ISO Propanol Weekly Report 11 March 2017

Weekly Price Trend: 06-03-2017 to 10-03-2017

• 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 plunged 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 plunged this week and were assessed at the level of Rs. 77/Kg.
• This week international prices of ISO Propanol also have plunged in compared to the previous week and were assessed at the level of USD 900/mt.
• This week feedstock price in Asia has plunged on account of this domestic IPA prices also have declined.
• Presently IPA market demand from end users has been weaker and trade discussion remained sluggish.
• This week oil prices have tumbled. In five days duration US oil prices have plunged around 7.5% while Brent oil have decreased 6.6% as record U.S. crude inventories fed doubts about whether OPEC-led supply cuts would reduce a global glut.
• As per report, declining oil prices have helped U.S. and global energy companies get back into the investing but analyst said that there's not enough money going into longer-term projects and if things don't change, oil prices could spike and supply could be short.
• CFR China prices of feedstock propylene were evaluated at USD 940/mt.
• FOB Korea prices of feedstock propylene were evaluated at USD 915/mt.

 $1 = Rs. 66.60
 Import Custom Ex. Rate USD/ INR: 67.65
 Export Custom Ex. Rate USD/ INR: 66.00