Butyl Acetate Weekly Report 20 Jan 2018

Weekly Price Trend: 15-01-2018 to 19-01-2018

• 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.78/Kg for Kandla and for Mumbai ports of India. Prices.

Total import at various ports in the month of December 2017

The above chart depicts the import of BA at various ports of India in the month of December 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 increased significantly for this week in domestic market. Prices were assessed at the level of Rs.78/Kg for bulk quantity.
• CIF India prices were assessed in the range of USD 1040-1060, reduced by USD 50/MTS in compare to last week’s closing values.
• Oil prices have followed volatile trend this week. On Thursday Oil rebounded after slipping below $69 a barrel, supported by a record drawdown of U.S. crude stockpiles at the Cushing, Oklahoma delivery hub, despite concerns that OPEC-led output cuts will increase supply from the United States.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $63.95/bbl; prices have decreased by $0.02/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.07/bbl in compared to last trading and was assessed around $69.31/bbl.
• As per report, the upside is now limited for oil prices. U.S. oil producers will ramp up production in the coming months. Some traders said that prices were unlikely to fall far due to the OPEC-led curbs and the risk of further disruptions.

$1 = Rs. 63.85
Import Custom Ex. Rate USD/ INR: 64.80
Export Custom Ex. Rate USD/ INR: 63.10