Phenol Weekly Report 22 Sep 2018

Weekly Price Trend: 17-09-2018 to 21-09-2018

• 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 remained firm and at the end of the week prices were assessed at the level of Rs. 112/Kg for bulk quantity.

Total import at various ports of India August, 2018

Above graph represents the imported quantity of Phenol for the month of August. Last month total imports were around 30667MT.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.112/Kg for bulk quantity. Prices have increased little.
• CFR India prices for this week were assessed in the range of USD 1380-1400/MTS, prices have remained firm in compared to last assessed values.
• This week domestic and International prices of Phenol have remained firm.
• As per recent report, Presently Phenol market is moving with soft velocity no major deals and discussion has been heard.
• South East Asia and CFR China prices of Phenol were evaluates at USD 1295/mt and USD 1410/mt respectively.
• Domo Caproleuna declared acetone, phenol force majeure in Germany.
• Crude prices are making new heights. On Thursday prices slightly eased with US president urging OPEC to bring prices down. Experts believe that Brent will soon cross the mark of USD 80 after gap of four years. US President would least want the crude prices to go high with mid election in next few months.
• The Iranian sanctions are making hard for the Asian countries which are the consumers of Iranian crude. Many buyers have already cut Iranian purchases ahead of the new regulations. It is unclear whether producers such as Saudi Arabia, Iraq and Russia can compensate for lost supply.
• This week benzene prices have decreased.
• East China benzene inventories drop to 162,200 tonnes.
• As per report, Benzene prices will remain bearish due to an increase in supply for October and November.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 845/mt and USD 850/mt respectively.

$1 = Rs. 72.19
 Import Custom Ex. Rate USD/ INR: 73.65
 Export Custom Ex. Rate USD/ INR: 71.95