Weekly Price Trend: 30-01-2017 to 03-02-2017
Comparison between domestic price of Formaldehyde and Methanol
From 30th Jan to 03rd Feb, 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 30th Jan to 3rd Feb, 2017. Previous week prices of Formaldehyde had followed up inclination and at the end of the week prices were assessed at Rs. 16.25/Kg at Ahmedabad port. Prices of Methanol which is a feedstock of Formaldehyde had followed up trend at Kandla and Mumbai ports and at the end of previous week prices of methanol were assessed at Rs. 31.5/Kg for both the ports.
This week the domestic market of Formaldehyde had followed up tendency and at the end of the week prices were assessed at Rs.17.5/Kg at Ahmedabad port, The prices of methanol had followed mixed proclivity, on 30th Jan, 2017 Methanol prices were assessed at Rs 33/kg for Kandla and Mumbai ports and at the end of the week on 03rd Feb prices of methanol were evaluated at Rs 34.5/kg for Kandla and Rs 32/kg for Mumbai ports of India.
Previous week, CFR India methanol prices have increased, domestic prices also escalated. This week methanol prices have remained mixed. Recently in domestic market methanol demand is escalating on account of this prices have increased. Upcoming market sentiments has been uncertain as China market has been shut for lunar New year vacations as the market will resume subsequently market will take move.
CFR India prices of Methanol were assessed in the range of USD 335/MTS. This week prices have increased by USD 8/mt compares to last assessed price.
$1 = Rs. 67.31
Import Custom Ex. Rate USD/ INR: 68.40
Export Custom Ex. Rate USD/ INR: 66.70
