Phenol Weekly Report 14 July 2018
Weekly Price Trend: 09-07-2018 to 13-07-2018
- 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 and at the end of the week prices were assessed at the level of Rs. 108/Kg for bulk quantity.
Booking Scenario
INDIA & INTERNATIONAL
- This week domestic phenol market prices were assessed around Rs.108/Kg for bulk quantity. Prices have plunged.
- CFR India prices for this week were assessed in the range of USD 1340-1360/MTS, prices have remained firm in compared to last assessed values.
- This week Phenol market is moving with soft-to-stable velocity no major deals and discussion has been heard.
- China's Bluestar Harbin plans to shut its phenol/acetone plant it is placed at Harbin, Heilongjiang.
- Japan’s Mitsubishi Chem restarts phenol plant.
- This week benzene prices have remained firm.
- East China benzene prices increases on rising list price and robust demand.
- FOB Korea and CFR China prices of Benzene were evaluated at USD 830/mt and USD 835/mt respectively.
- This week crude oil prices have followed mixed trend. On Thursday oil prices steadied, after the International Energy Agency's warned that the world's oil supply cushion "might be stretched to the limit" due to production losses in several different countries.
- Brent prices rallied on Thursday, recouping some ground following sharp losses the previous session after Libya said it would resume oil exports. Brent crude oil gained 59 cents a barrel to trade at $74/bbl. On Wednesday, the global benchmark slumped $5.46, its biggest one-day fall in two years.
- On Thursday, closing crude values have remained mixed. WTI on NYME closed at $70.33/bbl; prices have decreased by $0.05/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $1.05/bbl in compare to last closing price and was assessed around $74.45/bbl.
$1 = Rs. 68.52
Import Custom Ex. Rate USD/ INR: 69.70
Export Custom Ex. Rate USD/ INR: 68.00
