Phthalic Anhydride Weekly Report 13 Jan 2018

Weekly Price Trend: 12-01-2018 to 12-01-2017

• The above given graph focuses on the Phthalic Anhydride price trend for current week.
• There has been significant fall in domestic prices for this week. Prices were assessed around Rs.70/Kg for Ahmedabad and Rs 68/Kg for Mumbai port.

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 73/Kg for Ahmedabad and Rs 71/Kg for Mumbai port. This week there has hike in domestic values. CFR India Phthalic Anhydride prices were assessed at the level of USD 1040-1060/MT.
• This week crude oil prices have followed up velocity. On Thursday Brent crude oil hit a more than three-year high breaking through the psychologically important $70 a barrel level for the first time since December 2014.
• On Thursday, closing crude values have increased. WTI on NYME closed at $63.80/bbl; prices have increased by $0.23/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.06/bbl in compared to last trading and was assessed around $69.26/bbl.
• Oil prices have been supported by stronger-than-expected demand fueled by worldwide economic growth, ongoing output limits by OPEC and Russia and a series of global events that have stoked geopolitical tension.
• Market analysts say it will be hard for oil prices to tack on gains from these levels. Robust global demand, OPEC output cuts and a series of geopolitical tensions have accelerated a rally that began in June.

$1 = Rs. 63.61
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.80