Phthalic Anhydride Weekly Report 11 Nov 2017

Weekly Price Trend: 06-11-2017 to 10-11-2017

• The above given graph focuses on the Phthalic Anhydride price trend for current week.
• There has been increase in domestic prices for this week. Prices were assessed around Rs.77/Kg for Ahmedabad and Rs 75/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 77/Kg for Ahmedabad and Rs 75/Kg for Mumbai port. This week there has been hike in domestic values. CFR India Phthalic Anhydride prices were assessed at the level of USD 1040-1060/MT.
• Last week on Thursday, closing crude values have increased. WTI on NYME closed at $57.17/bbl; prices have increased by $0.36/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.44/bbl in compared to last trading and was assessed around $63.93/bbl.
• Market trends remained stable to positive for this week. Market will see an upsurge in next few weeks as political tension in Saudi Arabia has been disturbing the petrochemical market all over the world.

$1 = Rs. 67.63
Import Custom Ex. Rate USD/ INR: 65.40-
Export Custom Ex. Rate USD/ INR: 64.70