BAM Weekly Report 26 Aug 2017

 Weekly Price Trend: 21-07-2017 to 25-08-2017

• 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 unchanged for this week.
• Prices of BAM were assessed at the level of Rs.84/Kg for ex Kandla for bulk quantity.

Total import at Kandla port in the month of July2017

The above chart depicts the total import of BAM in the month of July 2017.

Booking Scenario

The above chart shows the international prices of BAM and its comparison from the previous prices. On Friday CFR India prices of BAM prices remained unchanged for this week.

INDIA & INTERNATIONAL

• BAM prices remained unchanged in domestic market for this week. By end of this week prices were assessed at the level of Rs.85/Kg with no change in compare to last week’s closing values.
• CIF India prices of BAM were assessed at the level of USD 1170-1190/MT (Full Duty), with no change in compare to last week’s closing values. This has been due to mixed price trend in crude values in global market.

• This week crude oil prices have remained volatile. On Friday, oil prices rose as the U.S. petroleum industry prepared for potential output disruptions as Hurricane Harvey headed for the heart of the nation’s oil industry in the Gulf of Mexico.  The storm has rapidly intensified since Thursday while On Thursday closing crude values have decreased.WTI on NYME closed at $47.43/bbl, prices have decreased by $0.98/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.53/bbl in compared to last trading and was assessed around $52.04/bbl.
• As per report, Prices rose as production in the affected area shut down in preparation for the hurricane, and on expectations that closures could last if the storm causes extensive damage.
• Market players have said that traders expect more upward pressure as the storm gets closer to Texas. Oil prices, however, fell because refiners may use less supply due to the storm.
• It is anticipated that recently oil prices to trade higher on account of support coming from inventory withdrawals in the US. However, Libya’s rising output remains a cause of concern for oil markets.

$1 = Rs. 64.03
Import Custom Ex. Rate USD/ INR: 65.15           
Export Custom Ex. Rate USD/ INR: 63.45