Styrene Monomer Weekly Report 25 October 2019

Weekly Price Trend: 21-11-2019 to 25-10-2019

• 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 has reduced slightly for this week.
• On Friday domestic values were assessed around Rs.70/Kg for bulk quantity at Kandla and Rs.72/kg for Mumbai ports of India reduced by Rs.1/Kg by end of the week.

Booking Price

INDIA& INTERNATIONAL 

• The domestic prices of Styrene were assessed at the level of Rs.70/Kg for Kandla and Rs. 72/kg Mumbai ports. Domestic prices reduced by end of the week.
• On other side, FOB Korea values for Styrene were assessed around USD 880-900/MT, slightly improved by USD 5/MTS for this week. CFR China prices also improved for this week and were assessed at the level of USD 920-940/MT. South East Asia prices of SM were evaluated at USD 920/MT.
• Benzene the major source for aromatic products declined for this week. FOB Korea values for Benzene were assessed around USD 640/MT for this week, while CFR China prices were assessed at the level of USD 665/MT for this week.
• Indian markets are operating on reduced rate as country is festive mood. This weekend there will be diwali celebrations across the nation with long extended vacations.
• Oil futures finished higher Thursday, as the U.S. and Turkey reached a cease-fire pact in Syria, temporarily easing Middle East tensions, and a tentative Brexit deal fuelled appetite for assets perceived as risky.
• On Thursday, closing crude values have increased. WTI on NYME closed at $56.23/bbl. Prices have increased by 0.26/bbl in compared to last closing prices. While Brent on Inter Continental Exchange is increased by 0.50/bbl in compare to last closing price and was assessed around $61.67/bbl.

$1 = Rs. 70.98

Import Custom Ex. Rate USD/ INR: 72.30

Export Custom Ex. Rate USD/ INR: 70.60