Weekly Phenol Report 25th December 2020

Weekly Price Trend: 21-12-2020 to 25-12-2020

• The above given graph focuses on the Phenol price trend for the current week.
• If we take a quick look at the above given week, prices remained firm and there has been rise in values for this week.
• Prices were assessed at the level of Rs.82Kg for bulk quantity. Prices increased by Rs.5/Kg for this week.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic phenol market prices were assessed around Rs.82/Kg for bulk quantity. Prices increased significantly for this week as there has been shortage of supply in domestic market.
• CFR India prices for this week were assessed in the range of USD 750-770/MTS for this week increased by USD 30/MT for this week.
• CFR China prices for Phenol were assessed round 865/MT for this week.
• On other side CFR SEA prices were assessed around USD 875/MT for this week.
• On other side there was decline in Benzene values. FOB Korea values for Benzene were assessed around USD 630/MT for this week. Prices reduced by USD 18/MT for this week. CFR China prices were assessed around USD 610/MT for this week.
• There has been strong uproar in crude values last week due to positive closure of Brexit deal.
• Markets have rallied firmly since November, as vaccines trial progressed in many countries.

 $1 = Rs. 73.55

Import Custom Ex. Rate USD/ INR: 74.45

Export Custom Ex. Rate USD/ INR: 72.76