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N-Butanol Weekly Report 27 May 2017

Weekly Price Trend: 22-05-2017 to 26-05-2017
 

  • 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 increasedthis week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 61/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 increased and were assessed at Rs. 61/Kg for Kandla port.
  • This week international market prices have increased as feedstock propylene prices also have increased.
  • This week oil prices have followed volatile trend. On Thursday, Crude oil prices plunged more than 5 percent below $49 per barrel for its biggest daily drop in three weeks as OPEC members agreed to extend oil output cuts for nine months, crude oil traders pushed prices down by more than 4%.
  • As per report, OPEC and some non-OPEC members agreed to extend oil supply cuts of 1.8 million barrels per day for a further nine months in a bid to stop waving prices. However, the move disappointed some who had hoped for longer or deeper cuts.
  • As per market analyst, an initial six months of output reductions failed to shrink brimming crude stockpiles around the world. OPEC members need to curtail exports and take action to limit surging U.S. production to succeed this time.
  • On Thursday, closing crude values have decreased.WTI on NYME closed at $48.90/bbl, prices have decreased by $2.46/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $2.50/bbl in compared to last trading and was assessed around $51.46/bbl.
  • CFR South East Asia prices of propylene were assessed at USD 740/mt.
  • CFR China prices of propylene were evaluated at USD 895/mt.
  • FOB Korea prices of propylene were evaluated at USD 860/mt.

 $1 = Rs. 64.44
 Import Custom Ex. Rate USD/ INR: 65.30
 Export Custom Ex. Rate USD/ INR: 63.60