Phenol Weekly Report 23 Sep 2017

Weekly Price Trend: 18-09-2017 to 22-09-2017

• 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 fluctuated and at the end of the week were assessed at the level of Rs. 74/Kg for bulk quantity.

Total import at various ports of India August, 2017

Above chart represents the total imported quantity of Phenol for the month of August, 2017.
Last month total imports were around 22762mt. As per chart at Kandla port imports were higher while at Kolkata port import was lesser.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.74/Kg for bulk quantity. Prices have increased.
• CFR India prices for this week were assessed in the range of USD 1010-1030/MTS, prices have increased in compared to last assessed values.
• As per report, China phenol import prices increased deal done at $1,050/mt.
• South Korea’s Kumho P&B delays restart at phenol units.
• Presently Phenol market is moving with up velocity. From end user demand has been improving.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 795/mt and USD 805/mt respectively.
• This week oil prices have followed mixed trend. Oil prices were steady on Thursday ahead of a meeting of oil producers that could extend production limits aimed at clearing a glut that has depressed the market for more than three years. As per report, Ministers from the OPEC, Russia and other producers meet in Vienna on Friday and are due to consider extending output cuts that began in January.
• On Thursday, closing crude values have mixed.WTI on NYME closed at $50.55/bbl, prices have decreased by $0.14/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.14/bbl in compared to last trading and was assessed around $56.43/bbl. Presently many analysts anticipate that OPEC to extend the deal, possibly to the end of next year.

$1 = Rs. 64.79
Import Custom Ex. Rate USD/ INR: 65.40
Export Custom Ex. Rate USD/ INR: 63.70