ISO Propanol Weekly Report 07 April 2018

Weekly Price Trend: 02-04-2018 to 06-04-2018

• 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 remained volatile for the week and at the end of this week prices were assessed at the level of Rs.74/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• Domestic prices of ISO Propanol have remained volatile this week and were assessed at the level of Rs. 74/Kg.
• This week international prices of ISO Propanol have remained firm in compared to the previous week.
• Yancheng Super Chemical delays its IPA plant restart it is based at Jiangsu, China.
• Presently Asian IPA prices have plunged on plunge in feedstock propylene prices.
• Europe IPA prices also have plunged.
• In domestic market IPA prices have escalated on lower availability of material.
• This week feedstock propylene prices have plunged.
• FOB Korea prices of feedstock propylene were evaluated at USD 1005/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1035/mt.
• CFR South East Asia prices of feedstock propylene were evaluated at USD 930/mt.
• On Thursday, closing crude values have increased. WTI on NYME closed at $63.54/bbl; prices have decreased by $0.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.31/bbl in compared to last trading and was assessed around $68.33/bbl.
• As per report, U.S. crude production hit a new high, but that was not enough to change the overall bullishness. OPEC and its allies are collectively curbing 1.8 million barrels per day of crude output to help eliminate a global oil glut. The cuts run until the end of 2018 but Saudi Arabia has said they could be extended in some form into 2019.

 $1 = Rs. 64.96
 Import Custom Ex. Rate USD/ INR: 65.90
 Export Custom Ex. Rate USD/ INR: 64.20