Phenol Weekly Report 1 November 2019

Weekly Price Trend: 28-10-2019 to 1-11-2019

• The above given graph focuses on the Phenol price trend for the current week.
• If we take a quick look at the above given week, prices remained stable for this week. By end of the week prices were assessed at the level of Rs. 70/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.70/Kg for bulk quantity. Prices remained unchanged for this week.
• CFR India prices for this week were assessed in the range of USD 1030-1050/MTS, with no change in prices for this week.
• Benzene is the major raw material for Phenol production. FOB Korea values for Benzene were assessed around USD 624/MT for this week reduced by USD 26/MTS for this week, while CFR China prices were assessed at the level of USD 645/MT for this week.
• This week domestic phenol market prices were assessed around Rs.70/Kg for bulk quantity. Prices remained unchanged for this week.
• CFR India prices for this week were assessed in the range of USD 1030-1050/MTS, with no change in prices for this week.
• Benzene is the major raw material for Phenol production. FOB Korea values for Benzene were assessed around USD 640/MT for this week reduced by USD 20/MTS for this week, while CFR China prices were assessed at the level of USD 665/MT for this week.
• Most of the markets in India are also operating rate festive season is celebrated across the country.
• Indian markets are operating on reduced rate as country is festive mood. This weekend there will be diwali celebrations across the nation with long extended vacations.
• Oil futures finished higher Thursday, as the U.S. and Turkey reached a cease-fire pact in Syria, temporarily easing Middle East tensions, and a tentative Brexit deal fueled appetite for assets perceived as risky.
• On Thursday, closing crude values have increased. WTI on NYME closed at $56.23/bbl. Prices have increased by 0.26/bbl in compared to last closing prices. While Brent on Inter Continental Exchange is increased by 0.50/bbl in compare to last closing price and was assessed around $61.67/bbl. 

$1 = Rs. 70.81

Import Custom Ex. Rate USD/ INR: 72.30

Export Custom Ex. Rate USD/ INR: 70.60