Butyl Acetate Weekly Report 10 Aug 2018

Weekly Price Trend: 06-08-2018 to 10-08-2018

• The above graph focuses on the weekly price trend of Butyl Acetate for the current week.
• Compares to previous week Butyl Acetate prices remained volatile for this week.
• Butyl Acetate prices were assessed at the level of Rs.93/Kg for Mumbai and Rs.92/Kg for Kandla ports of India.

Booking Scenario

The above chart shows the international prices of Butyl Acetate and its comparison from the previous prices. These booking prices for CIF India are for 0% duty.

INDIA & INTERNATIONAL

• Butyl Acetate prices remained vulnerable in the domestic market. Prices were assessed at the level of Rs.93/Kg for Mumbai and for Rs.92/kg Kandla port for bulk quantity.
• On other side there has been no change in the international prices. CIF India prices were assessed in the range of USD 1380-1400, with no change in compare to last week’s closing values.
• This week oil prices have followed volatile trend. On Thursday Crude prices held near lower levels set in the previous session, as the escalating China-U.S. trade dispute cast doubt on the outlook for oil demand.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $66.81/bbl. Prices have decreased by $0.13/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.21/bbl in compare to last closing price and was assessed around $72.07/bbl. Both benchmarks tumbled more than 3 percent after U.S. data showed a smaller-than-expected weekly draw in crude inventories and a surprise build of 2.9 million barrels in gasoline supplies.
• As per report, despite the possibility of a slowdown in economic growth due to escalating trade tensions, oil markets are for now relatively tight, because of sanctions on Iranian oil exports the United States plans to implement in November. Beyond Iran sanctions, the escalating trade dispute between Washington and Beijing was weighing on global markets.

$1 = Rs. 68.87
Import Custom Ex. Rate USD/ INR: 69.25                       
Export Custom Ex. Rate USD/ INR: 67.55