SMS Image

Price Alerts

News Image

Chemical News

Report Image

Market reports

Report Image

Historical Data

Try free for 30 days


Free Trial

Styrene Monomer Weekly Report 27 Oct 2018

Weekly Price Trend: 22-10-2018 to 26-10-2018

 

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 decrease at Kandla and at Mumbai ports and at the end of the week prices were assessed Rs.101/Kg for bulk quantity at Kandla and Rs 100/kg for Mumbai ports of India.

Booking Price


INDIA& INTERNATIONAL

  • The domestic prices of Styrene were assessed at the level of Rs.101/Kg for Kandla and Rs 100/kg Mumbai ports.
  • South East Asia prices of SM were evaluated at USD 1330/mt.
  • Rising U.S. crude stockpiles, forecasts for slower-than-expected demand growth and a sell-off in stock markets have weighed on crude futures.
  • Oil prices reduced on Friday and were heading for a third weekly loss, pulled down as Saudi Arabia's OPEC governor said the market may become oversupplied soon and after a slump in global equities clouded the outlook for demand.
  • "Bearish sentiment could force a re-test of support in the low $70.0 per barrel range.
  • The market may shift towards an oversupply situation as evidenced by rising inventories over the pat few weeks.
  • U.S. crude oil stockpiles rose last week for the fifth consecutive week, while gasoline and distillate inventories fell, the Energy Information Administration said this week.
  • Financial markets have been hit hard by a range of worries, including the U.S.-China trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, and economic concerns in Italy.
  • Most, including its biggest customer China, are falling in line, and Iran has turned to storing its unsold oil on its tanker fleet in the hope that it can sell the crude off quickly once the sanctions are lifted again.
  • FOB Korea and CFR China prices of Benzene were evaluated at USD 765/mt and USD 785/mt respectively.

 

 $1 = Rs. 73.46
 Import Custom Ex. Rate USD/ INR: 74.30
 Export Custom Ex. Rate USD/ INR: 72.60