BAM Weekly Report 31 March 2018

Weekly Price Trend: 26-03-2018 to 30-03-2018

• 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 no change 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.

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), with no change in prices for this week.
• This week crude oil prices have followed weak trend but on Thursday oil prices have escalated by 1 percent as the equities markets rallied and as market participants weighed a rise in U.S. crude inventories and production against continued OPEC supply curbs.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $64.94/bbl; prices have increased by $0.56/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.74/bbl in compared to last trading and was assessed around $70.27/bbl.
• Market players said that strong compliance on supply cuts from members of The OPEC and allies like Russia have supported prices. OPEC sources said the group and its allies are likely to keep their deal on cutting output for the rest of 2018 when they meet in June.
• As per market report, China was taking its first steps to pay for imported crude oil in yuan instead of the U.S. dollar. This week marked the launch of the Shanghai crude oil futures contract.

$1 = Rs. 65.17
Import Custom Ex. Rate USD/ INR:  65.80
Export Custom Ex. Rate USD/ INR:  64.15