Butyl Acetate Weekly Report 24 Feb 2018

Weekly Price Trend: 19-02-2018 to 23-02-2018

• The above graph focuses on the weekly price trend of Butyl Acetate for the current week.
• Compares to previous week Butyl Acetate prices remained firm 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 January 2018

The above chart depicts the import of BA at various ports of India in the month of January 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 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 1120-1140, with no change in compare to last week’s closing values.
• China market remained closed due to Lunar holidays. The activities will resume only after this week.
• This week oil prices have followed mixed trend. Oil prices rose on Thursday, on U.S. crude stocks unexpectedly declined and also by a drop in the dollar.
• On Thursday, closing crude values have increased. WTI on NYME closed at $62.77/bbl; prices have increased by $1.09/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.97/bbl in compared to last trading and was assessed around $66.39/bbl.
• Crude inventories had been forecast to rise 1.8 million barrels, as stocks seasonally increase when refineries cut intake to conduct maintenance. As per source, the unexpected fall in oil inventories in the U.S. should see support for crude oil prices remain strong.

$1 = Rs. 64.73
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.85