Butyl Acrylate Monomer Weekly Report 14 April 2018

Weekly Price Trend: 09-04-2018 to 13-04-2018

• The above given graph focuses on the Butyl Acrylate Monomer price trend for current week.
• If we take a quick look at the above given weekly prices, it can be observed that there has been hike in prices for BAM by end of this week.
• Prices of BAM were assessed at the level of Rs.106/Kg for ex Kandla for bulk quantity.

Booking Scenario

The above chart shows the international prices of BAM and its comparison from the previous prices.

INDIA & INTERNATIONAL

• Domestic values for BAM remained vulnerable for this week. Prices were assessed at the level of Rs.106/Kg for bulk quantity.
• CIF India prices of BAM were assessed at the level of USD 1410-1430/MT (Full Duty), increased by USD 10/MTS prices for this week.
• Oil prices have escalated through the week but on Thursday prices have remained mixed.
• On Thursday, closing crude values have mixed. WTI on NYME closed at $67.07/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.40/bbl in compared to last trading and was assessed around $72.02/bbl.
• Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices were some way off Wednesday's late-2014 highs as bulging U.S. supplies weighed. A trade dispute between the United States and China also kept markets on edge.
• Crude oil prices settled at three-year highs amid ongoing expectations that geopolitical tensions in the Middle East could add a possible ‘fear premium’ to oil, while continued OPEC cuts supported sentiment.
• If the U.S. does indeed launch missiles at Syria, this would heighten risk and likely at once push crude oil higher and depress equities further.

$1 = Rs. 65.20
Import Custom Ex. Rate USD/ INR:  65.90
Export Custom Ex. Rate USD/ INR:  64.20