Weekly Price Trend: 08-05-2017 to 12-05-2017
Comparison between domestic price of Formaldehyde and Methanol
From 08th May to 12th May , 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 08th May to 12th May, 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. 19/Kg for Kandla and Rs 18.75/kg for 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/Kg at Ahmedabad port, The prices of methanol also had followed weak proclivity, on 08th May, 2017 Methanol prices were assessed at Rs 18.25/kg for Kandla and Rs 18.25/kg for Mumbai port and at the end of the week on 08th May, 2017 prices of methanol were evaluated at Rs 17/kg for Kandla and Rs 17/kg for Mumbai ports of India.
Previous week, CFR India methanol prices have decreased, domestic prices also have decreased. This week methanol prices plunged sharply. Presently methanol market is moving with weak velocity due to this formaldehyde prices also were plunging. For near term outlook all the market players have said that supply will be higher while demand sentiments will be weaker on account of this methanol prices will go down.
CFR India prices of Methanol were assessed in the range of USD 229/MTS. This week prices have decreased by USD 2/mt compares to last assessed price.
$1 = Rs. 64.30
Import Custom Ex. Rate USD/ INR: 65.10
Export Custom Ex. Rate USD/ INR: 63.40
