Vinyl Acetate Monomer Weekly Report 10 March 2018

Weekly Price Trend: 19-02-2018 to 23-02-2018

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• There has been stability in domestic values for VAM. By end of the week prices were assessed around Rs.75/Kg for Kandla port and Rs 76/Kg for Mumbai port.

Booking Scenario

The above chart shows the international prices for Vinyl Acetate Monomer. International prices of VAM remained stable for this week in compare to last Friday’s assessed level.

 INDIA & INTERNATIONAL

• VAM prices were assessed at the level of Rs.75/Kg at Kandla and Rs 76/Kg for Mumbai port for bulk quantity.
• This week prices remained firm with slowdown in international market. Prices were assessed in the range of USD 1050-1070/MTS, reduced by USD 30/MTS in compare to last week’s closing values.
• Acetic acid prices also remained firm in international market.
• This week oil prices have remained volatile. On Thursday oil prices fell headed for a second straight weekly drop on a stronger dollar, signs of an inventory build at the U.S. storage hub in Cushing, Oklahoma, surging U.S. crude production and investor jitters about a potential trade war.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $60.12/bbl; prices have decreased by $1.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.73/bbl in compared to last trading and was assessed around $63.61/bbl.
• On Friday, crude oil futures rose as Asian stock markets gained on North Korean leader Kim Jong Un will meet with U.S. President Donald Trump.
• As per report, U.S. crude output is expected to surge beyond 11 million bpd by late 2018, limiting the effectiveness of output cuts by the Organization of the Petroleum Exporting Countries, Russia and other producers.

$1 = Rs. 65.16
Import Custom Ex. Rate USD/ INR: 66.10
Export Custom Ex. Rate USD/ INR: 64.40