Butyl Acrylate Monomer Weekly Report 27 May 2017

 Weekly Price Trend: 22-05-2017 to 26-05-2017

• 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.90/Kg for ex Kandla for bulk quantity with an increase of Rs.11/Kg for bulk quantity.

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.90/Kg with an increase of Rs.11/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 oil prices remained highly volatile. On Thursday, Crude oil prices plunged more than 5 percent below $49 per barrel, its biggest daily drop in last three weeks as OPEC members agreed to extend oil output cuts for nine months, crude oil traders pushed prices down by more than 4%.
• As per report, OPEC and some non-OPEC members agreed to extend oil supply cuts of 1.8 million barrels per day for a further nine months in a bid to stop waving prices. However, the move disappointed some who had hoped for longer or deeper cuts.
• As per market analyst, an initial six months of output reductions failed to shrink brimming crude stockpiles around the world. OPEC members need to curtail exports and take action to limit surging U.S. production to succeed this time.
• On Thursday, closing crude values have decreased.WTI on NYME closed at $48.90/bbl, prices have decreased by $2.46/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $2.50/bbl in compared to last trading and was assessed around $51.46/bbl.

$1 = Rs. 64.44
Import Custom Ex. Rate USD/ INR: 65.10
Export Custom Ex. Rate USD/ INR: 63.40