Maleic Anhydride is majorly imported on Mumbai and Madras ports in India.
For daily price, we follow the same procedure as mentioned above in the Daily pricing methodology.
Our team regularly communicates with key participants in order to gain information about the international market updates.
Here we ask the key participants to bid their prices. We make sure 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.
Proper analysis is being done by our team on various 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.
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.
Maleic Anhydride is majorly imported from following countries in India-Taiwan, Malaysia and China.
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.