Formaldehyde Weekly Report 25 Feb 2017

Weekly Price Trend: 20-02-2017 to 24-02-2017

• 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. 18/Kg at Ahmedabad Port.

Comparison between domestic price of Formaldehyde and Methanol
From 20th Feb to 24th Feb, 2017

The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 20th Feb to 24th Feb, 2017. Previous week prices of Formaldehyde had followed up inclination and at the end of the week prices were assessed at Rs. 18.5/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde had followed volatile trend at Kandla and Mumbai ports and at the end of previous week prices of methanol were assessed at Rs. 35/Kg for Kandla and Rs 34.5/kg for Mumbai the port.

This week the domestic market of Formaldehyde had followed firm tendency and at the end of the week prices were assessed at Rs.18.5/Kg at Ahmedabad port, The prices of methanol had followed weak proclivity, on 20th Feb, 2017 Methanol prices were assessed at Rs 35/kg for Kandla and Rs 34.5/kg for Mumbai port and at the end of the week on 24th Feb, 2017 prices of methanol were evaluated at Rs 34/kg for Kandla and Rs 33.5/kg for Mumbai ports of India.

Previous week, CFR India methanol prices have increased, domestic prices also fluctuated. This week methanol prices have decreased. Recently methanol market is moving with uncertain velocity market players have been uncertain that what will be the upcoming market outlook.
CFR India prices of Methanol were assessed in the range of USD 371/MTS. This week prices have decreased by USD 4/mt compares to last assessed price.
 
 $1 = Rs. 66.83
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15