Vinyl Acetate Monomer Weekly Report 10 Aug 2018

Weekly Price Trend: 06-08-2018 to 10-08-2018

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• Prices have improved significantly in domestic market on back of improved supply coupled with significant hike in the prices of Acetic Acid.
• By end of the week prices were assessed around Rs.93/Kg for Mumbai port and for Kandla 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 1220/MT in for traders.

INDIA & INTERNATIONAL

• VAM prices were assessed at the level of Rs.93/Kg at Kandla and for Mumbai port bulk quantity.
• There has been significant hike in Acetic Acid values in international market. This in turn has led to upward trens in the prices for VAM. CFR India values were assessed around USD 1220/MT for this week.
• This week oil prices have followed volatile trend. On Thursday Crude prices held near lower levels set in the previous session, as the escalating China-U.S. trade dispute cast doubt on the outlook for oil demand.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $66.81/bbl. Prices have decreased by $0.13/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.21/bbl in compare to last closing price and was assessed around $72.07/bbl. Both benchmarks tumbled more than 3 percent after U.S. data showed a smaller-than-expected weekly draw in crude inventories and a surprise build of 2.9 million barrels in gasoline supplies.
• As per report, despite the possibility of a slowdown in economic growth due to escalating trade tensions, oil markets are for now relatively tight, because of sanctions on Iranian oil exports the United States plans to implement in November. Beyond Iran sanctions, the escalating trade dispute between Washington and Beijing was weighing on global markets.

$1 = Rs. 68.87
Import Custom Ex. Rate USD/ INR: 69.25
Export Custom Ex. Rate USD/ INR: 67.55