ISO Propanol Weekly Report 07 July 2018

Weekly Price Trend: 02-07-2018 to 06-07-2018

• 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 plunged for the week 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 plunged this week and were assessed at the level of Rs. 68/Kg.
• This week international prices of ISO Propanol also have plunged in compared to the previous week.
• This week with the weak buying sentiments IPA prices have plunged.
• This week IPA prices have plunged as feedstock propylene prices also have plunged.
• FOB Korea prices of feedstock propylene were evaluated at USD 1055/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1065/mt.
• CFR South East Asia prices of feedstock propylene were evaluated at USD 990/mt.
• This week oil prices have followed volatile trend. On Thursday Oil fell after U.S. President Donald Trump demanded OPEC cut crude prices, but the market found some support from an Iranian threat to block shipments through the Strait of Hormuz.
• On Thursday, closing crude values have plunged. WTI on NYME closed at $72.94/bbl; prices have plunged by $1.20/bbl in compared to last closing prices. While Brent on Inter Continental Exchange plunged by $ 0.37/bbl in compare to last closing price and was assessed around $77.39/bbl.

 $1 = Rs. 68.87
 Import Custom Ex. Rate USD/ INR: 69.70
 Export Custom Ex. Rate USD/ INR: 68.00