Butyl Acrylate Monomer Weekly Report 06 Jan 2018

Weekly Price Trend: 01-01-2018 to 05-01-2018

• The above given graph focuses on the Butyl Acrylate Monomer price trend for current week.
• If we take a quick look at the above given weekly prices, it can be observed that there has been slight hike in domestic values by end of this week.
• Prices of BAM were assessed at the level of Rs.95/Kg for ex Kandla for bulk quantity.

Booking Scenario

The above chart shows the international prices of BAM and its comparison from the previous prices. On Friday CFR India prices of BAM prices remained unchanged.

INDIA & INTERNATIONAL

• There has been slight improvement in the domestic values of BAM for this week. Prices were assessed at the level of Rs.95/Kg for bulk quantity.
• CIF India prices of BAM were assessed at the level of USD 1300-1320/MT (Full Duty), with no change in compare to last week’s closing values.
• Market remained stable in the first week of this new year 2018. There has been no change in domestic values.
• There has been significant upsurge in crude values in international market. Current values are all time high in last one year. The political tension in Iran has been augmenting the hike in crude values.
• This week oil prices have remained little volatile but overall closed on higher note. On Thursday U.S. crude oil prices rise to the highest level in 2½ years as markets tightening amid tensions in Iran and due to ongoing OPEC-led production cuts.
• On Thursday, closing crude values have increased. WTI on NYME closed at $62.01/bbl; prices have increased by $0.38/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compared to last trading and was assessed around $68.07/bbl.
• As per market analyst, the market is getting more bullish on oil as inventory levels get closer to the five-year average. Geopolitical uncertainty in Iran, OPEC's third largest producer, is also helping to support the price as citizens are again protesting the government.

$1 = Rs. 67.37
Import Custom Ex. Rate USD/ INR:  64.50
Export Custom Ex. Rate USD/ INR:  62.80