ISO Propanol Weekly Report 08 Sep 2018

Weekly Price Trend: 03-09-2018 to 07-09-2018

• 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 increased for the week and at the end of this week prices were assessed at the level of Rs.85/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• Domestic prices of ISO Propanol have increased this week and were assessed at the level of Rs. 85/Kg.
• This week international prices of ISO Propanol have remained firm in compared to the revious week.
• As per report, European IPA rose on the low end as a result of higher feedstock prices and stronger demand.
• This week IPA prices have escalated sharply on account of increase in feedstock prices.
• There has been continuous soaring in crude prices in this week. The US inventories have fell to their lowest levels since February 2015.  US West Texas Intermediate (WTI) crude futures were at $67.90 per barrel at 0056 GMT, up 13 cents, or 0.2 per cent, from their last settlement. 
• International Brent crude futures climbed 12 cents, or 0.2 per cent, to $76.62 a barrel. With release of Oil inventory data last night, a large number has been drawn from crude inventories.
• Global oil markets have tightened over the last month, pushing up Brent prices by more than 10 per cent since the middle of August. Investors anticipate less supply from Iran as US sanctions on Tehran begin to bite.
• With ship-tracking data now pointing at a reduction in Iranian exports, renewed strife in Libya, and Venezuelan export availability hobbled by an accident at the key Jose terminal, the list of bullish headlines is getting longer,” said Michael Dei-Michei, head of research at Vienna consultancy JBC Energy.

 $1 = Rs. 71.73
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40