BAM Weekly Report 20 Jan 2018
Weekly Price Trend: 08-01-2018 to 12-01-2018
- 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.94/Kg for ex Kandla for bulk quantity.
Total import at various port in the month of December 2017
The above chart depicts the total import of BAM in the month of November 2017.
Booking Scenario
The above chart shows the international prices of BAM and its comparison from the previous prices.
INDIA & INTERNATIONAL
- There has been slight weakening in the domestic values of BAM for this week. Prices were assessed at the level of Rs.94/Kg for bulk quantity.
- CIF India prices of BAM were assessed at the level of USD 1300-1310/MT (Full Duty), increased by USD 30/MTS in compare to last week’s closing values.
- Oil prices have followed volatile trend this week. On Thursday Oil rebounded after slipping below $69 a barrel, supported by a record drawdown of U.S. crude stockpiles at the Cushing, Oklahoma delivery hub, despite concerns that OPEC-led output cuts will increase supply from the United States.
- On Thursday, closing crude values have decreased. WTI on NYME closed at $63.95/bbl; prices have decreased by $0.02/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.07/bbl in compared to last trading and was assessed around $69.31/bbl.
- As per report, the upside is now limited for oil prices. U.S. oil producers will ramp up production in the coming months. Some traders said that prices were unlikely to fall far due to the OPEC-led curbs and the risk of further disruptions.
$1 = Rs. 63.85
Import Custom Ex. Rate USD/ INR: 64.80
Export Custom Ex. Rate USD/ INR: 63.10
