ISO Propanol Weekly Report 22 Sep 2018

Weekly Price Trend: 17-09-2018 to 21-09-2018

• 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 increased for the week and at the end of this week prices were assessed at the level of Rs.86.5/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. 86.5/Kg.
• This week international prices of ISO Propanol have remained firm in compared to the previous week.
• Presently IPA market is moving with soft velocity no major deals and discussion has been heard.
• Europe IPA price rises, range narrows on feedstocks and tighter market.
• As per report, South Korea’s August exports of IPA rose month on month.
• Singapore’s August IPA imports plunged 61.7% month on month.
• Crude prices are making new heights. On Thursday prices slightly eased with US president urging OPEC to bring prices down. Experts believe that Brent will soon cross the mark of USD 80 after gap of four years. US President would least want the crude prices to go high with mid election in next few months.
• The Iranian sanctions are making hard for the Asian countries which are the consumers of Iranian crude. Many buyers have already cut Iranian purchases ahead of the new regulations. It is unclear whether producers such as Saudi Arabia, Iraq and Russia can compensate for lost supply.
• Total imported quantity of IPA for the month of August was around 11199MT.

 $1 = Rs. 72.19
 Import Custom Ex. Rate USD/ INR: 73.65
 Export Custom Ex. Rate USD/ INR: 71.95