Phenol Weekly Report 25 August 2018

Weekly Price Trend: 20-08-2018 to 24-08-2018

• 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 decreased and at the end of the week prices were assessed at the level of Rs. 109/Kg for bulk quantity.

Total import at various ports of India July, 2018

Above graph represents the total imported Quantity of Phenol for the month of July, 2018. Last month total imports were around 27151MT. In the month of July at Kandla port imports were higher while at Kolkata port lesser quantity has been imported.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.109/Kg for bulk quantity. Prices have decreased little.
• CFR India prices for this week were assessed in the range of USD 1330-1350/MTS, prices have increased in compared to last assessed values.
• This week domestic Phenol prices have plunged little while International prices have increased in compare to previous week.
• China's Sinopec Mitsui delays shutdown of its phenol/acetone plant.
• Formosa Plastics restarts its phenol/acetone plant based at China.
• This week oil prices have followed volatile trend. On Thursday oil prices plunged as an swelling trade dispute between the United States and China balanced news of a decline in U.S. commercial crude inventories.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $67.83/bbl. Prices have decreased by $0.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.05/bbl in compare to last closing price and was assessed around $74.73/bbl.
• Sinopec Jingmen to halt benzene ops for turnaround.
• East China benzene inventories drop to 161,000 tonnes
• This week benzene prices have decreased.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 880/mt and USD 890/mt respectively.

$1 = Rs. 69.91
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40