Maleic Anhydride Weekly Report 25 Feb 2017

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

• The above given graph focuses on the Maleic Anhydride price trend for the current week.
• This week, there has been rise in domestic values.
• There has been significant gain in domestic values for Maleic Anhydride. Prices were assessed at the level of Rs.95-93/Kg for Ahmedabad and Mumbai ports.

Booking Scenario

The above chart shows the international price of Maleic Anhydride for this week. It shows that the prices for Maleic Anhydride have remained firm for this week.
INDIA & INTERNATIONAL

• Maleic Anhydride prices increased heavily in domestic market. Prices were assessed at the level of Rs.95-93/Kg for Ahmedabad and Mumbai for bulk quantity.
• International prices have remained stable for this week.
• CIF India prices of Maleic Anhydride were assessed at the level of USD 980-1000/MT, for Taiwan origin material, with no change for this week.
• 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