Company Updates: It is one of our vital service. Some of the major Indian company updates are provided on our website. Reliance and BPCL are the major C9 manufacturers in India. Once the information is received about price changes, at first it is confirmed and then immediate alerts in the form of SMS’s are directly sent to the subscribers.
In India C9 is majorly imported at Kandla and Mumbai ports. Ennore, Mumbai and Calcutta are the other ports where C9 is being imported.
For daily price, Daily pricing methodology is followed mentioned above in the website.
For international prices our team regularly communicates with key participants in order to gain information about the international market.
Here the key participants are asked to bid their prices. It’s very important that all the entities submit the relevant documents to make the price assessment more relevant and appropriate.
By Friday noon the bidding window is closed. As mentioned earlier, along with the prices the participants submit the key documents in order to support their prices.
Our team analyse these prices on several factors. Here market dimensions are studied well. Company rationale, traders documents, current market scenario, last week’s assessed prices, order sizes, quantity details, traded quantity, ordered quantity, delivery information are some of the key factors taken into consideration.
Since C9 is direct product of crude oil. Ups and down in crude prices affect the C9 prices.
Later a comparative analysis is being carried out for all the prices. In the end, price which is more suitable and prompt is decided. Inference of this analysis is published in our market report as international price.
This assessed information is then published in our weekly report.
For CFR India, cost and freight is included. For FOB the prices does not include the shipping charges.
FOB (Freight on Board) prices is generally taken or the material being imported from Korea.