Formaldehyde Weekly Report 06 Jan 2018

Weekly Price Trend: 01-01-2018 to 05-01-2018

• The above given graph focuses on Formaldehyde price trend for the current week.
• If we take a quick look at the above given weekly prices, it can be observed that the market of Formaldehyde had followed up trend in the domestic market and at the end of this week price were assessed at the level of Rs. 16.5/Kg at Ahmedabad Port.

Comparison between domestic price of Formaldehyde and Methanol
From 01st Jan to 05th  Jan, 2018

The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 01st Jan to 05th  Jan, 2018. Previous week prices of Formaldehyde had followed weak inclination and at the end of the week prices were assessed at Rs. 15.75/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde also had followed weak trend at Kandla and Mumbai ports and at the end of previous week prices of methanol were assessed at Rs. 29.75/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.6.25/Kg at Ahmedabad port, The prices of methanol also had followed up proclivity, on 01st Jan, 2018 Methanol prices were assessed at Rs 29/kg for Kandla and Mumbai ports and at the end of the week on 05th  Jan, 2018 prices of methanol were evaluated at Rs 31/kg for Kandla and for Mumbai ports of India.

Previous week, CFR India methanol prices have decreased; domestic prices also have decreased. This week methanol prices have increased and formaldehyde prices also have increased. CFR India prices of Methanol were assessed at the level of USD 430/MTS prices have. This week prices have plunged USD 2/mt in compares to last assessed price.

 $1 = Rs. 63.37 
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.80