N-Butanol Weekly Report 3 June 2017

Weekly Price Trend: 29-05-2017 to 02-06-2017
 

• 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.

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 have remained firm as feedstock propylene prices also have remained firm.
• This week oil prices have followed volatile trend. After OPEC, Russia and other producers extended their agreement to curb output by 1.8 million barrels a day for another nine months, to force a rebalancing of the oil market, the bearish tone in the oil sector resurfaced.
• As per report, U.S. oil supplies dropped by 6.4 million barrels last week, a positive for the market and a much bigger decline than expected. On Thursday U.S. crude up slightly after a larger-than-expected domestic inventory drawdown.
• On Thursday, closing crude values have increased.WTI on NYME closed at $48.36/bbl, prices have increased by $0.04/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.02/bbl in compared to last trading and was assessed around $50.33/bbl.
• As per market report, U.S. production increased, and the expectation is that ongoing activity in U.S. shale will continue to boost output, offsetting OPEC efforts.
• CFR South East Asia prices of propylene were assessed at USD 740/mt.
• CFR China prices of propylene were evaluated at USD 905/mt.
• FOB Korea prices of propylene were evaluated at USD 860/mt.

 $1 = Rs. 64.44
 Import Custom Ex. Rate USD/ INR: 65.35
 Export Custom Ex. Rate USD/ INR: 63.70