Phthalic Anhydride Weekly Report 25 Feb 2017

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

• The above given graph focuses on the Phthalic Anhydride price trend for current week.
• Domestic prices were assessed in the range of 83-81/Kg for Ahmedabad and Mumbai port. This week there has significant rise in the domestic values.

Booking Scenario

Antidumping Duty Country-wise
Israel-USD 139.76/MT Taiwan-USD150.88/MT Korea-USD91.12/MT.
The above chart shows the international prices of Phthalic Anhydride and its comparison from the previous prices.

INDIA & INTERNATIONAL

• Domestic prices were assessed in the range of 83-81/Kg for Ahmedabad and Mumbai port. This week there has been rise in the domestic values.
• Phthalic Anhydride prices were assessed 83-81/Kg for Ahmedabad and Mumbai port respectively. CFR India Phthalic Anhydride prices were assessed at the level of USD 1040-1060/MT.
• 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: 67.35
Export Custom Ex. Rate USD/ INR: 66.15