Vinyl Acetate Monomer Weekly Report 20 May 2017

Weekly Price Trend: 15-05-2017 to 19-05-2017

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• VAM prices followed a mixed trend throughout this week. In compare to other petrochemicals there has been slight decline in domestic values for VAM throughout this week.
• By end of the week prices were assessed around Rs.74/Kg for Kandla port and Rs.75/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.74/Kg at Kandla and Rs.75/Kg with slight decline in domestic prices.
• On other side, CFR India values reduced slightly for this week. Prices were assessed in the range of USD 950-970/MTS, with an decrease of USD 5/MTS in compare to last week’s closing values.

• This week overall crude oil prices plunged with little instability. Recent announcements by Russia and Saudi Arabia have helped oil prices to recover and several analysts have highlighted the energy sector as a potential play for investors.
• According to recent reports, Russia and Saudi Arabia has announced about the cut in supply of oil to be extended for another nine months i.e till arch 2018.are likely tp discuss this matter in their next meeting.
• Experts from tm the oil market believe that Russia and other major producers could help drive oil prices back to $60 per barrel or more with a new production deal, but again that would be a green signal for U.S. shale drillers. This drive even could bring the oil to range in $60 oil the end of the year, but the gains are not expected to spike much higher.

• On Thursday, closing crude values have increased.WTI on NYME closed at $49.35/bbl, prices have increased by $0.28/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.30/bbl in compared to last trading and was assessed around $52.51/bbl.

$1 = Rs. 64.64
Import Custom Ex. Rate USD/ INR: 65.30
Export Custom Ex. Rate USD/ INR: 63.60