Phenol Weekly Report 07 July 2018

Weekly Price Trend: 02-07-2018 to 06-07-2018

• 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. 110/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.110/Kg for bulk quantity. Prices have remained firm.
• CFR India prices for this week were assessed in the range of USD 1340-1360/MTS, prices have decreased in compared to last assessed values.
• This week Phenol market is moving with soft-to-stable velocity no major deals and discussion has been heard.
• In domestic market Phenol prices have plunged with bearish demand sentiments while feedstock benzene prices have increased.
• Thailand’s PTT Phenol restarts its Bisphenol A unit after brief outage.
• Sinopec cuts east China phenol offer by CNY300/tone.
• This week benzene prices have increased.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 835/mt and USD 835/mt respectively.

 $1 = Rs. 68.87
 Import Custom Ex. Rate USD/ INR: 69.70
 Export Custom Ex. Rate USD/ INR: 68.00