Weekly Price Trend: 05-06-2017 to 09-06-2017
Comparison between domestic price of Formaldehyde and Methanol
From 05th June to 09th June, 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 05th June to 09th June, 2017. Previous week prices of Formaldehyde had followed weak inclination and at the end of the week prices were assessed at Rs. 10.25/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. 18.25/Kg for Kandla and Rs 18.25/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.10.25/Kg at Ahmedabad port, The prices of methanol had followed volatile proclivity, on 05th June, 2017 Methanol prices were assessed at Rs 18.25/kg for Kandla and Mumbai ports and at the end of the week on 09th June, 2017 prices of methanol were evaluated at Rs 18.5/kg for Kandla and Rs 18.5/kg for Mumbai ports of India.
Previous week, CFR India methanol prices have increased, domestic prices have decreased. This week methanol prices remained volatile. Some of the market players have said that presently methanol market is moving with uncertain velocity. While other industry predictors have said that material 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 249/MTS. This week prices have increased by USD 10/mt compares to last assessed price.
$1 = Rs. 64.24
Import Custom Ex. Rate USD/ INR: 65.35
Export Custom Ex. Rate USD/ INR: 63.70
