Vinyl Acetate Monomer Weekly Report 16 Sep 2017

Weekly Price Trend: 11-09-2017 to 15-09-2017

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• VAM prices remained unchanged for this week.
• By end of the week prices were assessed around Rs.71/Kg for Kandla port and Rs.72/Kg for Mumbai port.

Booking Scenario

The above chart shows the international prices for Vinyl Acetate Monomer. International prices of VAM increased heavily for this week in compare to last Friday’s assessed level.
INDIA & INTERNATIONAL

• VAM prices were assessed at the level of Rs.71/Kg at Kandla and Rs.72/Kg for Mumbai port for bulk quantity.
• On other side, CFR India values increased heavily on back of shut down of major VAM plants in US. The impact has been quite firm. Prices were assessed in the range of USD 1150-1170/MTS, with an increase of USD 190/MTS in compare to last week’s closing values.
• This week there has been significant hike in crude values. Prices has reached too its highest level since April in this year. Crude values rose above $ 50/barrel for the first time. Both the contracts have increased by more than 19% since /June.
• Many fundamental factors are helping to support oil prices at this moment.
• Short supply, stronger demand along with ongoing restrictions from OPEC and Russia are few major reasons for the surge in oil prices.

• This week has been highly positive for crude values in international market. On Thursday closing, crude values gained in the international market.WTI on NYME closed at $49.89/bbl, prices improved by 0.59 in compared to last closing prices. While, Brent on Inter Continental Exchange was assessed at the rate of $55.47/bbl increased by 0.31/bbl on Wednesday.

$1 = Rs. 64.07
Import Custom Ex. Rate USD/ INR: 64.90
Export Custom Ex. Rate USD/ INR: 63.25