N-Butanol Weekly Report 13 Jan 2018

Weekly Price Trend: 08-01-2018 to 12-01-2018

• The above given graph focuses on the N-Butanol price trend for the current week.
• If we take a quick look at the above given weekly prices then it can be observed that the prices of N-Butanol have remained volatile this week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 67/Kg at Kandla port.

Booking Scenario

The prices of N-Butanol are also affected by duties that are there for different countries. For example, there is 7.5% duty on South Africa and the Europe Zone. And there is 2.5% duty on Malaysia. These prices are for full duty (7.5%) for US, Europe region.

INDIA & INTERNATIONAL

• This week domestic prices of N-Butanol have remained volatile and were assessed at Rs. 67/Kg for Kandla port.
• This week international market prices have plunged.
• This week feedstock propylene and energy prices have escalated despite of this N-Butanol prices have plunged in international market as demand from end users have been bearish.
• This week crude oil prices have followed up velocity. On Thursday Brent crude oil hit a more than three-year high breaking through the psychologically important $70 a barrel level for the first time since December 2014.
• On Thursday, closing crude values have increased. WTI on NYME closed at $63.80/bbl; prices have increased by $0.23/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.06/bbl in compared to last trading and was assessed around $69.26/bbl.
• Oil prices have been supported by stronger-than-expected demand fueled by worldwide economic growth, ongoing output limits by OPEC and Russia and a series of global events that have stoked geopolitical tension.
• South East Asia prices of propylene were assessed at USD 885/mt.
• CFR China prices of propylene were evaluated at USD 1060/mt.
• FOB Korea prices of propylene were evaluated at USD 990/mt.

 $1 = Rs. 63.61
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.80.