Butyl Acrylate Monomer Weekly Report 8 April 2017

Weekly Price Trend: 03-04-2017 to 07-04-2017

• 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 significantly in this week.
• Prices of BAM were assessed at the level of Rs.99/Kg for ex Kandla for bulk quantity.

Total import at various ports in last six months

The above chart depicts the total amount of BAM in the span of last six months.

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 significantly for this week. By end of this week prices were assessed at the level of Rs.99/Kg with a decrease of Rs.1/Kg in compare to last week’s closing values.
• CIF India prices of BAM were assessed at the level of USD 1240-1260/MT (Full Duty), with an 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.

• In the beginning of this week oil prices remained weak but as the days passed prices gained the momentum. On Tuesday prices declined slightly but again as the week preceded prices remained upright. This rise was on back bullish market sentiments. Although oil prices have increased but market players remained vigilant about record-high U.S. crude inventories.
• On Friday U.S. crude futures jumped more in compare to Asia as President Trump ordered the first direct American military action against the regime of Syrian President Bashar al-Assad.
• Presently traders have been watching U.S. gasoline inventories as an indicator of what may happen with crude supplies.
• As per market analysts, the dollar has come under some pressure of late and this pushes up oil as well as the U.S. dollar value for offshore earnings. Traders believe that oil is likely to remain in its recent wide range. OPEC Secretary said that that the oil market is already rebalancing and global oil inventories are starting to come down after three months of output cuts by OPEC and their 11-non-OPEC partners. While rising U.S. crude production has some OPEC members calling for an extension of the cuts through December.
• On Thursday, closing crude values have increased.WTI on NYME closed at $51.70/bbl, prices have increased by $0.55/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.53/bbl in compared to last trading and was assessed around $54.89/bbl.

$1 = Rs. 64.28
Import Custom Ex. Rate USD/ INR: 66.20
Export Custom Ex. Rate USD/ INR: 64.50