Vinyl Acetate Monomer Weekly Report 23 Dec 2017

Weekly Price Trend: 18-12-2017 to 22-12-2017

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

Total import at various ports in the month of November 2017

The above chart depicts the import of VAM at various ports of India in the month of November 2017. There has been improvement in imports in compare to the month of October

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 for Mumbai port for bulk quantity.
• On other side, CFR India values remained stable for this week. Prices were assessed in the range of USD 1005-1025/MTS, with no change in compare to last week’s closing values.
• On other side there has been no change in values in Acetic Acid market. Prices were assessed in the range of USD 640-660/MTS.
• This week oil prices have followed mixed trend and closed on higher note. On Thursday, Oil prices higher, erasing earlier losses as Britain's Forties pipeline in the North Sea was expected to restart in early January after repairs over Christmas. Forties is the largest of the five North Sea crudes that underpin Brent, a benchmark for oil trading in Europe, the Middle East, Africa and Asia.
• On Thursday, closing crude values have increased. WTI on NYME closed at $58.36/bbl; prices have increased by $0.27/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.34/bbl in compared to last trading and was assessed around $64.90/bbl.
• As per market report, based on current estimates the company expects to bring the pipeline progressively back to normal rates early in the new year. Oil prices were also supported by falling crude inventories in the United States but capped by output that is fast approaching 10 million barrels per day.
• As me market predictors said that the first few months of 2018 to be either flat or a build in inventories, as it is typically the case with the seasonality in the oil market.

$1 = Rs. 64.04
Import Custom Ex. Rate USD/ INR: 64.90
Export Custom Ex. Rate USD/ INR: 63.20