Styrene Monomer Weekly Report 21 April 2018

Weekly Price Trend: 16-04-2018 to 20-04-2018

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 escalated at Kandla port in compare to previous week and at the end of the week prices were assessed Rs.96/Kg for bulk quantity at Kandla and Rs 97/kg for Mumbai ports of India.

Booking Price

INDIA& INTERNATIONAL

• The domestic prices of Styrene were assessed at the level of Rs.96/Kg for ex Kandla and Rs 97/kg Mumbai ports.
• CIF India prices were assessed at the level of USD 1375/MT.
• This week SM prices have escalated on increase in energy value.
• The Asian styrene market is expected to remain on an uptrend especially for prompt loading cargoes.
• This week with the increase in feedstock and crude oil prices Styrene prices also escalated.
• Feedstock benzene prices have increased in Asian market this week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 840/mt and USD 840/mt respectively.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $68.29/bbl; prices have decreased by $0.18/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.30/bbl in compared to last trading and was assessed around $73.78/bbl.

 $1 = Rs. 66.03
 Import Custom Ex. Rate USD/ INR: 66.70
 Export Custom Ex. Rate USD/ INR: 65.00