Weekly Price Trend: 07-08-2017 to 11-08-2017
Comparison between domestic price of Formaldehyde and Methanol
From 07th Aug to 11th Aug, 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 7th Aug to 11th Aug, 2017. Previous week prices of Formaldehyde had followed up inclination and at the end of the week prices were assessed at Rs. 11.75/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde had followed up trend at Kandla and Mumbai ports and at the end of previous week prices of methanol were assessed at Rs. 23/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.12.5/Kg at Ahmedabad port, The prices of methanol also had followed up proclivity, on 7th Aug, 2017 Methanol prices were assessed at Rs 22.75/kg for Kandla and Mumbai ports and at the end of the week on 11th Aug, 2017 prices of methanol were evaluated at Rs 23.5/kg for Kandla and for Mumbai ports of India.
Previous week, CFR India methanol prices have increased, domestic prices have increased. This week methanol prices also have increased and formaldehyde prices also have increased. Some of the market players have said that presently methanol market is moving with up velocity. China market also reveals sign of moving upward for short term but long term outlook for methanol will be uncertain.
CFR India prices of Methanol were assessed in the range of USD 250/MTS. This week prices have remained same in compares to last assessed price.
$1 = Rs. 64.13
Import Custom Ex. Rate USD/ INR: 64.55
Export Custom Ex. Rate USD/ INR: 62.85
