Phenol Weekly Report 16 Sep 2017

Weekly Price Trend: 11-09-2017 to 15-09-2017

• 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 decreased and at the end of the week were assessed at the level of Rs. 72/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.72/Kg for bulk quantity. Prices have decreased.
• CFR India prices for this week were assessed in the range of USD 1000-1020/MTS, prices have increased in compared to last assessed values.
• Presently with the increase in feedstock and oil prices Phenol prices also have increased.
• This week domestic phenol prices have plunged but demand sentiment have been improving in compare to material availability.
• As per report, China’s Sinopec to raise phenol prices.
• Shell in process of restarting US Deer Park facility.
• This week feedstock benzene prices have decreased.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 775/mt and USD 790/mt respectively.

$1 = Rs. 64.07
Import Custom Ex. Rate USD/ INR: 64.90
Export Custom Ex. Rate USD/ INR: 63.25