Butyl Acetate Weekly Report 25 August 2018

Weekly Price Trend: 20-08-2018 to 24-08-2018

• 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.96/Kg for Mumbai and Rs.95/Kg for Kandla ports of India.

Total BA import at various ports of India in July in July 2018

The above chart depicts the import of BA at various ports of India in July 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 remained vulnerable in the domestic market. Prices were assessed at the level of Rs.96/Kg for Mumbai and for Rs.95/Kg Kandla port for bulk quantity.
• On other side there is also increase in the international prices. CIF India prices were assessed in the range of USD 1310-1330, reduced by USD 110/MTS in compare to last week’s closing values.
• This week oil prices have followed volatile trend. On Thursday oil prices plunged as an swelling trade dispute between the United States and China balanced news of a decline in U.S. commercial crude inventories.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $67.83/bbl. Prices have decreased by $0.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.05/bbl in compare to last closing price and was assessed around $74.73/bbl.
• Oil demand is closely linked to economic activity and the trade dispute has already led analysts to trim their forecasts for future energy consumption. But while the outlook for oil demand growth may be moderating, some markets are tight. As per report, this week's report was bullish for crude. Crude stocks drew due to sharply lower crude imports and near-record refinery crude runs.

$1 = Rs. 69.91
Import Custom Ex. Rate USD/ INR: 71.10                       
Export Custom Ex. Rate USD/ INR: 69.40