Phenol Weekly Report 26 May 2018

Weekly Price Trend: 21-05-2018 to 25-05-2018

• 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 plunged and at the end of the week prices were assessed at the level of Rs. 105/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.105/Kg for bulk quantity. Prices have plunged.
• CFR India prices for this week were assessed in the range of USD 1410-1430/MTS, prices have remained firm in compared to last assessed values.
• Sinopec Yanshan restarts its phenol/acetone plant.
• Sinopec cuts east China phenol offers.
• Presently Phenol prices have plunged as material is available and some plants also resumed their production after maintenance turnaround.
• This week benzene prices have decreased.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 860/mt and USD 865/mt respectively.
• This week oil prices have followed volatile trend. On Thursday, prices plunged, by the prospect of the first increase in OPEC output since 2016 in the face of concern over supply from both Venezuela and Iran, while a surprise rise in U.S. crude inventories raised doubt over seasonal demand.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $70.71/bbl; prices have decreased by $1.13/bbl in compared to last closing prices. While Brent on Inter
• Continental Exchange decreased by $1.01/bbl in compared to last trading and was assessed around $78.79/bbl.

 $1 = Rs. 67.75
 Import Custom Ex. Rate USD/ INR: 68.65
 Export Custom Ex. Rate USD/ INR: 66.95