Methanol Weekly Report 08 Sep 2018

Weekly Price Trend: 03-09-2018 to 07-09-2018

• The above graph focuses on the Methanol price trend for the current week. Prices remained stable for this week.
• By the end of the week prices were assessed around Rs 30.75/Kg for Kandla and Rs 31/kg Mumbai ports.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market prices of Methanol prices remained stable and were evaluated at Rs 30.75/kg for Kandla and Rs 31/kg for Mumbai ports. Although prices reduced      
• CFR India prices were assessed around USD 369/MTS. Prices reduced slightly for this week.
• CFR China prices were evaluated at USD 399/MT. On contrary to India prices has increased for China market. Prices increased by USD 6/MTS for this week.
• This week methanol prices have remained volatile on account of uncertain market condition.
• At the end of the week domestic methanol prices have escalated due to higher prices of dollar and energy values.
• OCI Nat gasoline is operating its Methanol plant at full capacity in Beaumont in Texas. The full capacity operation has been achieves since last few months.
• The plant, owned 50:50 by CEL and Netherlands-based OCI, is the largest methanol production facility in the US. Production started at the end of June after the plant was mechanically completed in April. The startup of the plant is one of the most important developments for the market in the second half of this year, according to market sources.
• With the addition of the Nat gasoline plant, US methanol production stands at about 7.5 million mt/year.

 $1 = Rs. 71.73
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40