Weekly Price Trend: 17-04-2017 to 21-04-2017
Comparison between domestic price of Formaldehyde and Methanol
From 17th Apr to 21st Apr, 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 17th Apr to 21st Apr, 2017. Previous week prices of Formaldehyde had followed firm inclination and at the end of the week prices were assessed at Rs. 13.25/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. 23.25/Kg for Kandla and Rs 23/kg for Mumbai port.
This week the domestic market of Formaldehyde had followed weak tendency and at the end of the firm prices were assessed at Rs.12/Kg at Ahmedabad port, The prices of methanol also had followed weak proclivity, on 17th Apr, 2017 Methanol prices were assessed at Rs 22.5/kg for Kandla and Rs 22.25/kg for Mumbai port and at the end of the week on 21st Apr, 2017 prices of methanol were evaluated at Rs 20.50/kg for Kandla and Rs 20.25/kg for Mumbai ports of India.
Previous week, CFR India methanol prices have decreased, domestic prices also have decreased. This week methanol prices sharply has decreased. Presently methanol market is moving with weak velocity. China methanol market is moving with downward velocity no major deals and discussion has been heard. As per market players near term demand sentiments will be bearish while supply will be abundant.
CFR India prices of Methanol were assessed in the range of USD 260/MTS. This week prices have decreased by USD 38/mt compares to last assessed price.
$1 = Rs. 64.61
Import Custom Ex. Rate USD/ INR: 65.55
Export Custom Ex. Rate USD/ INR: 63.85
