Formaldehyde Weekly Report 2 June 2018

Weekly Price Trend: 28-05-2018 to 01-06-2018

• The above given graph focuses on Formaldehyde price trend for the current week.
• If we take a quick look at the above given weekly prices, it can be observed that the market of Formaldehyde had followed weak trend in the domestic market and at the end of this week price were assessed at the level of Rs. 16.25/Kg at Ahmedabad Port.

Comparison between domestic price of Formaldehyde and Methanol
From 28th May to 1st June,2018

The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 28th May to 01st June 2018.

Previous week prices of Formaldehyde had followed weak inclination and at the end of the week prices were assessed at Rs.16/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde had followed weak trend and at the end of the week on prices of methanol were evaluated at Rs 30.75/kg for Kandla and Rs 30.75/kg for Mumbai ports of India.

This week the domestic market of Formaldehyde had followed firm trend and at the end of the weak prices were assessed at Rs.16/Kg at Ahmedabad port, The prices of methanol had followed firm proclivity, on 28th May, 2018 Methanol prices were assessed at Rs 30.75/kg for Kandla and Rs 30.75/kg  for Mumbai ports and at the end of the week on 01st June, 2018 prices of methanol were evaluated at Rs 30.75/kg for Kandla and Rs 30.75/kg for Mumbai ports of India.

CFR India prices of Methanol were assessed in the range of USD 382/MTS. This week prices have decreased by USD 8MT in compares to last assessed price.

 $1 = Rs. 67.05
 Import Custom Ex. Rate USD/ INR: 68.65
 Export Custom Ex. Rate USD/ INR: 66.95