Weekly Price Trend: 19-11-2018 to 23-11-2018
If we take a quick look at the above given weekly prices, it can be observed that for the current week prices of Styrene Monomer have decreased significantly at Kandla and at Mumbai ports
and at the end of the week prices were assessed Rs.84/Kg for bulk quantity at Kandla and Rs. 85/kg for Mumbai ports of India.
Booking Price
INDIA& INTERNATIONAL
· The domestic prices of Styrene were assessed at the level of Rs.841/Kg for Kandla and Rs 85/kg Mumbai ports.
· South East Asia prices of SM were evaluated at USD 1025/mt.
· Similar impact was seen in the Benzene prices values.FOB Korea prices were assessed around USD 665/MT, while CFR China prices were assessed around USD 680/MT.
· Crude market has declined by more than 30% in the month of November. Prices have remained vulnerable throughout this week.
· In last one month, crude prices have reached to its lowest level with WTI closed at $54.43 which was earlier $75 per barrel in the first week of October. Decline in crude values has also affected the Indian currency against dollar. Rupee settled at Ra.70.67 reduced by Rs.5 against dollar.
$1 = Rs. 70.67
Import Custom Ex. Rate USD/ INR: 74.30
Export Custom Ex. Rate USD/ INR: 72.60
