ISO Propanol Weekly Report 04 August 2018

Weekly Price Trend: 30-07-2018 to 03-08-2018

• 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 for the week and at the end of this week prices were assessed at the level of Rs.70/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. 70/Kg.
• This week international prices of ISO Propanol also have remained firm in compared to the previous week.
• This week IPA prices have remained firm in International market while in domestic prices have escalated on supply shortage.
• European IPA spot prices were stable with higher numbers unconfirmed.
• Japan’s June IPA exports fall by 54.8% on month.
• This week oil prices have followed mixed trend. On Thursday oil prices traded slightly higher, reversing course after a report that crude stockpiles at the U.S. storage hub at Cushing, Oklahoma fell in the latest week.U.S. stockpiles have been in the spotlight because they rose unexpectedly last week, stoking fears that the market is becoming oversupplied.
• On Thursday, closing crude values have increased. WTI on NYME closed at $68.96/bbl. Prices have increased by $1.30/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $1.06/bbl in compare to last closing price and was assessed around $73.45/bbl.

 $1 = Rs. 68.60
 Import Custom Ex. Rate USD/ INR: 69.25
 Export Custom Ex. Rate USD/ INR: 67.55