Phenol Weekly Report 23 June 2018
Weekly Price Trend: 18-06-2018 to 22-06-2018
- 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 decreased and at the end of the week prices were assessed at the level of Rs. 107/Kg for bulk quantity.
Total import at various ports of India May, 2018
Above graph represent the total imported quantity of Phenol for the month of May, 2018.
Last month total import was around 20921MT. As per chart last month at Kandla port imports was higher while at Nhava Sheva port import was lesser.
Booking Scenario
INDIA & INTERNATIONAL
- This week domestic phenol market prices were assessed around Rs.107/Kg for bulk quantity. Prices have decreased.
- CFR India prices for this week were assessed in the range of USD 1440-1460/MTS, prices have decreased 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.
- Sinopec cuts east China phenol offer by CNY300/tone.
- This week East China benzene inventories rise.
- Benzene inventories at shore tanks along eastern China fell.
- This week benzene prices have plunged.
- FOB Korea and CFR China prices of Benzene were evaluated at USD 800/mt and USD 815/mt respectively.
- This week crude oil prices have followed volatile trend. on Thursday Global benchmark Brent crude extended losses ahead of Friday's meeting of the OPEC, where producers are expected to boost output.
- On Thursday, closing crude values have plunged. WTI on NYME closed at $65.54/bbl; prices have decreased by $0.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $1.69/bbl in compare to last closing price and was assessed around $73.05/bbl.
- Today oil prices rose by more than 1 percent in early Asian trading, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day.
$1 = Rs. 67.84
Import Custom Ex. Rate USD/ INR: 69.10
Export Custom Ex. Rate USD/ INR: 67.40
