Butyl Acrylate Monomer Weekly Report 07 Oct 2017

Weekly Price Trend: 02-10-2017 to 06-10-2017

• 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 significant hike in values by end of this week.
• Prices of BAM were assessed at the level of Rs.90/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 for this week.

INDIA & INTERNATIONAL

• BAM prices remained soft for this week. This has been particularly due to festive season across the country and weakened supply of the chemical. With long weekend ahead, the supply has really declined and demand has also slow down. This upcoming festive season will continue to weaken the demand of the chemical.
• By end of the week prices were assessed at the level of Rs.90/Kg for bulk quantity for Kandla and Mumbai port of India.
• 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 sentiments remained stable as one of the major market of Asia, China remained closed due to golden week holidays. The Market will open now on Monday. So the demand remained lull from China.
• Crude price remained volatile throughout this week. On Wednesday after slipping a bit oil prices rose again on Thursday based on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market.
• On Thursday, crude values closed on higher note. WTI on NYME closed at $50.79/bbl, prices have increased by $0.81/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $1.20/bbl in compared to last trading and was assessed around $57.00/bbl.
• As per market players, OPEC and other producers, including Russia, to cut oil output to boost prices could be extended to the end of 2018, instead of expiring in March 2018.

$1 = Rs. 65.38
Import Custom Ex. Rate USD/ INR: 65.95
Export Custom Ex. Rate USD/ INR: 64.30