Phenol Weekly Report 10 July 2020

Weekly Price Trend: 06-07-2020 to 10-07-2020

• 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 unchanged for this week.
• Prices were assessed at the level of Rs.54/Kg for bulk quantity, remained unchanged for this week.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.54/Kg for bulk quantity. Prices reduced by Rs.2/Kg for this week.
• CFR India prices for this week were assessed in the range of USD 1120-1140/MTS for this week.
• FOB Korea values for Benzene were assessed around USD 415/MT for this week. There has been slight decline of USD 3/MT in Benzene values for this week. CFR China prices were assessed at the level of USD 428MT for this week.
• There has been continuous surge in Corona cases in major cities of India. The financial city of India Mumbai has been hotspot for the pandemic. The state government over there has declared complete lockdown again for two weeks. Operations are likely to get setback due to this lockdown.
• The face-off between India and China has been major concern for global petrochemical market. India this week has banned the apps and is focusing more on Make in India rather importing from China. The tensions has been escalating day by day where China has been conquering the lands in south Asia and creating tensions with neighboring countries.

$1 = Rs. 75.20

Import Custom Ex. Rate USD/ INR: 76.40

Export Custom Ex. Rate USD/ INR: 74.70