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.
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 Methyl ethyl Ketone in India is majorly from the following countries like China, Taiwan, South Africa and Japan.
The major ports for import in India are Kandla and Mumbai.