Phenol Weekly Report 30 June 2018

Weekly Price Trend: 25-06-2018 to 29-06-2018

• 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 increased and at the end of the week prices were assessed at the level of Rs. 111/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.111/Kg for bulk quantity. Prices have increased.
• CFR India prices for this week were assessed in the range of USD 1390-1410/MTS, prices have decreased 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.
• In domestic market Phenol prices have increased on little increase in demand from industry users.
• This week crude oil prices have escalated. On Thursday oil prices climbed, with U.S. crude hitting a three-and-a-half year high, bolstered by supply concerns due to U.S. sanctions that could cause a large drop in crude exports from Iran.
• On Thursday, closing crude values have increased. WTI on NYME closed at $73.45/bbl; prices have increased by $0.69/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compare to last closing price and was assessed around $77.85/bbl.
• This week crude oil prices have escalated. On Thursday oil prices climbed, with U.S. crude hitting a three-and-a-half year high, bolstered by supply concerns due to U.S. sanctions that could cause a large drop in crude exports from Iran.
• On Thursday, closing crude values have increased. WTI on NYME closed at $73.45/bbl; prices have increased by $0.69/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compare to last closing price and was assessed around $77.85/bbl.
• Japan’s JXTG Nippon Oil settles July benzene ACP at $820/tonne.
• This week East China benzene inventories plunged.
• This week benzene prices have remained firm.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 815/mt and USD 815/mt respectively.

 $1 = Rs. 68.47
 Import Custom Ex. Rate USD/ INR: 69.10
 Export Custom Ex. Rate USD/ INR: 67.40