Weekly Price Trend: 04-09-2017 to 08-09-2017
Comparison between domestic price of Formaldehyde and Methanol
From 04th Sep to 08th Sep, 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 04th Sep to 08th Sep, 2017. Previous week prices of Formaldehyde had followed up inclination and at the end of the week prices were assessed at Rs. 14/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde also had followed up trend at Kandla and Mumbai ports and at the end of previous week prices of methanol were assessed at Rs. 27.5/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.16.5/Kg at Ahmedabad port, The prices of methanol also had followed up proclivity, on 04th Sep, 2017 Methanol prices were assessed at Rs 30/kg for Kandla and Mumbai ports and at the end of the week on 08t Sep, 2017 prices of methanol were evaluated at Rs 32.5/kg for Kandla and for Mumbai ports of India.
Previous week, CFR India methanol prices have increased, domestic prices also have increased. This week methanol prices have increased drastically and formaldehyde prices also have increased. As per the market report, methanol prices have increased swiftly on account of shortage of supply in Asian market. Some players have said that this situation will prevail in market for short duration while some have adopted wait and observe stance to understand market trend.
CFR India prices of Methanol were assessed in the range of USD 310/MTS. This week prices have increased by USD 28/mt compares to last assessed price.
$1 = Rs. 63.78
Import Custom Ex. Rate USD/ INR: 64.90
Export Custom Ex. Rate USD/ INR: 63.25
