Styrene Monomer Weekly Report 28 Dec 2018
Weekly Price Trend: 24-12-2018 to 28-12-2018
- 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 vulnerable for most of the week with sudden rise in the values by end of the week.
- On Friday domestic values were assessed around Rs.79/Kg for bulk quantity at Kandla and Rs. 80/kg for Mumbai ports of India.
Booking Price
INDIA& INTERNATIONAL
- The domestic prices of Styrene were assessed at the level of Rs.79/Kg for Kandla and Rs 80/kg Mumbai ports.
- FOB Korea values for Styrene were assessed around USD 925/MT decreased by USD 40/MT in one week. On other side CFR china prices also decreased by USD 970/MT, again reduced by USD 40/MT for this week.
- South East Asia prices of SM were evaluated at USD 995/mt. In compare to other prices there has been decline in values for South East Asian market.
- Benzene FOB Korea prices declined by USD 15/MT in this week. FOB Korea values were assessed around USD 515/MT. On other side CFR China prices were assessed around USD 535/MT for this week.
- On Thursday, closing crude values have decreased. WTI on NYME closed at $44.61/bbl. Prices have decreased by $1.61/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $2.31/bbl in compare to last closing price and was assessed around $52.16/bbl.
PLANT NEWS
SM unit shut down by Changzhou Dohow Chemical
- Changzhou Dohow Chemical has shut down its SM unit for maintenance turnaround. Changzhou Dohow Chemical is a subsidiary of New Solar group. The unit was shut down last week for maintenance schedule. Unit is likely to remain off-stream for around one month and will resume its production in the second week of January 2019.
- Unit is based at Jiangsu province of China and has the production capacity of 2,00,000 mt/year.
$1 = Rs. 69.94
Import Custom Ex. Rate USD/ INR: 71.45
Export Custom Ex. Rate USD/ INR: 69.75
