Weekly Price Trend: 03-04-2017 to 07-04-2017
Comparison between domestic price of Formaldehyde and Methanol
From 03rd Apr to 07th Apr, 2017
The above given chart shows the comparison between domestic price trend of Formaldehyde and Methanol from 03rd Apr to 07th Apr, 2017. Previous week prices of Formaldehyde had followed weak 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 had followed weak trend at Kandla and Mumbai ports and at the end of previous week prices of methanol were assessed at Rs. 24.5/Kg for Kandla and Rs 24/kg for Mumbai port.
This week the domestic market of Formaldehyde had followed up tendency and at the end of the week prices were assessed at Rs.13.25/Kg at Ahmedabad port, The prices of methanol had followed up proclivity, on 03rd Apr, 2017 Methanol prices were assessed at Rs 23.75/kg for Kandla and Rs 23.5/kg for Mumbai port and at the end of the week on 07th Apr, 2017 prices of methanol were evaluated at Rs 24.5/kg for Kandla and Rs 24/kg for Mumbai ports of India.
Previous week, CFR India methanol prices have plunged, domestic prices also have fluctuated. This week methanol prices increased. Presently methanol market is moving with up velocity, after the four days holiday china market had opened with the positive knot and upcoming market outlook also will be affirmative, said by market players.
CFR India prices of Methanol were assessed in the range of USD 307/MTS. This week prices have decreased by USD 5/mt compares to last assessed price.
$1 = Rs. 64.28
Import Custom Ex. Rate USD/ INR: 65.90
Export Custom Ex. Rate USD/ INR: 64.20
