Butyl Acrylate Monomer Weekly Report 28 July 2018

Weekly Price Trend: 23-07-2018 to 27-07-2018

• 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 prices remained firm for this week.
• Prices of BAM were assessed at the level of Rs.110/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.

INDIA & INTERNATIONAL

• Domestic values for BAM improved slightly for this week. Prices were assessed at the level of Rs.110/Kg for bulk quantity.
• CIF India prices of BAM were assessed at the level of USD 1475-1495/MT (Full Duty), reduced by USD 25/MTS for this week.
• Prices in Indian market are likely to remain weak as there are heavy rains in Mumbai and western part of India. There is a huge impact of monsoon season on the demand for majority of petchem products.
• Crude prices have been on increasing trend for this week.  On Wednesday US government released the data regarding the low inventory levels of crude. The inventory levels have reduced at max since 2015. With low inventory the worries about oversupply has now reduced which has affected the market in last few weeks.
• Oil prices rose on Thursday as Saudi Arabia suspended its shipments through strait in the Red Sea following an attack on two oil tankers by Yemen.
• Brent futures rose 61 cents to settle at $74.54 a barrel, a 0.8 percent gain. The contract earlier touched $74.83 a barrel, highest since July 16. U.S. West Texas Intermediate (WTI) crude futures were up 31 cents, settling at $69.61, a 0.5 percent gain.

$1 = Rs. 68.65
Import Custom Ex. Rate USD/ INR:  69.60
Export Custom Ex. Rate USD/ INR:  67.90