Phenol Weekly Report 16 Dec 2017

Weekly Price Trend: 11-12-2017 to 15-12-2017

• 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 sharply and at the end of the week were assessed at the level of Rs. 109/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.109/Kg for bulk quantity. Prices have increased sharply.
• CFR India prices for this week were assessed in the range of USD 1390-1410/MTS, prices have increased in compared to last assessed values.
•  As per market players Phenol prices have increased on account of increase in demand from end users and limited material availability.
• US Dec phenol set for increase around 14-15% on higher benzene.
• China phenol import prices strengthen by deal concluded at $1,350/tone.
• India’s phenol import prices were bolstered by a deal.
• This week crude oil prices have followed mixed trend. On Thursday oil prices rose as a pipeline outage in Britain continued to support prices despite forecasts showing global crude surplus in the beginning of next year.
• On Thursday, closing crude values have increased. WTI on NYME closed at $57.04/bbl; prices have increased by $0.44/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.87/bbl in compared to last trading and was assessed around $63.31/bbl.
• Feedstock benzene prices have decreased in Asian market this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 900/mt and USD 915/mt respectively.

 $1 = Rs. 64.04
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 63.70