Formaldehyde Weekly Report 23 Dec 2017

Weekly Price Trend: 18-12-2017 to 22-12-2017

• 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/Kg at Ahmedabad Port.

Comparison between domestic price of Formaldehyde and Methanol
From 18th Dec to 22nd  Dec, 2017

The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 18th Dec to 22nd  Dec, 2017. Previous week prices of Formaldehyde had followed up inclination and at the end of the week prices were assessed at Rs. 16.75/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde also had followed up trend at Kandla and Mumbai ports and at the end of previous week prices of methanol were assessed at Rs. 32.75/Kg for Kandla and 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.16/Kg at Ahmedabad port, The prices of methanol also had followed weak proclivity, on 18th Dec, 2017 Methanol prices were assessed at Rs 32.75/kg for Kandla and Mumbai ports and at the end of the week on 22nd Dec, 2017 prices of methanol were evaluated at Rs 30.5/kg for Kandla and for Mumbai ports of India.

Previous week, CFR India methanol prices have increased; domestic prices also have increased. This week methanol prices have decreased and formaldehyde prices also have plunged. CFR India prices of Methanol were assessed in the range of USD 422/MTS. This week prices have increased by USD 17/mt in compares to last assessed price.

 $1 = Rs. 64.04
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.20