ISO Propanol Weekly Report 06 May 2017

Weekly Price Trend: 01-05-2017 to 05-05-2017

• 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 decreased and at the end of this week prices were assessed at the level of Rs.68/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• Domestic prices of ISO Propanol have decreased this week and were assessed at the level of Rs. 68/Kg.
• This week international prices of ISO Propanol have decreased in compared to the previous week and were assessed at the level of USD 850/mt.
• This week feedstock price in Asia has plunged on account of this IPA prices also have decreased.
• Presently IPA market is moving with soft velocity no major deals and discussion has been heard from end users.
• Presently IPA market demand from end users has been weaker and trade discussion remained sluggish.
• Europe IPA price rolls over, market remains tight.
• This week oil prices have followed little volatility and at the end of the week prices sharply have plunged. On Thursday oil prices crashed to five-month lows as concerns about global oversupply wiped out all of the price gains since OPEC's move to cut output.
• China’s Tianjin Dagu Chemical is scheduled to restart its 150,000 tonne/year propylene oxide plant in Tianjin on 20 May.
• CFR China prices of feedstock propylene were evaluated at USD 805/mt.
• FOB Korea prices of feedstock propylene were evaluated at USD 790/mt.

 $1 = Rs. 64.37
 Import Custom Ex. Rate USD/ INR: 65.10
 Export Custom Ex. Rate USD/ INR: 63.40