Butyl Acrylate Monomer Weekly Report 22 July 2017

Weekly Price Trend: 17-07-2017 to 21-07-2017

• 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 remained unchanged for this week.
• Prices of BAM were assessed at the level of Rs.86/Kg for ex Kandla for bulk quantity with no change for bulk quantity.

Total import at Kandla port in the month of June 2017

The above chart depicts the total import of BAM in the month of June 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 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 oil prices have followed volatile trend in the market. Oil prices jumped more than 1 percent on Wednesday after a U.S. report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories. 
• On Thursday, oil settled lower in uneven trading. Closing crude values have decreased.WTI on NYME closed at $46.92/bbl, prices have decreased by $0.40/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.40/bbl in compared to last trading and was assessed around $49.30/bbl.
• Russia is ready to continue working with OPEC to help rebalance oil markets, Moscow welcomed a flexible approach by OPEC's leader Saudi Arabia to accommodate rising output from Nigeria and Libya, said by source.
• Market players predicted that prices would hold near current levels ahead of Monday's meeting between key OPEC and non-OPEC producers in St. Petersburg, Russia. The market has been watching reports that Saudi Arabia, the world's largest crude producer, is considering an additional supply cut to reduce the global glut.

$1 = Rs. 64.32
Import Custom Ex. Rate USD/ INR: 65.65           
Export Custom Ex. Rate USD/ INR: 63.95