Formaldehyde Weekly Report 09 Dec 2017

Weekly Price Trend: 04-12-2017 to 08-12-2017

• 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. 14.5/Kg at Ahmedabad Port.

Comparison between domestic price of Formaldehyde and Methanol
From 04th Dec to 08th  Dec, 2017

The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 04th Dec to 08th Dec, 2017. Previous week prices of Formaldehyde had followed volatile inclination and at the end of the week prices were assessed at Rs. 14.5/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde had followed volatile trend at Kandla and Mumbai ports and at the end of previous week prices of methanol were assessed at Rs. 28.25/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.15.5/Kg at Ahmedabad port, The prices of methanol also had followed up proclivity, on 04th Dec, 2017 Methanol prices were assessed at Rs 29.5/kg for Kandla and Mumbai ports and at the end of the week on 08th Dec, 2017 prices of methanol were evaluated at Rs 30.5/kg for Kandla and for Mumbai ports of India.

Previous week, CFR India methanol prices have increased; domestic prices also have remained volatile. This week methanol prices have increased and formaldehyde prices also have escalated. CFR India prices of Methanol were assessed in the range of USD 401/MTS. This week prices have increased by USD 20/mt in compares to last assessed price.

 $1 = Rs. 64.46
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 63.70