Maleic Anhydride Weekly Report 17 Feb 2018
Weekly Price Trend: 12-02-2018 to 16-02-2018
- The above given graph focuses on the Maleic Anhydride price trend for the current week.
- This week, there has been significant hike in the domestic prices by end of the week.
- Prices were assessed at the level of Rs.104-102/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 firm for this week. Prices were assessed at the level of Rs.104-102/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 980-1000/MT, for Taiwan origin material, with no change for this week.
- China market remained closed due to Lunar holidays. The activities will resume only after 21st Feb 2018.
- This week oil prices have followed volatile trend. Oil prices extended gains on Thursday as a weak dollar and supportive comments from Saudi Arabia outweighed record U.S. production and rising inventories.
- On Thursday, closing crude values have remained mixed. WTI on NYME closed at $61.34/bbl; prices have increased by $0.74/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.03/bbl in compared to last trading and was assessed around $64.33/bbl.
- On Friday Oil prices edged higher as the dollar stood near a three-year low in subdued Asian trade, with many markets closed for the Lunar New Year holiday.
- As per market players, Oil is getting support from a rebound in global stock markets and a weak dollar, but the upside is limited due to a projection for rising U.S. production.
$1 = Rs. 64.21
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.85
