Phenol Weekly Report 6 September 2019

Weekly Price Trend: 02-09-2019 to 06-09-2019

• The above given graph focuses on the Phenol price trend for the current week.
• If we take a quick look at the above given weekly price remained stable throughout this week. By end of the week prices were assessed at the level of Rs. 70/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL 

• This week domestic phenol market prices were assessed around Rs.70/Kg for bulk quantity. Prices remained stable for this week and were assessed at the level of Rs.70/Kg for bulk quantity.
• CFR India prices for this week were assessed in the range of USD 1020-1040/MTS, with no change in values for this week in compare to last week’s closing values.
• Benzene the major source for aromatic products has also improved for this week. FOB Korea values for Benzene were assessed around USD 687/MT, increased by USD 7/MT for this week, while CFR China prices also improved and were assessed at the level of USD 687/MT for this week.
• On Thursday, closing crude values have increased. WTI on NYME closed at $56.30/bbl. Prices have increased by 0.04/bbl in compared to last closing prices. While Brent on Inter Continental Exchange is increased by 0.25/bbl in compare to last closing price and was assessed around $60.95/bbl. 

$1 = Rs. 71.72

Import Custom Ex. Rate USD/ INR: 72.80

Export Custom Ex. Rate USD/ INR: 71.10