Phenol Weekly Report 11 Nov 2017

Weekly Price Trend: 06-11-2017 to 10-11-2017

• 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 increased and at the end of the week were assessed at the level of Rs. 78/Kg for bulk quantity.

Total import at various ports of India September, 2017

Above graph represents the total imported quantity of phenol for the month of September, 2017. Last month total import was around 20960MT. As per chart last month at Kandla port imported quantity was higher while at Kolkata port import was lesser.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.78/Kg for bulk quantity. Prices have decreased.
• CFR India prices for this week were assessed in the range of USD 1100-1120/MTS, prices have increased in compared to last assessed values.
• Phenol prices higher in Asia this week. A surge in upstream benzene values and strong demand trends in china pushed prices sharply higher in the region.      
• CFR China prices of phenol were assessed at the USD 1045/mt levels, CFR South East Asia prices were assessed at the USD 1045/mt levels.
• On Thursday, closing crude values have increased. WTI on NYME closed at $57.17/bbl; prices have increased by $0.36/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.44/bbl in compared to last trading and was assessed around $63.93/bbl.

 $1 = Rs. 64.55
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 64.70