Vinyl Acetate Monomer Weekly Report 18 Nov 2017

Weekly Price Trend: 13-11-2017 to 17-11-2017

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• There has been slight hike in domestic values for VAM. Decline in the values has been due to regain in the supply of chemical in domestic market.
• By end of the week prices were assessed around Rs.71/Kg for Kandla port and Rs.73/Kg for Mumbai port.

Booking Scenario

The above chart shows the international prices for Vinyl Acetate Monomer. International prices of VAM increased slightly 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.73/Kg for Mumbai port for bulk quantity.
• On other side, CFR India values remained unchanged for this week. Prices were assessed in the range of USD 1070-1090/MTS, with no change in compare to last week’s closing values.
• On other side there has been hike in Acetic Acid market. Prices were assessed in the range of USD 580-600/MTS. There has been tight supply of Acetic Acid in China market. The market scenario continues to remain tight and firm with constant rise in Acetic Acid values.
• Market trends remained stable to positive for this week. Market will see an upsurge in next few weeks as political tension Saudi Arabia has been clinching the petrochemical market all over the world.
• There has been continuous hike in exchange rates for India as well. This in turn tightens the market conditions for importers.

$1 = Rs. 67.63
Import Custom Ex. Rate USD/ INR: 66.20
Export Custom Ex. Rate USD/ INR: 64.50