Phenol Weekly Report 30 Nov 2018

Weekly Price Trend: 26-11-2018 to 30-11-2018

•  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 sharply and at the end of the week prices were assessed at the level of Rs. 101/Kg for bulk quantity. Prices reduced by Rs.12/Kg for this week .

Booking Scenario

INDIA & INTERNATIONAL

•  This week domestic phenol market prices were assessed around Rs.101/Kg for bulk quantity. Prices have decreased sharply.
•  CFR India prices for this week were assessed in the range of USD 1350-1370/MTS, prices have decreased by USD 65/MT 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.101/Kg in domestic market.
• The steep fall in the crude values in international market has let to strong decline in the Benzene and Phenol prices
•  Benzene FOB Korea prices declined by more than USD 25/MT in this week. On other side CFR China prices reduced by USD 30/MTS and were assessed at the rate of 655/MT.
• Decline in crude values has affected petrochemical market heavily. Before Iran sanctions the market was on great high with fear of decline in crude supply. Crude supply from Saudi was also reduced internationally to built up the crude values. As a result most of the crude from Iran was dumped into the China market.

 $1 = Rs. 69.65

 Import Custom Ex. Rate USD/ INR: 72.95

 Export Custom Ex. Rate USD/ INR: 71.25