Butyl Acrylate Monomer Weekly Report 20 May 2017

Weekly Price Trend: 15-05-2017 to 19-05-2017

• 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 increased significantly for this week.
• Prices of BAM were assessed at the level of Rs.79/Kg for ex Kandla for bulk quantity with no change in compare to last week’s closing values.

Total import at various ports in the month of April 2017

The above chart depicts the import of Acetic Acid at various ports of India in the month of April 2017.

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 increased in domestic market for this week. By end of this week prices were assessed at the level of Rs.79/Kg with an increase of Rs.3/Kg in compare to last week’s closing values.
• CIF India prices of BAM were assessed at the level of USD 1090-1110/MT (Full Duty), with a decrease of USD 50/MTS in compare to last week’s closing values. This has been due to mixed price trend in crude values in global market.

• This week overall crude oil prices plunged with little instability Recent announcements by Russia and Saudi Arabia have helped oil prices to recover and several analysts have highlighted the energy sector as a potential play for investors.
• According to recent reports, Russia and Saudi Arabia has announced about the cut in supply of oil to be extended for another nine months i.e till arch 2018.are likely tp discuss this matter in their next meeting.
• Experts from tm the oil market believe that Russia and other major producers could help drive oil prices back to $60 per barrel or more with a new production deal, but again that would be a green signal for U.S. shale drillers. This drive even could bring the oil to range in $60 oil the end of the year, but the gains are not expected to spike much higher.
• On Thursday, closing crude values have increased.WTI on NYME closed at $49.35/bbl, prices have increased by $0.28/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.30/bbl in compared to last trading and was assessed around $52.51/bbl. 

$1 = Rs. 64.64
Import Custom Ex. Rate USD/ INR: 65.10
Export Custom Ex. Rate USD/ INR: 63.40