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N-Butanol Weekly Report 25 March 2017

Weekly Price Trend: 20-03-2017 to 24-03-2017

 

  • 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 decreasedthis week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 60/Kg at Kandla port.

Total import at various ports of India February, 2017

 

Above chart represent the imported quantity of N-Butanol for the month of February, 2017. Previous month total imported quantity was around 4386mt. As per the chart last month at Nhava Sheva port lower quantity has been imported while at Kandla port imports was higher.

 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 decreased and were assessed at Rs. 60/Kg for Kandla port.
  • This week international market prices also have decreased by USD 120/mt.
  • This week feedstock propylene prices have plunged and N-Butanol prices also have decreased.
  •  With the weak sentiments from end users market is moving with weak velocity.
  • This week oil prices have followed scrawny inclination. Oil prices have plunged as U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. Now investors await a meeting between OPEC and its allies that may signal whether they will extend output curbs.
  • As per source American crude output continued to rise along with inventories, While OPEC won’t formally decide until May whether to extend production curbs, officials will meet this weekend in Kuwait to discuss their deal’s progress.
  • Market analyst said that without the production cut agreement, prices could basically target the low-to-mid $30s, players are positive that they will extend production cut. Some players are anticipating lowering prices due to high supplies.
  • On Monday WTI were closed at $49.31 and Brent closed at $51.76 while on Thursday, closing crude values have decreased.WTI on NYME closed at $47.70/bbl, prices have decreased by $0.34/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.08/bbl in compared to last trading and was assessed around $50.56/bbl.
  • CFR China prices of propylene were evaluated at USD 885/mt.
  • FOB Korea prices of propylene were evaluated at USD 840/mt.

 

 $1 = Rs. 65.41
 Import Custom Ex. Rate USD/ INR: 66.20
 Export Custom Ex. Rate USD/ INR: 64.50