Formaldehyde Weekly Report 23 Sep 2017

Weekly Price Trend: 18-09-2017 to 22-09-2017

• 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. 14.5/Kg at Ahmedabad Port.

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

The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 18th Sep to 22nd  Sep, 2017. Previous week prices of Formaldehyde had followed firm inclination and at the end of the week prices were assessed at Rs. 16.5/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. 31.5/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.14.5/Kg at Ahmedabad port, The prices of methanol also had followed weak proclivity, on 18th Sep, 2017 Methanol prices were assessed at Rs 31.5/kg for Kandla and Mumbai ports and at the end of the week on 22nd Sep, 2017 prices of methanol were evaluated at Rs 27/kg for Kandla and for Mumbai ports of India.

Previous week, CFR India methanol prices have increased, domestic prices remained soft-to-stable. This week methanol prices have decreased and formaldehyde prices also have plunged. CFR India prices of Methanol were assessed in the range of USD 329/MTS. This week prices have decreased by USD 21/mt compares to last assessed price.

 
 $1 = Rs. 64.79
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 63.70