Vinyl Acetate Monomer Weekly Report 23 June 2018

Weekly Price Trend: 18-06-2018 to 22-06-2018

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• Prices have reduced slightly in domestic market on back of improved supply coupled with slight stable in the prices of Acetic Acid.
• By end of the week prices were assessed around Rs.108/Kg for Kandla port and for Mumbai port.

Total import of VAM at various ports of India in May 2018

The above chart depicts the import of VAM in the month of April 2018

Booking Scenario

The above chart shows the international prices for Vinyl Acetate Monomer. International prices of VAM increased heavily again for this week. VAM with zero duty was available at USD 1350/MT in for traders.
INDIA & INTERNATIONAL

• VAM prices were assessed at the level of Rs.108/Kg at Kandla and Mumbai port bulk quantity.
• With improvement supply in of chemical, domestic prices has now become more stable and viable.
• There has been chaos in international prices as custom Indian exchange rate has also increased to significant level. Crisis in international market due to imposition of trade tariffs on China by US and even India has also imposed tariffs on imports of goods from US.
• This week crude oil prices have followed volatile trend. on Thursday Global benchmark Brent crude extended losses ahead of Friday's meeting of the OPEC, where producers are expected to boost output.
• On Thursday, closing crude values have plunged. WTI on NYME closed at $65.54/bbl; prices have decreased by $0.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $1.69/bbl in compare to last closing price and was assessed around $73.05/bbl.
• Today oil prices rose by more than 1 percent in early Asian trading, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day.
• Iran had been expected to oppose any rise in crude output, but it has now signalled it may support a small increase. As per report, presently oil market had now rebalanced and its aim was to prevent a shortage of crude in future that could squeeze the market.

$1 = Rs. 67.84
Import Custom Ex. Rate USD/ INR: 69.10
Export Custom Ex. Rate USD/ INR: 67.40