Phthalic Anhydride Weekly Report 04 Nov 2017

Weekly Price Trend: 30-10-2017 to 03-11-2017

• The above given graph focuses on the Phthalic Anhydride price trend for current week.
• Like other chemicals domestic prices for PA remained unchanged in this week. Prices were assessed around Rs.76/Kg for Ahmedabad and Rs 74/Kg for Mumbai port. This week there has been hike in the domestic values.

Booking Scenario

Antidumping Duty Country-wise
Israel-USD 139.76/MT Taiwan-USD150.88/MT Korea-USD91.12/MT.
The above chart shows the international prices of Phthalic Anhydride and its comparison from the previous prices.

INDIA & INTERNATIONAL

• Domestic prices were assessed in the range of 76/Kg for Ahmedabad and Rs 74/Kg for Mumbai port. This week there has been no change in the domestic values. There has been weakening in demand in domestic sector due to festive season across the nation. With starting of Navratri festival in western part of India, the demand really gets duped. This upcoming festive season will continue to weaken the demand of the chemical.
• CFR India Phthalic Anhydride prices were assessed at the level of USD 1040-1060/MT.
• On Thursday, closing crude values have increased. WTI on NYME closed at $54.54/bbl; prices have increased by $0.24/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.13/bbl in compared to last trading and was assessed around $60.62/bbl.

$1 = Rs. 64.55
Import Custom Ex. Rate USD/ INR: 65.40
Export Custom Ex. Rate USD/ INR: 64.70