Butyl Acrylate Monomer Weekly Report 13 Jan 2018

Weekly Price Trend: 08-01-2018 to 12-01-2018

• 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 slowdown  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 weakening in the domestic values of BAM for this week. Prices were assessed at the level of Rs.94/Kg for bulk quantity.
• CIF India prices of BAM were assessed at the level of USD 1270-1290/MT (Full Duty), reduced by USD 30/MTS in compare to last week’s closing values.
• This week crude oil prices have followed up velocity. On Thursday Brent crude oil hit a more than three-year high breaking through the psychologically important $70 a barrel level for the first time since December 2014.
• On Thursday, closing crude values have increased. WTI on NYME closed at $63.80/bbl; prices have increased by $0.23/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.06/bbl in compared to last trading and was assessed around $69.26/bbl.
• Oil prices have been supported by stronger-than-expected demand fueled by worldwide economic growth, ongoing output limits by OPEC and Russia and a series of global events that have stoked geopolitical tension.
• Market analysts say it will be hard for oil prices to tack on gains from these levels. Robust global demand, OPEC output cuts and a series of geopolitical tensions have accelerated a rally that began in June.

$1 = Rs. 63.61
Import Custom Ex. Rate USD/ INR:  64.50
Export Custom Ex. Rate USD/ INR:  62.80