Weekly Price Trend: 12-03-2018 to 16-03-2018
Comparison between domestic price of Formaldehyde and Methanol
From 12th Mar to 16th Mar, 2018
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 12th Mar to 16th Mar, 2018.
Previous week prices of Formaldehyde had followed firm inclination and at the end of the week prices were assessed at Rs.13.5/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde had followed slight up trend at Kandla and Mumbai ports and at the end of previous week prices of methanol were assessed at Rs. 26.75/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.15.75/Kg at Ahmedabad port, The prices of methanol also had followed up proclivity, on 12th Mar, 2018 Methanol prices were assessed at Rs 27/kg for Kandla and Mumbai ports and at the end of the week on 12th Mar, 2018 prices of methanol were evaluated at Rs 30/kg for Kandla and for Mumbai ports of India.
CFR India prices of Methanol were assessed in the range of USD 374/MTS. This week prices have increased sharply by USD 33MT in compares to last assessed price.
$1 = Rs. 64.93
Import Custom Ex. Rate USD/ INR: 65.80
Export Custom Ex. Rate USD/ INR: 64.15