Weekly Price Trend: 01-05-2017 to 05-05-2017
Comparison between domestic price of Formaldehyde and Methanol
From 01st May to 05th May , 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 01st May to 05th May, 2017. Previous week prices of Formaldehyde had followed firm inclination and at the end of the week prices were assessed at Rs. 11/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. 19.25/Kg for Kandla and Rs 19/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 volatile proclivity, on 01st May, 2017 Methanol prices were assessed at Rs 18.75/kg for Kandla and Rs 18.5/kg for Mumbai port and at the end of the week on 05th May, 2017 prices of methanol were evaluated at Rs 19/kg for Kandla and Rs 18.75/kg for Mumbai ports of India.
Previous week, CFR India methanol prices have decreased, domestic prices also have decreased. This week methanol prices remained volatile. Presently methanol market is moving with weak velocity due to this formaldehyde prices were also plunging. For near term outlook all the market players have said that supply will be higher while demand sentiments will be weaker on account of this methanol prices will go down.
CFR India prices of Methanol were assessed in the range of USD 231/MTS. This week prices have decreased by USD 19/mt compares to last assessed price.
$1 = Rs. 64.37
Import Custom Ex. Rate USD/ INR: 65.10
Export Custom Ex. Rate USD/ INR: 63.40
