Maleic Anhydride Weekly Report 18 June 2018
Weekly Price Trend: 13-08-2018 to 17-08-2018
- The above given graph focuses on the Maleic Anhydride price trend for the current week.
- This week, there has been slowdown in the domestic prices.
- Prices were assessed at the level of Rs.95-93/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 reduced in domestic market. Prices were assessed at the level of Rs.95-93/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 crude oil prices have followed volatile trend. On Friday Crude prices edged higher, but were heading for yet another weekly decline on worries that oversupply would weigh on the U.S. market and that trade disputes and slowing global economic growth would slow demand for oil.
- On Friday, closing crude values have increased. WTI on NYME closed at $65.91/bbl. Prices have increased by $0.45/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.40/bbl in compare to last closing price and was assessed around $71.43/bbl.
- As per analysts, despite the bearish factors, prices were prevented from falling further because of U.S. sanctions against Iran, which target the financial sector from August and will include petroleum exports from November.
$1 = Rs. 70.15
Import Custom Ex. Rate USD/ INR: 71.10
Export Custom Ex. Rate USD/ INR: 69.40
