Weekly Price Trend: 21-08-2017 to 25-08-2017
Comparison between domestic price of Formaldehyde and Methanol
From 21st Aug to 25th Aug, 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 21st Aug to 25th Aug, 2017. Previous week prices of Formaldehyde had followed up inclination and at the end of the week prices were assessed at Rs. 13/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. 24.25/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.12.75/Kg at Ahmedabad port, The prices of methanol also had followed weak proclivity, on 21st Aug, 2017 Methanol prices were assessed at Rs 23.75/kg for Kandla and Mumbai ports and at the end of the week on 25th Aug, 2017 prices of methanol were evaluated at Rs 23.75/kg for Kandla and for Mumbai ports of India.
Previous week, CFR India methanol prices have increased, domestic prices have increased. This week methanol prices have decreased and formaldehyde prices also have decreased. Some of the market players have said that presently methanol market is moving with up velocity. China market also reveals sign of moving upward for short term but long term outlook for methanol will be uncertain.
CFR India prices of Methanol were assessed in the range of USD 258/MTS. This week prices have remained firm in compares to last assessed price.
$1 = Rs. 64.03
Import Custom Ex. Rate USD/ INR: 65.15
Export Custom Ex. Rate USD/ INR: 63.45
