Maleic Anhydride Weekly Report 06 Oct 2018

Weekly Price Trend: 01-10-2018 to 05-10-2018

• The above given graph focuses on the Maleic Anhydride price trend for the current week.
• This week, market have remained firm. Prices were assessed at the level of Rs.105-103/Kg for Ahmedabad and Mumbai regions.

Booking Scenario

The above chart shows the international price of Maleic Anhydride for this week. It shows that the prices for Maleic Anhydride have remained firm for this week.

INDIA & INTERNATIONAL

• Maleic Anhydride prices have remained firm in domestic market. Prices were assessed at the level of Rs.105-103/Kg for Ahmedabad and Mumbai for bulk quantity.
• International prices have remained stable for this week.
• CIF India prices of Maleic Anhydride were assessed at the level of USD 1270-1290/MT, for Taiwan origin material, with no change for this week.
• US Maleic Anhydride prices escalated on higher feedstock Butane prices. Presently feedstock prices continue to increase resulted increase in maleic prices.
• Maleic anhydride has a broad range of uses, from food additives to paints and coatings applications. Supply and demand are in balance at the start of the fourth quarter. Most production is running normal after one producer had a delayed restart after its turnaround, as per report.
• There has been heavy fluctuation in crude prices in this week. As the month of November is approaching fast the heat of sanction felt in the crude values across the world.
• On Thursday crude prices plunged due to rise in the inventory levels in US. But this hike was again pulled back on Thursday. Saudi Arabia and Russia has stated they will increase the crude supply but could not fill the void created by disruption of supply from Iran.
• With short supply from the price for crude is likely to reach a mark of $90 to $100 per barrel. On Wednesday, Saudi Energy Minister Khalid al-Falih said the kingdom was pumping near record levels and would raise output in November. Saudi Arabia is one of the few countries with the ability to significantly raise output. Many experts believe that the spar capacity of specified by Saudi is merely a statement but does exist in reality.

$1 = Rs. 73.78
Import Custom Ex. Rate USD/ INR: 74.60
Export Custom Ex. Rate USD/ INR: 72.90