Butyl Acrylate Monomer Weekly Report 12 Aug 2017

Weekly Price Trend: 07-07-2017 to 11-08-2017

• 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 remained unchanged for this week.
• Prices of BAM were assessed at the level of Rs.84/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 increased heavily this week.

INDIA & INTERNATIONAL

• BAM prices remained unchanged in domestic market for this week. By end of this week prices were assessed at the level of Rs.85/Kg with no change in compare to last week’s closing values.
• CIF India prices of BAM were assessed at the level of USD 1240-1260/MT (Full Duty), increased by USD70/MT in compare to last week’s closing values. This has been due to mixed price trend in crude values in global market.

• This week crude oil prices followed volatile trend and on Thursday market closed on weaker note. Oil prices fell more than 1.5 percent on Thursday, to hit two-week lows, dragged lower by persistent oversupply worries despite a bigger-than-expected drawdown in U.S. crude inventories.
• On Thursday, closing crude values have decreased.WTI on NYME closed at $48.59/bbl, prices have decreased by $0.97/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.80/bbl in compared to last trading and was assessed around $51.90/bbl.
• Investors were also keeping a close eye on the broad market impact of tensions between the United States and North Korea. Recently Crude oil prices failed to hold recent gains, with a nervous market starting to doubt recent falls in inventories.
• As per report, OPEC is curbing output by about 1.2 million bpd, while Russia and other non-OPEC producers cut half as much, until March 2018.

$1 = Rs. 64.13
Import Custom Ex. Rate USD/ INR: 64.55           
Export Custom Ex. Rate USD/ INR: 62.85