Phenol Weekly Report 31 March 2018

Weekly Price Trend: 26-03-2018 to 30-03-2018

• 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 little and at the end of the week prices were assessed at the level of Rs. 97/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.97/Kg for bulk quantity. Prices have decreased.
• CFR India prices for this week were assessed in the range of USD 1310-1330/MTS, prices have increased in compared to last assessed values.
• Presently Phenol market has remained soft-to-stable no major trade deals have heard from end users.
• This week crude oil prices have followed weak trend but on Thursday oil prices have escalated by 1 percent as the equities markets rallied and as market participants weighed a rise in U.S. crude inventories and production against continued OPEC supply curbs.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $64.94/bbl; prices have increased by $0.56/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.74/bbl in compared to last trading and was assessed around $70.27/bbl.
• This week feedstock benzene prices also have decreased in Asian market.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 825/mt and USD 825mt respectively.

 $1 = Rs. 65.17
 Import Custom Ex. Rate USD/ INR: 65.80
 Export Custom Ex. Rate USD/ INR: 64.15