ISO Propanol Weekly Report 10 Aug 2018

Weekly Price Trend: 06-08-2018 to 10-08-2018

• The above given graph focuses on the IPA price trend for this week.
• As per the above graph, it has been inferred that the prices of ISO Propanol have remained firm for the week and at the end of this week prices were assessed at the level of Rs.70/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• Domestic prices of ISO Propanol have increased this week and were assessed at the level of Rs. 70/Kg.
• This week international prices of ISO Propanol also have remained firm in compared to the previous week.
• Japan’s Mitsui plans to shut its IPA plant for turnaround in November.
• Southeast Asia IPA prices appeared to have bottomed out after last week’s downtrend as demand looks to be stable to strong but supply is limited.
• With the limited number of suppliers left in China, demand is considered steady, even with end-users buying on a need-to basis.
• As per report, an offer for September shipping from a Chinese exporter was heard at $880/tonne CFR SE Asia.
• In SE Asia IPA demands will start to pick up after the summer lull sentiment is starting to look bullish, As per trader.
• This week oil prices have followed volatile trend. On Thursday Crude prices held near lower levels set in the previous session, as the escalating China-U.S. trade dispute cast doubt on the outlook for oil demand.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $66.81/bbl. Prices have decreased by $0.13/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.21/bbl in compare to last closing price and was assessed around $72.07/bbl. Both benchmarks tumbled more than 3 percent after U.S. data showed a smaller-than-expected weekly draw in crude inventories and a surprise build of 2.9 million barrels in gasoline supplies.

 $1 = Rs. 68.87
 Import Custom Ex. Rate USD/ INR: 69.25
 Export Custom Ex. Rate USD/ INR: 67.55