Phenol Weekly Report 18 June 2018

Weekly Price Trend: 13-08-2018 to 17-08-2018

• 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 prices were assessed at the level of Rs. 110/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.110/Kg for bulk quantity. Prices have increased.
• CFR India prices for this week were assessed in the range of USD 1300-1320/MTS, prices have decreased in compared to last assessed values.
• This week domestic Phenol prices have escalated while International prices have plunged in compare to previous week.
• Feedstock benzene prices have increased on increase demand from Phenol and other downstream products.
• Some market players have said that presently demand has been escalating from downstream sectors in near term prices will go up it is anticipated.
• China's FCFC Ningbo shuts its phenol/acetone plant.
• This week crude oil prices have followed volatile trend. On Friday Crude prices edged higher, but were heading for yet another weekly decline on worries that oversupply would weigh on the U.S. market and that trade disputes and slowing global economic growth would slow demand for oil.
• On Friday, closing crude values have increased. WTI on NYME closed at $65.91/bbl. Prices have increased by $0.45/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.40/bbl in compare to last closing price and was assessed around $71.43/bbl.
• As per analysts, despite the bearish factors, prices were prevented from falling further because of U.S. sanctions against Iran, which target the financial sector from August and will include petroleum exports from November.
• This week benzene prices have increased.
• US spot benzene prices rise on healthy demand.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 885/mt and USD 895/mt respectively.

 $1 = Rs. 70.15
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40