Weekly Price Trend: 11-11-2013 to 15-11-2013
The above given graph focuses on the Phthalic Anhydride price trend in the past week from Dt: 11/11/2013 to 15/11/2013.
If we take a quick look at the above given weekly prices then it can be observed that the prices of Phthalic Anhydride shows huge increment through the week. On Monday prices were Rs.100.5-99/kg that increased to the level of Rs.104.5-103/kg.
Domestic Market Scenario
Various industry sources said that this industry is running on normal basis as many end-users were purchasing to complete their industry needs.
Traders in the market said that after Diwali this is industry is working good.
Demand of Phthalic has improved for this industry.
Resin demand in Indian market is increasing slightly as users of resins have begun production actively after Diwali.
Still Buyers are buying at need basis only because of instability of INR against USD.
Industry sources said that this industry is functioning well after the end of Diwali holidays.
Phthalic demand was quite good for this industry compared to last few weeks.
Dyes & Intermediate
Demand in this sector was reported to gain momentum in Indian market after Diwali holidays. The industry is working on good pace and expected to gain further.
Industry sources said that this demand for the chemical used in this industry has increased little bit because of end of Diwali holidays and producers have started stocking inventories.
Antidumping Duty Country-wise
Israel-USD 139.76/Mt Taiwan-USD 150.88/MT Korea-USD 91.12/MT
Above chart shows the international prices of Phthalic Anhydride and its comparison from the previous prices. It shows that prices have decreased by USD 5/mt for Iran and Korea.
Demand of Phthalic Anhydride has increased little bit compared to last few months, but the scenario is not up to the expectation among the players.
Prices of Phthalic anhydride show good increment through the week for domestic market, but market players said that such increment is not due to the demand for Phthalic but the effect of currency depreciation.
Local producers are holding prices at 104-105/kg but there is availability of material at the rate of Rs.102-103/kg for domestic market.
International prices for Phthalic Anhydride decreased by USD 5/mt and assessed at the level of USD 1400-1420/mt.
Total import of Phthalic Anhydride was approx 930mt from 1st to 10th Nov, 2013.
$1 = Rs.63.11
Import Custom Ex. Rate USD/ INR: 63.10
Export Custom Ex. Rate USD/ INR: 62.10