Methanol Weekly Report 11 Nov 2017

Weekly Price Trend: 06-11-2017 to 10-11-2017

The above graph focuses on the Methanol price trend for the current week. Prices have increased for this week. By the end of the week prices were assessed around Rs.25.25/Kg for Kandla and Rs 25.25/kg Mumbai ports.

Total import at various ports of India September, 2017

Above graph represents the total imported quantity of Methanol for the month of September, 2017. Last month total import was around 163864MT. As per chart last month at Bombay port imported quantity was higher while at Mangalores port import was lesser.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market prices of Methanol have followed increased and by the end of the week prices were evaluated at Rs 25.25/kg for Kandla and Rs 25.25/kg for Mumbai ports.     
• CFR India prices were assessed in the range of USD 300-320/MTS. Prices have increased in compares to previous week.
• Methanol market is moving with up velocity. Demand sentiments have been increasing from end users.
• Spot European methanol prices have increased again as the market realigns with higher values in Asia.
• US Sep methanol imports rise 27%, exports up almost 30%.
• On Thursday, closing crude values have increased. WTI on NYME closed at $57.17/bbl; prices have increased by $0.36/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.44/bbl in compared to last trading and was assessed around $63.93/bbl.

  $1 = Rs. 64.55
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 64.70