Butyl Acetate Weekly Report 20 May 2017

Weekly Price Trend: 15-05-2017 to 19-05-2017

• The above graph focuses on the weekly price trend of Butyl Acetate for the current week.
• Compares to previous week Butyl Acetate prices remained soft-to-stable for this week.
• Butyl Acetate prices were assessed at the level of Rs.59/Kg for Kandla and Rs 60/Kg for Mumbai ports of India.

Total import at various ports in the month of April 2017

The above chart depicts the import of BA at various ports of India in the month of April 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 soft-to-stable for this week in domestic market. Prices were assessed at the level of Rs.59Kg for Kandla and Rs.60/KG for Mumbai port of India.

• On contrary, international prices of Butyl Acetate prices remained stable for this week. CIF India prices were assessed in the range of USD 790-810/MT, with an decline of USD 50/MTS in compare to last week’s closing values.

• This week overall crude oil prices plunged with little instability Recent announcements by Russia and Saudi Arabia have helped oil prices to recover and several analysts have highlighted the energy sector as a potential play for investors.
• According to recent reports, Russia and Saudi Arabia has announced about the cut in supply of oil to be extended for another nine months i.e till arch 2018.are likely tp discuss this matter in their next meeting.
• Experts from tm the oil market believe that Russia and other major producers could help drive oil prices back to $60 per barrel or more with a new production deal, but again that would be a green signal for U.S. shale drillers. This drive even could bring the oil to range in $60 oil the end of the year, but the gains are not expected to spike much higher.
• On Thursday, closing crude values have increased.WTI on NYME closed at $49.35/bbl, prices have increased by $0.28/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.30/bbl in compared to last trading and was assessed around $52.51/bbl. 

$1 = Rs. 64.64
Import Custom Ex. Rate USD/ INR: 65.30
Export Custom Ex. Rate USD/ INR: 63.60