BAM Weekly Report 25 August 2018
Weekly Price Trend: 20-08-2018 to 24-08-2018
- 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 prices remained firm for this week.
- Prices of BAM were assessed at the level of Rs.110/Kg for ex Kandla for bulk quantity.
Total BAM imports at various ports of India in July 2018
The above table depicts the import of BAM at various ports of India in the month of July 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.110/Kg for bulk quantity.
- CIF India prices of BAM were assessed at the level of USD 1470-1490/MT (Full Duty), reduced by USD 20/MTS for this week.
- This week oil prices have followed volatile trend. On Thursday oil prices plunged as an swelling trade dispute between the United States and China balanced news of a decline in U.S. commercial crude inventories.
- On Thursday, closing crude values have decreased. WTI on NYME closed at $67.83/bbl. Prices have decreased by $0.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.05/bbl in compare to last closing price and was assessed around $74.73/bbl.
- Oil demand is closely linked to economic activity and the trade dispute has already led analysts to trim their forecasts for future energy consumption. But while the outlook for oil demand growth may be moderating, some markets are tight. As per report, this week's report was bullish for crude. Crude stocks drew due to sharply lower crude imports and near-record refinery crude runs.
$1 = Rs. 69.91
Import Custom Ex. Rate USD/ INR: 71.10
Export Custom Ex. Rate USD/ INR: 69.40
