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 28 February 2020

Weekly Price Trend: 24-02-2020 to 28-02-2020


  • If we take a quick look at the above given weekly prices, it can be observed that for the current week prices increased for this week.
  • On Friday domestic values were assessed around Rs.77/Kg for bulk quantity at Kandla and for Mumbai ports of India by end of the week. 

Booking Price

 

INDIA& INTERNATIONAL

  • The domestic prices of Styrene were assessed at the level of Rs.77/Kg for Kandla and Mumbai ports. Domestic prices have increased significantly for this week.
  • On other side, FOB Korea values for Styrene were assessed around USD 785-805/MT, reduced by USD 15/MT for this week. CFR China prices also reduced for this week. Prices were assessed at the level of USD 820/MT. South East Asia prices of SM were evaluated at USD 820/MT.
  • Benzene the major source for aromatic products has reduced heavily for this week. FOB Korea values for Benzene were assessed around USD 635/MT for this week, reduced by USD 40/MTS for this week while CFR China prices were assessed at the level of USD 645/MT for this week again reduced by USD40/MT for this week.
  • On Thursday, closing crude values have decreased. WTI on NYME closed at $47.09/bbl. Prices have decreased by 1.64/bbl in compared to last closing prices. While Brent on Inter Continental Exchange is decreased by 1.25/bbl in compare to last closing price and was assessed around $53.18/bbl.
  • Oil prices has been operating on declining mode and were on track for about a 12 per cent weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand.
  • The virus, which has already killed more than 2,700 people in China, has been found in another 46 countries and caused 57 deaths. Experts worry the epidemic could turn into a pandemic and deliver a damaging blow to the global economy.
  • The most active Brent crude contract for May was down 90 cents, or 1.7 per cent, at $50.83 a barrel by 0141 GMT, a 14-month low. The front-month April contract expires today.
  • The international benchmark, which fell about 2 per cent on Thursday, has shed around 12 per cent this week and is on track for its steepest weekly decline since mid-January 2016.
  • With new infections reported around the world now surpassing those in mainland China, the World Health Organization said on Thursday that all countries need to prepare to combat the coronavirus.

$1 = Rs. 72.20

Import Custom Ex. Rate USD/ INR: 72.65

Export Custom Ex. Rate USD/ INR: 70.95