Butyl Acrylate Monomer Weekly Report 21 April 2018
Weekly Price Trend: 16-04-2018 to 20-04-2018
- 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 hike in prices for BAM by end of this week.
- Prices of BAM were assessed at the level of Rs.106/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.
INDIA & INTERNATIONAL
- Domestic values for BAM remained vulnerable for this week. Prices were assessed at the level of Rs.106/Kg for bulk quantity.
- CIF India prices of BAM were assessed at the level of USD 1440-1460/MT (Full Duty), increased by USD 30/MTS prices for this week.
- The prices have seen a new height in crude sector since 2014 due to ongoing in global supply with Saudi Arabia intending for prices to still go high in the international market.
- The previous oversupply of crude is no more in the international market. Experts believe that reaching the marl of $ 70 is very near in the future.
- Oil prices have escalated through the week but on Thursday prices have remained mixed. On Thursday, closing crude values have decreased. WTI on NYME closed at $68.29/bbl; prices have decreased by $0.18/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 $73.78/bbl.
$1 = Rs. 66.03
Import Custom Ex. Rate USD/ INR: 66.70
Export Custom Ex. Rate USD/ INR: 65.00
