Phenol Weekly Report 28 July 2018

Weekly Price Trend: 23-07-2018 to 27-07-2018

• 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 remained firm and at the end of the week prices were assessed at the level of Rs. 102/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.102/Kg for bulk quantity. Prices have plunged.
• CFR India prices for this week were assessed in the range of USD 1270-1290/MTS, prices have plunged 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.
• US July PC prices down on mixed feedstocks.
• As per report, China's Huizhou Zhongxin plans to to shut its phenol/acetone unit.
• On Thursday, closing crude values have increased. WTI on NYME closed at $69.61/bbl; prices have increased by $0.31/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.61/bbl in compare to last closing price and was assessed around $74.54/bbl.
• This week benzene prices have increased.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 845/mt and USD 850/mt respectively.

 $1 = Rs. 68.65
 Import Custom Ex. Rate USD/ INR: 69.60
 Export Custom Ex. Rate USD/ INR: 67.90