Butyl Acrylate Monomer Weekly Report 24 Feb 2018
Weekly Price Trend: 19-02-2018 to 23-02-2018
- 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 slowdown in domestic values by end of this week.
- Prices of BAM were assessed at the level of Rs.94/Kg for ex Kandla for bulk quantity.
Total import at various port in the month of January 2018
The above chart depicts the total import of BAM in the month of January 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 soft-to-stable for this week. Prices were assessed at the level of Rs.94/Kg for bulk quantity.
- CIF India prices of BAM were assessed at the level of USD 1310-1330/MT (Full Duty), with no change in compare to last week’s closing values.
- China market remained closed due to Lunar holidays. The activities will resume only after this week.
- This week oil prices have followed mixed trend. Oil prices rose on Thursday, on U.S. crude stocks unexpectedly declined and also by a drop in the dollar.
- On Thursday, closing crude values have increased. WTI on NYME closed at $62.77/bbl; prices have increased by $1.09/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.97/bbl in compared to last trading and was assessed around $66.39/bbl.
- Crude inventories had been forecast to rise 1.8 million barrels, as stocks seasonally increase when refineries cut intake to conduct maintenance. As per source, the unexpected fall in oil inventories in the U.S. should see support for crude oil prices remain strong.
$1 = Rs. 64.73
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.85
