Butyl Acrylate Monomer Weekly Report 08 July 2017

Weekly Price Trend: 03-07-2017 to 07-07-2017

• 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 prices reduced for this week.
• Prices of BAM were assessed at the level of Rs.87/Kg for ex Kandla for bulk quantity with a decrease of Rs.3/Kg 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 decreased heavily this week.

INDIA & INTERNATIONAL

• BAM prices reduced in domestic market for this week. By end of this week prices were assessed at the level of Rs.87/Kg decreased Rs.2/Kg in compare to last week’s closing values.
• CIF India prices of BAM were assessed at the level of USD 1220-1240/MT (Full Duty), with no change in compare to last week’s closing values. This has been due to mixed price trend in crude values in global market.
• This week oil prices followed volatile trend. On Thursday oil prices closed on slightly higher note after a sharp but short-lived boost from a much bigger-than-expected decline in U.S. inventories of crude oil and gasoline. WTI on NYME closed at $45.52/bbl, prices have increased by $0.39/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.32/bbl in compared to last trading and was assessed around $48.11/bbl. Market players said the surge was driven by traders closing out short positions, or bets that oil prices would fall.
• There's a lot of bearishness out there now the market still believes supplies are not going to be in balance globally. Investors believe the OPEC will need to make further output cuts to offset thriving shale production in the United States.
• U.S. gasoline stocks dropped 3.7 million barrels in the most recent week, far exceeding the expected drop of 1.1 million barrels. Still, gasoline inventories remain about 6 percent above seasonal averages, so investors will watch for July data to see if demand is strong enough to whittle down stocks.

$1 = Rs. 64.59
Import Custom Ex. Rate USD/ INR: 65.65           
Export Custom Ex. Rate USD/ INR: 63.95