Butyl Acrylate Monomer Weekly Report 28 April 2018
Weekly Price Trend: 23-04-2018 to 27-04-2018
- 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 slowdown in prices for BAM by end of this week.
- Prices of BAM were assessed at the level of Rs.104/Kg for ex Kandla for bulk quantity.
Total import of BAM in the month of March 2018
The above chart depicts the import of BAM at various ports in India in the month of March 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 vulnerable for this week. Prices were assessed at the level of Rs.104/Kg for bulk quantity.
- CIF India prices of BAM were assessed at the level of USD 1410-1430/MT (Full Duty), reduced by USD 30/MTS for this week.
- This week oil prices have followed little volatility at the end of the week prices have escalated. On Thursday oil prices increased, supported by expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and ongoing strong demand.
- On Thursday, closing crude values have increased. WTI on NYME closed at $68.19/bbl; prices have increased by $0.14/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.74/bbl in compared to last trading and was assessed around $74.74/bbl.
- Venezuela's plunging output and looming U.S. sanctions against Iran come against a backdrop of strong demand, especially in Asia, the world's biggest oil consuming region. However, not all market indicators point towards tighter supplies. Soaring U.S. oil production and exports are holding back further price gains.
$1 = Rs. 66.66
Import Custom Ex. Rate USD/ INR: 66.70
Export Custom Ex. Rate USD/ INR: 65.00
