Styrene Monomer Weekly Report 14 July 2018

Weekly Price Trend: 09-07-2018 to 13-07-2018

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.103/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.103/Kg for ex Kandla and Rs 104/kg Mumbai ports.
• CIF India prices were assessed at the level of USD 1370/MT.
• Asia styrene monomer prices remain soft on tight supply situation.
• Presently in China the price drop due to bearish buying trends coupled with improved product availability in the region.
• This week crude oil prices have followed mixed trend. On Thursday  oil prices steadied, after the International Energy Agency's warned that the world's oil supply cushion "might be stretched to the limit" due to production losses in several different countries.
• Brent prices rallied on Thursday, recouping some ground following sharp losses the previous session after Libya said it would resume oil exports. Brent crude oil gained 59 cents a barrel to trade at $74/bbl. On Wednesday, the global benchmark slumped $5.46, its biggest one-day fall in two years.   
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $70.33/bbl; prices have decreased by $0.05/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $1.05/bbl in compare to last closing price and was assessed around $74.45/bbl.
• This week benzene prices have remained firm.
• East China benzene prices increases on rising list price and robust demand.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 830/mt and USD 835/mt respectively.

 $1 = Rs. 68.52
 Import Custom Ex. Rate USD/ INR: 69.70

 Export Custom Ex. Rate USD/ INR: 68.00