Maleic Anhydride Weekly Report 18 Nov 2017

Weekly Price Trend: 13-11-2017 to 17-11-2017

• The above given graph focuses on the Maleic Anhydride price trend for the current week.
• This week, there has been hike in the domestic prices by end of the week.
• Prices were assessed at the level of Rs.112-114/Kg for Mumbai and Ahmedabad 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 increased heavily for this week. Prices were assessed at the level of Rs.112-114/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.

• Market trends remained stable to positive for this week. Market will see an upsurge in next few weeks as political tension Saudi Arabia has been clinching the petrochemical market all over the world.
• There has been continuous hike in exchange rates for India as well. This in turn tightens the market conditions for importers.
• There has been a constant worry from China market as government over there has become really strict with petrochemical industry regarding pollution and environmental issues. Many units under shut down are unable to go on-stream due to denial from government authorities.

$1 = Rs. 67.63
Import Custom Ex. Rate USD/ INR: 66.20
Export Custom Ex. Rate USD/ INR: 64.50