BAM Weekly Report 10 Feb 2018

Weekly Price Trend: 05-02-2018 to 09-02-2018

• The above given graph focuses on the Butyl Acrylate Monomer price trend for current week.
• If we take a quick look at the above given weekly prices, it can be observed that there has been firmness in domestic values by end of this week.
• Prices of BAM were assessed at the level of Rs.93.5/Kg for ex Kandla for bulk quantity.

Total import of Butyl Acrylate Monomer in the year 2017

The above graph depicts the total import of BAM month wise in the year 2017. On an average 9000 mt of BAM was imported every month in the country.

Booking Scenario

The above chart shows the international prices of BAM and its comparison from the previous prices.
INDIA & INTERNATIONAL

• There has been firmness in the domestic values of BAM for this week. Prices were assessed at the level of Rs.93.5/Kg for bulk quantity.
• CIF India prices of BAM were assessed at the level of USD 1310-1330/MT (Full Duty), with an increase of USD 10/MTS in compare to last week’s closing values.
• There has been increase in domestic values along with hike in international prices. But this hike was subdued as week progressed. In the latter half of the week there has been heavy decline in crude values which in turn led to slight weakening of other petrochemical products.
• This week crude oil prices have followed weak trend. Oil prices fell sharply after the U.S. government reported crude stockpiles rose by 1.9 million barrels. The increasing U.S. oil production and crude stockpiles, and stock market sell-off, piled pressure on oil prices this week. A stronger dollar has also been a prevailing factor the decline. But the supply dynamics are working against a sustained price rally.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $61.15/bbl; prices have decreased by $0.64/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.70/bbl in compared to last trading and was assessed around $64.81/bbl.
• As per market analyst oil market moves could be exaggerated because the number of bets that crude prices will keep climbing has risen sharply, while wagers that prices will fall have plunged. That extreme market positioning can encourage bouts of profit-taking.

$1 = Rs. 64.40
Import Custom Ex. Rate USD/ INR:  64.50
Export Custom Ex. Rate USD/ INR:  62.85