Butyl Acrylate Monomer Weekly Report 25 March 2017

Weekly Price Trend: 20-03-2017 to 24-03-2017

• 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 declined significantly in this week.
• Prices of BAM were assessed at the level of Rs.107/Kg for ex Kandla for bulk quantity.

Total import at various ports in the month of February 2017

The above chart depicts the import of BAM at various ports of India in the month of February 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 significantly for this week. By end of this week prices were assessed at the level of Rs.101/Kg with a decrease of Rs.6/Kg in compare to last week’s closing values.
• CIF India prices of BAM were assessed at the level of USD 1290-1310/MT (Full Duty), with an decrease of USD 140/MTS in compare to last week’s closing values. This has been due to mixed price trend in crude values in global market.
• Price trend for crude values remained thin with very few changes. Oil prices plunged initially as U.S. crude inventories increased faster than expected, piling pressure on OPEC to extend output cuts beyond June. Now investors await a meeting between OPEC and its allies that may signal whether they will extend output curbs.
• As per sources, American crude output continued to rise along with inventories, while OPEC won’t formally decide until May whether to extend production curbs, officials will meet this weekend in Kuwait to discuss their deal’s progress.
• Market analyst said that without the production cut agreement, prices could basically target the low-to-mid $30s, players are positive that they will extend production cut. Some players are anticipating lowering prices due to high supplies.
• On Monday WTI were closed at $49.31 and Brent closed at $51.76 while on Thursday, closing crude values have decreased.WTI on NYME closed at $47.70/bbl, prices have decreased by $0.34/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.08/bbl in compared to last trading and was assessed around $50.56/bbl.

$1 = Rs. 65.41
Import Custom Ex. Rate USD/ INR: 66.20
Export Custom Ex. Rate USD/ INR: 64.50