Phenol Weekly Report 28 Dec 2018
Weekly Price Trend: 24-12-2018 to 28-12-2018
- 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 prices declined further in market prices have decreased sharply and at the end of the week prices were assessed at the level of Rs. 83/Kg for bulk quantity.
Booking Scenario
INDIA & INTERNATIONAL
- This week domestic phenol market prices were assessed around Rs.83/Kg for bulk quantity. Prices have decreased sharply.
- CFR India prices for this week were assessed in the range of USD 1270-1290/MTS, with no change in compared to last assessed values.
- In the month of October prices were assessed in the range Rs150/Kg which has now declined to the level of Ra.82/Kg in domestic market.
- The steep fall in the crude values in international market has let for strong decline in the Benzene and Phenol prices.
- Benzene FOB Korea prices declined by USD 15/MT in this week. FOB Korea values were assessed around USD515/MT. On other side CFR China prices were assessed around USD 535/MT for this week. This strong decline in Benzene values has paved way for decline in other related products.
- The upcoming holiday season in China has weaken the demand further as most of the Acetate units opts for shutdown during this period.
- On Thursday, closing crude values have decreased. WTI on NYME closed at $44.61/bbl. Prices have decreased by $1.61/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $2.31/bbl in compare to last closing price and was assessed around $52.16/bbl.
- Cepsa chemical has restarted its Phenol/Acetone unit after a very short maintenance schedule. Earlier the units was shut down in the starting of December for a very short duration and resume its production by end of the week. Unit is based at Shanghai in China and has the production capacity of Phenol around 2,50,000 tonnes/year and Acetone around 1,50,000 tonnes/year.
$1 = Rs. 69.94
Import Custom Ex. Rate USD/ INR: 71.45
Export Custom Ex. Rate USD/ INR: 69.75
