ISO Propanol Weekly Report 05 Aug 2017

Weekly Price Trend: 31-07-2017 to 04-08-2017

• 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.63/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. 63/Kg.
• This week international prices of ISO Propanol have increased in compared to the previous week and were assessed at the level of USD 950/mt.
• This week domestic IPA prices have remained firm, while CIF India prices have increased.
• Presently market is moving with soft velocity while material is available in ample amount.
• Shell declares FM on propylene in wake of Pernis fire. Pernis has a production capacity of 250,000 tonnes/year for propylene and 150,000 tonnes/year of IPA at Pernis.
• This week prices have remained volatile. On Thursday oil prices plunged as watchful buying dried up after U.S. crude rose to nearly $50 a barrel. On Thursday, WTI on NYME closed at $49.03/bbl, prices have decreased by $0.56/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.35/bbl in compared to last trading and was assessed around $52.01/bbl.
• CFR China prices of feedstock propylene were evaluated at USD 875/mt.
• FOB Korea prices of feedstock propylene were evaluated at USD 860/mt.

 $1 = Rs. 63.58
 Import Custom Ex. Rate USD/ INR: 64.55
 Export Custom Ex. Rate USD/ INR: 62.85