Vinyl Acetate Monomer Weekly Report 24 Feb 2018

 Weekly Price Trend: 19-02-2018 to 23-02-2018

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• There has been consistent rise in domestic values for VAM. By end of the week prices were assessed around Rs.75/Kg for Kandla port and Rs 76/Kg for Mumbai port.

Total import at various ports in the month of January 2018

The above chart depicts the import of VAM at various ports of India in the month of January 2018.

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 Rs 76/Kg for Mumbai port for bulk quantity.
• This week prices remained firm with hike in international market as well. Prices were assessed in the range of USD 1080-2000/MTS, with an increase of USD 20/MTS in compare to last week’s closing values.
• Acetic acid prices also remained firm in international market.
• China market remained closed due to Lunar holidays. The activities will resume only after this week.
• This week oil prices have followed mixed trend. Oil prices rose on Thursday, on U.S. crude stocks unexpectedly declined and also by a drop in the dollar.
• On Thursday, closing crude values have increased. WTI on NYME closed at $62.77/bbl; prices have increased by $1.09/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.97/bbl in compared to last trading and was assessed around $66.39/bbl.
• Crude inventories had been forecast to rise 1.8 million barrels, as stocks seasonally increase when refineries cut intake to conduct maintenance. As per source, the unexpected fall in oil inventories in the U.S. should see support for crude oil prices remain strong.

$1 = Rs. 64.73
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.85