Formaldehyde Weekly Report 24 Feb 2018

Weekly Price Trend: 19-02-2018 to 23-02-2018

• 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 firm trend in the domestic market and at the end of this week price were assessed at the level of Rs. 14/Kg at Ahmedabad Port.

Comparison between domestic price of Formaldehyde and Methanol
From 19th Feb to 23rd Feb, 2018

The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 19th Feb to 23rd Feb, 2018. Previous week prices of Formaldehyde had followed weak inclination and at the end of the week prices were assessed at Rs.14/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde also had followed weak 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 firm tendency and at the end of the week prices were assessed at Rs.14/Kg at Ahmedabad port, The prices of methanol also had followed soft proclivity, on 19th Feb, 2018 Methanol prices were assessed at Rs 26.5/kg for Kandla and Mumbai ports and at the end of the week on 23rd Feb, 2018 prices of methanol were evaluated at Rs 26.25/kg for Kandla and for Mumbai ports of India.

Previous week, CFR India methanol prices have plunged; domestic prices also have decreased. This week methanol prices have plunged and formaldehyde prices have remained firm. CFR India prices of Methanol were assessed in the range of USD 342/MTS. This week prices have plunged by USD 5MT in compares to last assessed price.

 $1 = Rs. 64.73
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.85