Butyl Acrylate Monomer Weekly Report 07 April 2018

Weekly Price Trend: 02-04-2018 to 06-04-2018

• 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 hike in prices for BAM by end of this week.
• Prices of BAM were assessed at the level of Rs.106/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.

INDIA & INTERNATIONAL

• Domestic values for BAM remained firm for this week. Prices were assessed at the level of Rs.106/Kg for bulk quantity.
• CIF India prices of BAM were assessed at the level of USD 1400-1420/MT (Full Duty), reduced by USD 10/MTS prices for this week.
• This week crude oil prices have remained volatile. On Thursday oil prices increased from gains in U.S. equities markets as trade tensions between China and the United States eased, but the advance was limited by strength in the dollar.
• On Thursday, closing crude values have increased. WTI on NYME closed at $63.54/bbl; prices have decreased by $0.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.31/bbl in compared to last trading and was assessed around $68.33/bbl.
• As per report, U.S. crude production hit a new high, but that was not enough to change the overall bullishness. OPEC and its allies are collectively curbing 1.8 million barrels per day of crude output to help eliminate a global oil glut. The cuts run until the end of 2018 but Saudi Arabia has said they could be extended in some form into 2019.

$1 = Rs. 64.96
Import Custom Ex. Rate USD/ INR:  65.90
Export Custom Ex. Rate USD/ INR:  64.20