Styrene Monomer Weekly Report 04 August 2018

Weekly Price Trend: 30-07-2018 to 03-08-2018

If we take a quick look at the above given weekly prices, it can be observed that for the current week prices of Styrene Monomer have increased at Kandla and Mumbai ports and at the end of the week prices were assessed Rs.102/Kg for bulk quantity at Kandla and Rs 104/kg for Mumbai ports of India.

Booking Price

INDIA& INTERNATIONAL

• The domestic prices of Styrene were assessed at the level of Rs.102/Kg for ex Kandla and Rs 104/kg Mumbai ports.
• This week International SM prices have increased on improved demand sentiments.
• This week SM prices increased due to constrained product availability in China market.
• CIF India prices were assessed at the level of USD 1390/MT.
• PetroChina Jinxi Petchem restarts SM plant.
• This week oil prices have followed mixed trend. On Thursday oil prices traded slightly higher, reversing course after a report that crude stockpiles at the U.S. storage hub at Cushing, Oklahoma fell in the latest week.U.S. stockpiles have been in the spotlight because they rose unexpectedly last week, stoking fears that the market is becoming oversupplied.
• On Thursday, closing crude values have increased. WTI on NYME closed at $68.96/bbl. Prices have increased by $1.30/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $1.06/bbl in compare to last closing price and was assessed around $73.45/bbl.
• This week benzene prices have increased.
• East China benzene inventories drop to 201,100 tonnes.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 870/mt and USD 875/mt respectively.

 $1 = Rs. 68.60
 Import Custom Ex. Rate USD/ INR: 69.25

 Export Custom Ex. Rate USD/ INR: 67.55