Butyl Acetate Weekly Report 21 July 2018

Weekly Price Trend: 16-07-2018 to 20-07-2018

• The above graph focuses on the weekly price trend of Butyl Acetate for the current week.
• Compares to previous week Butyl Acetate prices remained weak for this week.
• Butyl Acetate prices were assessed at the level of Rs.94/Kg for Mumbai and for Kandla ports of India.

Total import of BA at various ports in the month of June 2018

The above chart depicts the import of BA at various ports in the month of June 2018.

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 reduced in the domestic market. Prices were assessed at the level of Rs.94/Kg for Mumbai and for Rs.93/kg Kandla port for bulk quantity.
• On other side there has been significant hike in the international prices. CIF India prices were assessed in the range of USD 1390-1410-1110, increased by USD 80/MTS in compare to last week’s closing values.
• This week oil prices have followed mixed trend. On Thursday, Brent crude fell as concerns about mounting supply returned after a brief rally on comments that Saudi Arabia's exports would fall in August. Crude also strengthened on forecasts that inventories at the U.S. oil delivery hub for WTI in Cushing, Oklahoma fell 1.8 million barrels, or 6.2 percent.
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $69.46/bbl; prices have increased by $0.70/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.32/bbl in compare to last closing price and was assessed around $72.58/bbl.
• As per report, Saudi Arabia expects its crude exports to drop by roughly 100,000 bpd in August as the kingdom limits excess production.
• As per report, Saudi Arabia's crude oil exports in July would be roughly equal to June levels. Despite international oil markets being well balanced in the third quarter, there would still be substantial stock draws due to robust demand.

$1 = Rs. 68.87
Import Custom Ex. Rate USD/ INR: 69.60                       
Export Custom Ex. Rate USD/ INR: 67.90