Butyl Acrylate Monomer Weekly Report 19 May 2018

Weekly Price Trend: 14-05-2018 to 18-05-2018

• 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 prices remain stable by end of this week.
• Prices of BAM were assessed at the level of Rs.104/Kg for ex Kandla for bulk quantity.

Total import of BAM in the month of April 2018

The above chart depicts the import of BAM at various ports in India in the month of April 2018.

Booking Scenario

The above chart shows the international prices of BAM and its comparison from the previous prices.
INDIA & INTERNATIONAL

• Domestic values for BAM remained stable for this week. Prices were assessed at the level of Rs.104/Kg for bulk quantity.
• CIF India prices of BAM were assessed at the level of USD 1470-1490/MT (Full Duty), increased by USD 60/MT for this week.
• This week crude oil prices escalated. Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall because of renewed U.S. sanctions, reducing supply in an already tightening market.
• On Thursday, closing crude values have increased. WTI on NYME closed at $71.49/bbl; prices have increased remained firm in compared to last closing prices. While Brent on InterContinental Exchange increased by $0.02/bbl in compared to last trading and was assessed around $79.30/bbl.
• As per market report, The potential loss of 1 million barrels of Iranian crude from the world market and the ongoing decline of Venezuela's oil sector could push oil prices beyond $100/b. Global inventories of crude oil and refined products dropped sharply in recent months owing to robust demand and OPEC-led production cuts.
• Several banks have in recent days raised their oil price forecasts, citing tighter supplies and strong demand. Shell said it was halting crude exports from a major Nigerian pipeline.
• French petrochemical firm Total said that it may pull out all its investments from Iran where again sanctions has been imposed by US unless the sanctions relief is provided to the firm.
• Total has invested in Iran in South Pars along with Chinese firm CNPC and Iranian firm Petropars. Total itself holds 50.1% stake in South Pars Phase 11 with China’s state-owned CNPC owning 30% and Iran's Petropars 19.9%.

$1 = Rs. 68.00
Import Custom Ex. Rate USD/ INR:  68.65
Export Custom Ex. Rate USD/ INR:  66.95