Methanol Weekly Report 25 August 2018

Weekly Price Trend: 20-08-2018 to 24-08-2018

The above graph focuses on the Methanol price trend for the current week. Prices have followed weak trend for this week. By the end of the week prices were assessed around Rs 31.25/Kg for Kandla and Rs 31.25/kg Mumbai ports.

Total import at various ports of India July, 2018

Above graph represents the total imported Quantity of Methanol for the month of July, 2018. Last month total imports were around 252808MT. In the month of July at Kandla port imports were higher while at Nhava Sheva port lesser quantity has been imported.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market prices of Methanol have followed weak trend and by the end of the week prices were evaluated at Rs 31.25/kg for Kandla and Rs 31.25/kg for Mumbai ports.     
• CFR India prices were assessed in the range of USD 370/MTS. Prices have plunged in compares to previous week.
• CFR China prices were evaluated at USD 400/MT. Prices have increased in compare to last week.
• China's Shaanxi Yulin Energy & Chemical shuts methanol plant.
• As per report, Koch Methanol is planning to invest in Yuhuang plant in Louisiana.
• This week Methanol market has remained soft-to-stale. Market players have said that on account of uncertain market condition end users have adopted wait and observe stances recently.
• This week oil prices have followed volatile trend. On Thursday oil prices plunged as an swelling trade dispute between the United States and China balanced news of a decline in U.S. commercial crude inventories.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $67.83/bbl. Prices have decreased by $0.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.05/bbl in compare to last closing price and was assessed around $74.73/bbl.

 $1 = Rs. 69.91
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40