Maleic Anhydride Weekly Report 27 Oct 2018

Weekly Price Trend: 22-10-2018 to 26-10-2018

• The above given graph focuses on the Maleic Anhydride price trend for the current week.
• This week, marke have remained firm. Prices were assessed at the level of Rs.105-103/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 have remained firm in domestic market. Prices were assessed at the level of Rs.105-103/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 1270-1290/MT, for Taiwan origin material, with no change for this week.

There has been continuous flatness in Maleic Anhydride values on back of weak demand and ample supply. According to experts mostly the buyers restock their material in the month of October and November. But this time demand has plunged heavily due to already existing stock. Demand has not recovered from the usual seasonal break that spans from June to August. Some buyers in the Indian region are meeting their immediate requirements with contractual volumes from domestic producers.

• Financial markets have been hit hard by a range of worries, including the U.S.-China trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, and economic concerns in Italy.
• Washington is putting pressure on governments around the world to stop importing oil from Iran.
• Most, including its biggest customer China, are falling in line, and Iran has turned to storing its unsold oil on its tanker fleet in the hope that it can sell the crude off quickly once the sanctions are lifted again.

$1 = Rs. 73.46
Import Custom Ex. Rate USD/ INR: 74.30
Export Custom Ex. Rate USD/ INR: 72.60