Butyl Acetate Weekly Report 11 Nov 2017

Weekly Price Trend: 06-11-2017 to 10-11-2017

• The above graph focuses on the weekly price trend of Butyl Acetate for the current week.
• Compares to previous week Butyl Acetate prices remained stable for this week.
• Butyl Acetate prices were assessed at the level of Rs.85/Kg for Kandla and for Mumbai ports of India.

Total import at various ports in the month of September 2017

The above chart depicts the import of BA at various ports of India in the month of September 2017.

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 firm for this week. There has been slackness in demand basically due to festive season across the nation. Moreover the other major cities like Mumbai and down in south India are experiencing rainfall since past few weeks.
• CIF India prices were assessed in the range of USD 1020-1040/MT, increased by USD 20/MTS in compare to last week’s closing values.
• Last week on Thursday, closing crude values have increased. WTI on NYME closed at $57.17/bbl; prices have increased by $0.36/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.44/bbl in compared to last trading and was assessed around $63.93/bbl.
• Market trends remained stable to positive for this week. Market will see an upsurge in next few weeks as political tension in Saudi Arabia has been disturbing the petrochemical market all over the world.

$1 = Rs. 67.63
Import Custom Ex. Rate USD/ INR: 65.40
Export Custom Ex. Rate USD/ INR: 64.70