Methanol Weekly Report 18 Nov 2017

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

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.27.25/Kg for Kandla and Rs 27.25/kg Mumbai ports.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market prices of Methanol have followed increasing trend and by the end of the week prices were evaluated at Rs 27.25/kg for Kandla and Rs 27.25/kg for Mumbai ports.     
• CFR India prices were assessed in the range of USD 315-335/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%.

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