Phenol Weekly Report 10 March 2018
Weekly Price Trend: 05-03-2018 to 09-03-2018
- 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 increased 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 plunged.
- CFR India prices for this week were assessed in the range of USD 1300-1320/MTS, prices have remained firm in compared to last assessed values.
- China's FCFC Ningbo shuts its phenol/acetone plant for maintenance.
- As per report, India phenol import prices have increased on high discussion from end users.
- On Thursday, closing crude values have decreased. WTI on NYME closed at $60.12/bbl; prices have decreased by $1.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.73/bbl in compared to last trading and was assessed around $63.61/bbl.
- On Friday, crude oil futures rose as Asian stock markets gained on North Korean leader Kim Jong Un will meet with U.S. President Donald Trump.
- As per report, U.S. crude output is expected to surge beyond 11 million bpd by late 2018, limiting the effectiveness of output cuts by the Organization of the Petroleum Exporting Countries, Russia and other producers.
- This week feedstock benzene prices also have decreased.
- FOB Korea and CFR China prices of Benzene were evaluated at USD 860/mt and USD 860mt respectively.
$1 = Rs. 65.16
Import Custom Ex. Rate USD/ INR: 66.10
Export Custom Ex. Rate USD/ INR: 64.40
