Vinyl Acetate Monomer Weekly Report 07 April 2018

Weekly Price Trend: 02-04-2018 to 06-04-2018

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• There has been rise in domestic values for VAM. The local demand has compelled the prices to go on high range.
• By end of the week prices were assessed around Rs.83/Kg for Kandla port and Rs.85/Kg Mumbai port.

Booking Scenario

The above chart shows the international prices for Vinyl Acetate Monomer. International prices of VAM increased heavily again for this week.
VAM with zero duty was available at USD 1200/MT in for traders.
INDIA & INTERNATIONAL

• VAM prices were assessed at the level of Rs.83/Kg at Kandla and Rs.85/Kg for Mumbai port bulk quantity. There has been significant hike in domestic market.
• On other side prices increased heavily for this week as well. Prices were assessed in the range of USD 1240-1250/MTS, with an increase of USD 150/MTS in compare to last week’s closing values.
• Acetic acid prices also remained firm in international market. This week oil prices have followed volatile inclination. Oil prices edged higher in choppy trade on Thursday, supported by a pickup in equity markets but pressured by expectations that crude supply will exceed demand later this year.
• This week crude oil prices have remained volatile. On Thursday oil prices increased from gains in U.S. equities markets as trade tensions between China and the United States eased, but the advance was limited by strength in the dollar.
• On Thursday, closing crude values have increased. WTI on NYME closed at $63.54/bbl; prices have decreased by $0.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.31/bbl in compared to last trading and was assessed around $68.33/bbl.
• As per report, U.S. crude production hit a new high, but that was not enough to change the overall bullishness. OPEC and its allies are collectively curbing 1.8 million barrels per day of crude output to help eliminate a global oil glut. The cuts run until the end of 2018 but Saudi Arabia has said they could be extended in some form into 2019.

$1 = Rs. 64.96
Import Custom Ex. Rate USD/ INR: 65.90
Export Custom Ex. Rate USD/ INR: 64.20