ISO Propanol Weekly Report 04 March 2017

Weekly Price Trend: 27-02-2017 to 03-03-2017

• 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 remained firm and at the end of this week prices were assessed at the level of Rs. 78/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• Domestic prices of ISO Propanol have remained firm this week and were assessed at the level of Rs. 78/Kg.
• This week international prices of ISO Propanol also have remained firm in compared to the previous week and were assessed at the level of USD 950/mt.
• This week feedstock price in Asia has plunged on account of this domestic IPA prices also have declined.
• As per market source the high crude stockpile levels in the U.S. is the number one reason behind oil’s recent inability to climb. On Friday oil prices jump as he United States imposed sanctions on some Iranian individuals and entities.
• CFR China prices of feedstock propylene were evaluated at USD 960/mt.
• Presently IPA market demand from end users has been firm trade discussion remained sluggish.
• FOB Korea prices of feedstock propylene were evaluated at USD 945/mt.

 $1 = Rs. 66.81
 Import Custom Ex. Rate USD/ INR: 67.65
 Export Custom Ex. Rate USD/ INR: 66.00