ISO Propanol Weekly Report 11 Feb 2017

Weekly Price Trend: 06-02-2017 to 10-02-2017

• 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. 77/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. 77/Kg.
• This week international prices of ISO Propanol also have decreased in compared to the previous week and were assessed at the level of USD 900/mt.
• This week feedstock prices in Asia have improved while IPA prices have decreased
• CFR China prices of feedstock propylene were evaluated at USD 980/mt.
• Presently market demand from end users has been weaken no major deals and discussion has been heard.
• Crude oil prices have followed fluctuation through the week and at end of the week prices have increased after an unexpected draw in U.S. gasoline inventories pointed to higher demand in the world's biggest oil market.
• As per report U.S. commercial crude inventories rose, high fuel inventories and rising U.S. crude production meant oil markets would be over-supplied for some time, but that they would drain gradually, while the rest of the world already showing signs of tightness.
• FOB Korea prices of feedstock propylene were evaluated at USD 885/mt.

 $1 = Rs. 66.88
 Import Custom Ex. Rate USD/ INR: 68.40
 Export Custom Ex. Rate USD/ INR: 66.70