Phenol Weekly Report 05 May 2018

Weekly Price Trend: 30-04-2018 to 04-05-2018

• The above given graph focuses on the Phenol price trend for the current week.
• If we take a quick look at the above given weekly price trend it can be observed that this week domestic market prices of Phenol have remained firm and at the end of the week prices were assessed at the level of Rs. 114/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.114/Kg for bulk quantity. Prices have remained firm
• CFR India prices for this week were assessed in the range of USD 1490-1510/MTS, prices have remained firm in compared to last assessed values.
• Domestic phenol prices have escalated on limited supply and good demand from end users.
• Presently phenol demand is strong, particularly from the adhesives and coatings sector.
• China's Lihuayi Weiyuan restarts its phenol/acetone plant.
• China's Yangzhou Shiyou to shut its phenol/acetone plant.
• US domestic phenol/acetone more active on tight supply.
• This week Feedstock Benzene prices in east China fluctuated in lower range due to China's May Day holiday.
• Benzene inventories at shore tanks along eastern China continue to rise.
• This week benzene prices have plunged.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 835/mt and USD 845/mt respectively

 $1 = Rs. 66.86
 Import Custom Ex. Rate USD/ INR: 67.50
 Export Custom Ex. Rate USD/ INR: 65.80