Phenol Weekly Report 09 Dec 2017

Weekly Price Trend: 04-12-2017 to 08-12-2017

• 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 fluctuated sharply and at the end of the week were assessed at the level of Rs. 97/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.97/Kg for bulk quantity. Prices have increased sharply.
• CFR India prices for this week were assessed in the range of USD 1290-1310/MTS, prices have increased in compared to last assessed values.
• Recently China Phenol prices have increased on shortage of supply and feedstock prices remains on uptrend.
• This week SI Group also have escalated Phenol prices from Rs 107/kg to Rs 110/kg.
• Presently Phenol prices are moving with up velocity as demand has been higher from industry players while material has been limited.
• Sinopec raises north, east China phenol offers.
• Crude oil prices have remained mixed through the week. Oil rose on Thursday in a sign that investors are doubtful of pushing the market lower in response to an unexpectedly large rise in U.S. stocks of refined products that has increased concern about the demand outlook.
• On Thursday, closing crude values have increased. WTI on NYME closed at $56.69/bbl; prices have increased by $0.73/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.98/bbl in compared to last trading and was assessed around $62.20/bbl
• Feedstock benzene prices have increased in Asian market this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 915/mt and USD 910/mt respectively.

 $1 = Rs. 64.46
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 63.70