Weekly Acetic Acid Report 25th December 2020

Weekly Price Trend: 21-12-2020 to 25-12-2020

• There has been continuous variability in domestic prices in Acetic Acid market this week.
• By end of this week prices were assessed at the level of Rs.57-58/Kg, for both the ports.
• Prices are likely to remain firm as there has been firmness in Methanol market.

Booking Scenario

 INDIA & INTERNATIONAL

• Domestic prices of Acetic acid were assessed at the level of Rs.57-58/Kg for this week.
• After a dwindling week last week there was slight correction in domestic prices. The local demand for Acetic Acid has also settled down and prices are heading towards their original level in domestic market.
• CIF India prices were assessed in the range of USD 560-580/MT for this week. Prices has increased by USD 30/MT for this week.
• India has been importing huge chunk of Acetic acid from China. But due to pandemic there has been slowdown in imports from China. Moreover, the demand for Acetic Acid is highest in the period of Sept-Nov across Asian countries.
• The next week is likely to remain balanced as many of the markets will remain closed due to new year celebrations.
• There has been strong uproar in crude values last week due to positive closure of Brexit deal.
• Markets have rallied firmly since November, as vaccines trial progressed in many countries.

 1$: Rs. 73.55

 Import Custom Ex. Rate USD/ INR: 74.45

 Export Custom Ex. Rate USD/ INR: 72.75