Weekly Price Trend: 03-07-2017 to 07-07-2017
Comparison between domestic price of Formaldehyde and Methanol
From 03rd July to 07h July, 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 03rd July to 07th July, 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 had followed weak trend at Kandla and Mumbai ports and at the end of previous week prices of methanol were assessed at Rs. 20.5/Kg for Kandla and Mumbai port.
This week the domestic market of Formaldehyde had followed weak tendency and at the end of the week prices were assessed at Rs.10.5/Kg at Ahmedabad port, The prices of methanol had followed weak proclivity, on 03rd July, 2017 Methanol prices were assessed at Rs 20.25/kg for Kandla and Mumbai ports and at the end of the week on 7th July, 2017 prices of methanol were evaluated at Rs 20/kg for Kandla and for Mumbai ports of India.
Previous week, CFR India methanol prices have increased, domestic prices have decreased. 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 242/MTS. This week prices have increased by USD 2/mt compares to last assessed price.
$1 = Rs. 64.59
Import Custom Ex. Rate USD/ INR: 65.65
Export Custom Ex. Rate USD/ INR: 63.95
