ISO Propanol Weekly Report 03 Feb 2018

Weekly Price Trend: 29-01-2018 to 02-02-2018

• The above given graph focuses on the IPA price trend for this week.
• As per the above graph, it has been inferred that the prices of ISO Propanol have increased and at the end of this week prices were assessed at the level of Rs.75/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• Domestic prices of ISO Propanol have increased this week and were assessed at the level of Rs. 75/Kg.
• This week international prices of ISO Propanol also have remained firm in compared to the previous week.
• This week oil prices have followed volatile trend. Goldman Sachs on Thursday raised its 2018 oil price forecasts, projecting that Brent crude will soon top $80, fueled by blockbuster oil demand, a deal among big producers to limit output and U.S. drillers' inability to meet the world's growing energy appetite.
• US IPA contract-price effort for February emerges spot values rise.
• Shell Singapore halts Feb IPA sales on production woes.
• FOB Korea prices of feedstock propylene were evaluated at USD 1075/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1145/mt.

 $1 = Rs. 64.06
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.85