Maleic Anhydride Weekly Report 16 june 2018

Weekly Price Trend: 11-06-2018 to 15-06-2018

• The above given graph focuses on the Maleic Anhydride price trend for the current week.
• This week, there has been decline in the domestic prices.
• Prices were assessed at the level of Rs.104.5-102.5/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 remained weak for this week. Prices were assessed at the level of Rs.104.5-102.5/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 1440-1460/MT, for Taiwan origin material, with no change for this week.
• This week market remained dull passive on back of Ramadan and continuous 4 day holidays in this weekend.
• This week crude oil prices have followed mixed trend. On Thursday oil prices were lower, facing pressure from evidence of rising U.S. output and uncertainty over the outlook for supply.
• On Friday, closing crude values have remained mixed. WTI on NYME closed at $66.89/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter
• Continental Exchange increased by $0.86/bbl in compare to last closing price and was assessed around $76.74/bbl.
• On Friday oil prices were little changed in early Asian trade, as investors eyed a key OPEC meeting in Vienna and Saudi Arabia and Russia.As per report, OPEC and Russia are expected to gradually increase production, but opinions about easing output caps are fragmented within OPEC ahead of its meeting next week. U.S. crude output hits record 10.9 million barrels per day, as per report.

$1 = Rs. 68.01
Import Custom Ex. Rate USD/ INR: 67.85
Export Custom Ex. Rate USD/ INR: 66.15