Styrene Monomer Weekly Report 28 July 2018

Weekly Price Trend: 23-07-2018 to 27-07-2018

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 increased 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 103/kg for Mumbai ports of India.

Booking Price

INDIA& INTERNATIONAL

• The domestic prices of Styrene were assessed at the level of Rs.102/Kg for ex Kandla and Rs 103/kg Mumbai ports.
• CIF India prices were assessed at the level of USD 1375/MT.
• This week Styrene Monomer prices have escalated on account of increase in energy values and feedstock benzene prices.
• As per market players this week demand sentiments from end users increased despite seasonal lull.
• Japan's Taiyo shut its SM plant for maintenance.
• On Thursday, closing crude values have increased. WTI on NYME closed at $69.61/bbl; prices have increased by $0.31/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.61/bbl in compare to last closing price and was assessed around $74.54/bbl.
• 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. 68.65
 Import Custom Ex. Rate USD/ INR: 69.70

 Export Custom Ex. Rate USD/ INR: 68.00