Styrene Monomer Weekly Report 25 Nov 2017

Weekly Price Trend: 20-11-2017 to 24-11-2017

• 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 in compare to previous week and at the end of the week prices were assessed Rs.86/Kg for bulk quantity at Kandla and Rs 87/kg for Mumbai ports of India.

Total import at various ports of India October, 2017

Above graph represents the total imported quantity of Styrene Monomer for the month of October 2017. Last month total imported quantity of Styrene Monomer was around 14904mt. At Kandla port imported quantity were higher while at Mangalore port imports were lesser.

Booking Price

INDIA& INTERNATIONAL

• The domestic prices of Styrene were assessed at the level of Rs.86/Kg for ex Kandla and Rs 87/kg Mumbai ports.
• CIF India prices were assessed at the level of USD 1350/MT.
• This week FOB Korea prices were assessed USD 1275/MTS prices have increased in compared to last week’s closing prices.
• Maintenance for SM plant has been announced by Grand Pacific Petrochemical Corp (GPPC). Grand Pacific Petrochemical Corp (GPPC) is likely to shut its styrene monomer (SM) plant for a maintenance turnaround. The unit is likely to go off-stream in mid-April 2018. The unit is expected to remain off-stream for around one month. Unit is based at Kaohsiung in Taiwan and has the manufacturing capacity of 2, 50,000 mt/year.
• SM demand sentiments have improved in Asian market on bullish demand sentiments.
•  On Thursday, closing crude values have increased. WTI on NYME closed at $58.45/bbl; prices have increased by $0.37/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 $63.38/bbl.

 $1 = Rs. 64.70
 Import Custom Ex. Rate USD/ INR: 66.20

 Export Custom Ex. Rate USD/ INR: 64.50