Butyl Acetate Weekly Report 18 Feb 2017

Weekly Price Trend: 13-02-2017 to 17-02-2017

• The above graph focuses on the weekly price trend of Butyl Acetate for the current week.
• Compares to previous week Butyl Acetate prices increased slightly for this week and remained stable for rest of the week.
• Butyl Acetate prices were assessed at the level of Rs.63/Kg for Kandla and Rs.64/Kg Mumbai 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 increased slightly for this week. Prices were assessed at the level of Rs.64/Kg for Mumbai port and Rs.63/Kg for Kandla port of India.

• International prices of Butyl Acetate remained unchanged for this week. CIF India prices were assessed in the range of USD 750-770/MT, with an increase of USD 10/MTS in compare to last week’s closing values.
• Acetic acid for CIF India prices were assessed at the level of USD 395/MT, with an increase of USD 10/MTS in compare to last week’s closing values.
• Crude prices continue to oscillate in a shifting range as traders considered the conflicting influence of weakening of US dollar. There has been constant high supply in last few weeks along with rising levels in the US crude inventory levels.
• On Thursday closing, there has been rise in crude values.WTI values increased by USD 0.25/bbl and was assessed around $53.36. On other side there was slight decline in Brent values was observed. Brent crude prices reduced by $0.10/bbl and were assessed around $55.65/bbl.

$1 = Rs. 67.00
Import Custom Ex. Rate USD/ INR: 67.85
Export Custom Ex. Rate USD/ INR: 66.15