Maleic Anhydride Weekly Report 2 June 2018

Weekly Price Trend: 21-05-2018 to 25-05-2018

• 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.106-108/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.106-108/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.
• There has been significant hike in Maleic Anhydride price in Asian market as supply glut has been the major factor. Strong demand from Europe and India has been the dominating factor in rise in prices. CFR SEA prices were assessed in the range of USD 1440-1460/MT. Demand from the downstream sector has been the prominent on last few weeks.
• In the Indian market there has been big leap in the values on back of delay in the shipment for last few weeks.
• This week oil prices followed a mixed trend. On Thursday U.S. crude prices sank after a brief rally in the previous session, but as per analysis the recent slump in oil prices won't last much longer.
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $67.04/bbl; prices have decreased by $1.17/bbl in compared to last closing prices. While Brent on Inter
• Continental Exchange increased by $0.09/bbl in compared to last trading and was assessed around $77.59/bbl.
• Oil prices were already heading lower on recent reports that OPEC, Russia and several other producer nations could soon begin winding down their 17-month-old deal to cap output. That agreement has drained a global glut of oil and helped balance the market, but it's now under review due to falling Venezuelan output and renewed U.S. sanctions against Iran.
• Market players said that supply and demand in the oil market are finely balanced, and surging U.S. output might not be enough to offset supply disruptions in Venezuela and Iran. Oil market fundamentals and OPEC policy could support oil at around $70 a barrel or higher.

$1 = Rs. 67.07
Import Custom Ex. Rate USD/ INR: 68.65
Export Custom Ex. Rate USD/ INR: 66.95