ISO Propanol Weekly Report 12 Aug 2017

Weekly Price Trend: 07-08-2017 to 11-08-2017

• 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 remained volatile and at the end of this week prices were assessed at the level of Rs.62/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. 62/Kg.
• This week international prices of ISO Propanol have decreased in compared to the previous week and were assessed at the level of USD 900/mt.
• This week domestic IPA prices have remained volatile, while CIF India prices have decreased.
• Presently market is moving with soft velocity while material is available in ample amount.
• This week crude oil prices have followed volatile trend and on Thursday market closed on weak note. Oil prices fell more than 1.5 percent on Thursday, to hit two-week lows, dragged lower by persistent oversupply worries despite a bigger-than-expected drawdown in U.S. crude inventories.
• On Thursday, closing crude values have decreased.WTI on NYME closed at $48.59/bbl, prices have decreased by $0.97/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.80/bbl in compared to last trading and was assessed around $51.90/bbl.
• CFR China prices of feedstock propylene were evaluated at USD 905/mt.
• FOB Korea prices of feedstock propylene were evaluated at USD 860/mt.

 $1 = Rs. 64.13
 Import Custom Ex. Rate USD/ INR: 64.55
 Export Custom Ex. Rate USD/ INR: 62.85