Vinyl Acetate Monomer Weekly Report 15 July 2017

Weekly Price Trend: 10-07-2017 to 14-07-2017

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• VAM prices have reduced significantly this week. Like other petrochemicals there has been heavy decline in domestic values for VAM throughout this week.
• By end of the week prices were assessed around Rs.64/Kg for Kandla port and Rs.66/Kg for Mumbai port.

Booking Scenario

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

INDIA & INTERNATIONAL

• VAM prices were assessed at the level of Rs.64/Kg at Kandla and Rs.66/Kg for Mumbai port for bulk quantity.
• On other side, CFR India values reduced heavily for this week. Prices were assessed in the range of USD 810-830/MTS, reduced by USD 15/MTS in compare to last week’s closing values.

• This week Crude oil prices followed up an positive trend as Saudi Arabia is going to cut exports of crude oil to the United States, but this is going to be a short-term effect on the market as the United States becomes much more energy independent.
• On Thursday, closing crude values have increased.WTI on NYME closed at $46.08/bbl, prices have increased by $0.59/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.68/bbl in compared to last trading and was assessed around $48.42/bbl.
• As per market source, the oil market could stay oversupplied for longer than expected due to rising production and limited output cuts by some OPEC exporters. Rising consumption in Germany and the United States was helping boost oil demand. OPEC said its production rose by 393,000 barrels per day in June to 32.611 million bpd.

$1 = Rs. 64.45
Import Custom Ex. Rate USD/ INR: 65.65
Export Custom Ex. Rate USD/ INR: 63.95