July, 2017 Methanol prices were assessed at Rs 21.5/kg for Kandla and Mumbai ports and at the end of the week on 04th Aug, 2017 prices of methanol were evaluated at Rs 23/kg for Kandla and for Mumbai ports of India.
Previous week, CFR India methanol prices have decreased, domestic prices have increased. This week methanol prices have increased and formaldehyde prices also have increased. Some of the market players have said that presently methanol market is moving with up velocity. China market also reveals sign of moving upward but this move when will last this is uncertain. Long term outlook for methanol will be uncertain.
CFR India prices of Methanol were assessed in the range of USD 250/MTS. This week prices have increased by USD 7/mt compares to last assessed price.
$1 = Rs. 63.58
Import Custom Ex. Rate USD/ INR: 64.55
Export Custom Ex. Rate USD/ INR: 62.85
