Styrene Monomer Weekly Report 21 July 2018

Weekly Price Trend: 16-07-2018 to 20-07-2018

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 remained firm 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 102/kg for Mumbai ports of India.

Total import at various ports of India June, 2018

Above graph represents the total imported quantity of Styrene Monomer for the month of June 2018. As per graph last month total imports was around 105963MT. Last month at Vizac port imports were higher while at Ennore port imports were lesser.

Booking Price

INDIA& INTERNATIONAL

• The domestic prices of Styrene were assessed at the level of Rs.102/Kg for ex Kandla and Rs 102/kg Mumbai ports.
• CIF India prices were assessed at the level of USD 1350/MT.
• Asia styrene monomer prices remain soft on bearish demand and soft feedstock prices.
• This week oil prices have followed mixed trend. On Thursday, Brent crude fell as concerns about mounting supply returned after a brief rally on comments that Saudi Arabia's exports would fall in August. Crude also strengthened on forecasts that inventories at the U.S. oil delivery hub for WTI in Cushing, Oklahoma fell 1.8 million barrels, or 6.2 percent.
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $69.46/bbl; prices have increased by $0.70/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.32/bbl in compare to last closing price and was assessed around $72.58/bbl.
• As per report, Saudi Arabia expects its crude exports to drop by roughly 100,000 bpd in August as the kingdom limits excess production.
• As per report, Saudi Arabia's crude oil exports in July would be roughly equal to June levels. Despite international oil markets being well balanced in the third quarter, there would still be substantial stock draws due to robust demand.
• This week benzene prices have increased.
• Eastern China Benzene inventories drop by 3.90% week on week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 830/mt and USD 840/mt respectively.

 $1 = Rs. 68.87
 Import Custom Ex. Rate USD/ INR: 69.70

 Export Custom Ex. Rate USD/ INR: 68.00