Providing Company updates to our subscribers is one of our vital services. We provide updates form some of the major companies of the country. We provide the pricing update by RCF and GNFC for Methanol. In case of any change in the price, immediate message alerts are sent to the subscribers after careful confirmation and verification from our industry sources.
Daily pricing is done on the bases of regular communication with key brokers and producers in the market and take their opening market price. Along with the prices the care is taken that their prices are valued on the transaction size.
For international prices our team regularly communicates with key participants in order to gain information about the international market.
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.
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.
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.
The Premium is one the prime measure of consideration in certain chemicals one of them being Methanol. The premium is measured in context to formula based ratings. Bidding price and selling price are taken from the bidders and traders and assertive price is scrutinized. However, any confirmed deal in notice is taken as the final scrutinized price. On the basis of the final scrutinized price, premium is calculated on the formula based method, and hence the price is quoted.
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.
The import of Methanol in India is majorly from the following countries like Iran, Saudi Arabia, Germany, United Arab Emirates, United Kingdom, South Africa, United States, Singapore, and Spain.
The major ports for import in India are Kandla, Mundra, Bombay, Vizag, Cochin and Mangalore.