Butyl Acrylate Monomer Weekly Report 16 Sep 2017

 Weekly Price Trend: 11-09-2017 to 15-09-2017

• 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 remain stable for this week.
• Prices of BAM were assessed at the level of Rs.92/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 for this week.

INDIA & INTERNATIONAL

• BAM prices remained stable for this week. By end of this week prices were assessed at the level of Rs.92/Kg with no change in comparison in compare to last week’s closing values.
• CIF India prices of BAM were assessed at the level of USD 1290-1310/MT (Full Duty), with an increase of USD 30/MTS in compare to last week’s closing values.
• This week there has been significant hike in crude values. Prices has reached too its highest level since April in this year. Crude values rose above $ 50/barrel for the first time. Both the contracts have increased by more than 19% since /June.
• Many fundamental factors are helping to support oil prices at this moment.
• Short supply, stronger demand along with ongoing restrictions from OPEC and Russia are few major reasons for the surge in oil prices.

• This week has been highly positive for crude values in international market. On Thursday closing, crude values gained in the international market.WTI on NYME closed at $49.89/bbl, prices improved by 0.59 in compared to last closing prices. While, Brent on Inter Continental Exchange was assessed at the rate of $55.47/bbl increased by 0.31/bbl on Wednesday.

$1 = Rs. 64.07
Import Custom Ex. Rate USD/ INR: 64.90
Export Custom Ex. Rate USD/ INR: 63.25