Butyl Acrylate Monomer Weekly Report 28 Jan 2017

Weekly Price Trend: 23-01-2017 to 27-01-2017

• 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 slightly for this week.
• Prices of BAM were assessed at the level of Rs.109/Kg for ex Kandla 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 reduced in compare to last week’s closing values. By end of this week prices were assessed at the level of Rs.109/Kg with an decrease of Rs.9/Kg for bulk quantity.
• CIF India prices of BAM were assessed at the level of USD 1510-1530/MT (Full Duty), with an decline of USD 30/MT in compare to last week’s closing values. This has been due to mixed price trend in crude values in global market.
• Crude oil prices followed mixed trendthroughout ths week. On Thursday oil prices increased by ongoing rally in the U.S. stock market while gains were restricted by ample supplies and full inventories in spite of efforts by producers to cut output.
• As per recent report, U.S. crude oil production has increased by 6.3 percent in last six months.
• Again market players believe that rising U.S. output and inventories are probable to limit the impact of the agreement by the OPEC and other producers, including Russia, to cut supplies in an effort to reduce a global glut. OPEC and other exporters have said they will reduce output by almost 1.8 million bpd during the first half of 2017 and many of those cuts have already been made.
• On Thursday, closing crude values have increased.WTI on NYME closed at $53.78/bbl, prices have increased by $1.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $1.16/bbl in compared to last trading and was assessed around $56.24/bbl.

$1 = Rs. 68.04
Import Custom Ex. Rate USD/ INR: 69.10
Export Custom Ex. Rate USD/ INR: 67.40