BAM Weekly Report 24 March 2018

Weekly Price Trend: 19-03-2018 to 23-03-2018

• 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 significant hike in domestic values by end of this week.
• Prices of BAM were assessed at the level of Rs.102/Kg for ex Kandla for bulk quantity.

Total import of BAM in the month of February 2018

The above chart depicts the import of BAM at various ports in India in the month of February 2018.

Booking Scenario

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

• Domestic values for BAM remained firm for this week. Prices were assessed at the level of Rs.102/Kg for bulk quantity.
• CIF India prices of BAM were assessed at the level of USD 1410-1430/MT (Full Duty), increased by USD 80/MTS for this week.
• Market sentiments in current scenario continue to remain uncertain. Experts believed that after Lunar holidays market prices will soar up. On contrary there has been constant weakening of prices in China market. Demand from end user has pulled down heavily in turn leading to weakening of prices. This slowdown is expected to last for few more weeks.
• This week oil prices have followed volatile inclination. Oil prices edged higher in choppy trade on Thursday, supported by a pickup in equity markets but pressured by expectations that crude supply will exceed demand later this year.
• On Thursday, closing crude values have increased. WTI on NYME closed at $61.19/bbl; prices have increased by $0.23/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compared to last trading and was assessed around $65.12/bbl.
• Rising global oil demand, along with supply constraints from the OPEC, has helped keep oil above $60 a barrel.
• As per report, global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise in inventories in the first quarter of 2018. U.S. oil output hit a record 10.38 million barrels per day. OPEC expects to lose market share as output from non-OPEC nations soars.

$1 = Rs. 65.00
Import Custom Ex. Rate USD/ INR:  65.80
Export Custom Ex. Rate USD/ INR:  64.15