Phenol Weekly Report 10 Feb 2018

Weekly Price Trend: 05-02-2018 to 09-02-2018

• 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 plunged minutely and at the end of the week were assessed at the level of Rs. 85/Kg for bulk quantity.

Total Imports from January to December 2017

Above graph represents the total imported quantity of Phenol from January to December. As per graph in 2017 Total imported quantity was around 288668MT. In the month of June higher quantity has been imported while in March, imports were lesser.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.85/Kg for bulk quantity. Prices have plunged.
• CFR India prices for this week were assessed in the range of USD 1220-1240/MTS, prices have plunged in compared to last assessed values.
• This week Phenol prices have plunged as material is available in ample amount while demand has been bearish.
• Phenol marekt is moving with soft velocity ahead on Lunar New Year holiday in China.
• Benzene inventory in east China declined on account of this prices have escalated.
• Benzene inventory levels in east China have augmented on account of more arrivals and lesser demand.
• This week crude oil prices have followed weak trend. Oil prices fell sharply after the U.S. government reported crude stockpiles rose by 1.9 million barrels. The increasing U.S. oil production and crude stockpiles, and stock market sell-off, piled pressure on oil prices this week. A stronger dollar has also been a prevailing factor the decline. But the supply dynamics are working against a sustained price rally.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $61.15/bbl; prices have decreased by $0.64/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.70/bbl in compared to last trading and was assessed around $64.81/bbl.
• Feedstock benzene prices have decreased in Asian market this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 895/mt and USD 910mt respectively.

 $1 = Rs. 64.40
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.85