Butyl Acrylate Monomer Weekly Report 29 Sep 2018

Weekly Price Trend: 25-09-2018 to 28-09-2018

• 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.120/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 remained firm for this week. Prices were assessed at the level of Rs.120/Kg for bulk quantity.
• CIF India prices of BAM were assessed at the level of USD 1470-1490/MT (Full Duty), reduced by USD 40/MTS for this week.
• The rise in the domestic prices has been due to increase in its demand in paints, sealants and coating industries. With approaching festive across the country demand for paints has increased incredible.
• There has been slowdown in Asian market as China the leader of petrochemical industry in Asiatic region has pulled down itself from any fresh trading. There will be nation holidays in China next as a result traders are reluctant to make any new purchases
• There will be nation holidays in China next as a result traders are reluctant to make any new purchases. China market will remain closed for next week as the nation will be celebrating Golden week festival.
• Continuous surge in crude prices has heated the global oil market. Crude prices are likely to cross the mark of USD 100 in next few weeks.
• According to Petrochemical giant Total, the supply disruptions and the delay time associated with OPEC’s ability to increase production could pull up the price to $100 per barrel. This in turn will hamper the economy and the oil industry.
• Disruptions in supply coming from Iran, Venezuela, and Libya give strong support to oil prices and they may head into triple-digit territory. On the other hand, although OPEC has assured to boost production, but output hasn’t increased so much. Saudi Arabia has capacity of 11 million bpd, but boosting production from current levels would need time, because they have to mobilize rigs.
• US Sanctions will surely trigger a dramatic shortfall in global supply. And the sanctions are widely expected to have an immediate impact on Iran's oil exports, although estimates of exactly how much of the country's oil could disappear from November 4 vary widely.
• Some energy market analysts expect around 500,000 barrels per day (bpd) to disappear once U.S. sanctions against Iran come into force, while others have warned as much as 2 million bpd could come offline over the coming months.

 $1 = Rs. 72.48

Import Custom Ex. Rate USD/ INR:  73.65
Export Custom Ex. Rate USD/ INR:  71.95