Butyl Acrylate Monomer Weekly Report 15 July 2017

Weekly Price Trend: 10-07-2017 to 14-07-2017

• 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.86/Kg for ex Kandla for bulk quantity with a decrease of Rs.1/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.86/Kg decreased Rs.1/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 Crude oil prices followed up an positive trend as Saudi Arabia is going to cut exports of crude oil to the United States, but this is going to be a short-term effect on the market as the United States becomes much more energy independent.
• On Thursday, closing crude values have increased.WTI on NYME closed at $46.08/bbl, prices have increased by $0.59/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.68/bbl in compared to last trading and was assessed around $48.42/bbl.
• As per market source, the oil market could stay oversupplied for longer than expected due to rising production and limited output cuts by some OPEC exporters. Rising consumption in Germany and the United States was helping boost oil demand. OPEC said its production rose by 393,000 barrels per day in June to 32.611 million bpd.

$1 = Rs. 64.45
Import Custom Ex. Rate USD/ INR: 65.65           
Export Custom Ex. Rate USD/ INR: 63.95