Weekly Price Trend: 24-04-2017 to 28-04-2017
Comparison between domestic price of Formaldehyde and Methanol
From 24th Apr to 28th Apr, 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 24th Apr to 28th Apr, 2017. Previous week prices of Formaldehyde had followed weak inclination and at the end of the week prices were assessed at Rs. 12/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. 20.5/Kg for Kandla and Rs 20.25/kg for 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.11.5/Kg at Ahmedabad port, The prices of methanol also had followed weak proclivity, on 24th Apr, 2017 Methanol prices were assessed at Rs 19.5/kg for Kandla and Rs 19/kg for Mumbai port and at the end of the week on 24th Apr, 2017 prices of methanol were evaluated at Rs 19.25/kg for Kandla and Rs 19/kg for Mumbai ports of India.
Previous week, CFR India methanol prices have decreased, domestic prices also have decreased. This week methanol prices plunged. Presently methanol market is moving with weak velocity due to this formaldehyde prices were also plunging. For near term outlook all the market players have been uncertain on account of this they are not buying material in bulk quantity.
CFR India prices of Methanol were assessed in the range of USD 250/MTS. This week prices have decreased by USD 10/mt compares to last assessed price.
$1 = Rs. 64.24
Import Custom Ex. Rate USD/ INR: 65.55
Export Custom Ex. Rate USD/ INR: 63.85
