Vinyl Acetate Monomer Weekly Report 25 August 2018

                Weekly Price Trend: 20-08-2018 to 24-08-2018

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• Prices have improved significantly in domestic market on back of improved supply coupled with significant hike in the prices of Acetic Acid.
• By end of the week prices were assessed around Rs.93/Kg for Mumbai port and for Kandla port.

Total VAM import in the month of July 2018

The above chart depicts the import of VAM in the month of July 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 1220/MT in for traders.

INDIA & INTERNATIONAL

• VAM prices were assessed at the level of Rs.92/Kg at Kandla and Rs.93/Kg for Mumbai port bulk quantity.
• There has been significant hike in Acetic Acid values in international market. This in turn has led to upward trend in the prices for VAM. CFR India values were assessed around USD 1180/MT for this week.
• This week oil prices have followed volatile trend. On Thursday oil prices plunged as an swelling trade dispute between the United States and China balanced news of a decline in U.S. commercial crude inventories.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $67.83/bbl. Prices have decreased by $0.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.05/bbl in compare to last closing price and was assessed around $74.73/bbl.
• Oil demand is closely linked to economic activity and the trade dispute has already led analysts to trim their forecasts for future energy consumption. But while the outlook for oil demand growth may be moderating, some markets are tight. As per report, this week's report was bullish for crude. Crude stocks drew due to sharply lower crude imports and near-record refinery crude runs.

$1 = Rs. 69.91
Import Custom Ex. Rate USD/ INR: 71.10
Export Custom Ex. Rate USD/ INR: 69.40