Vinyl Acetate Monomer Weekly Report 25 Feb 2017

Weekly Price Trend: 20-02-2017 to 24-02-2017

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• VAM prices improved for this week. In compare to last week’s closing values there has been heavy rise in domestic prices. By end of the week prices were assessed around Rs.55/Kg for Kandla port and Rs.57/Kg for Mumbai port.

Import at various ports of India in the month of January 2017

The above chart shows the total import of VAM at various ports in the month of January 2017.

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.55/Kg at Kandla and Rs.57/Kg for Mumbai ports, with an significant rise in domestic prices.
• CFR India values were assessed in the range of USD 740-760/MTS, with no change in compare to last week’s closing values.
• Crude prices continue to oscillate in a shifting range as traders considered the conflicting influence of weakening of US dollar. There has been constant high supply in last few weeks along with rising levels in the US crude inventory levels.
• On Thursday closing, there has been rise in crude values.WTI values increased by USD 0.25/bbl and was assessed around $53.36. On other side there was slight decline in Brent values was observed. Brent crude prices reduced by $0.10/bbl and were assessed around $55.65/bbl.

$1 = Rs. 66.83
Import Custom Ex. Rate USD/ INR: 67.85
Export Custom Ex. Rate USD/ INR: 66.15