ISO Propanol Weekly Report 12 May 2018
Weekly Price Trend: 07-05-2018 to 11-05-2018
- 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.78/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. 78/Kg.
- This week international prices of ISO Propanol have remained firm in compared to the previous week.
- Presently IPA market is moving with soft velocity on account of uncertainty in petrochemical market as Trump’s decision to pull out of the 2015 nuclear deal with Iran will have lot of effects to chemical industry globally.
- China’s Zhuhai Long Success plans to shut its IPA plant.
- S Korea’s LG Chem plans to shut its IPA plant for maintenance turnaround.
- China’s petrochemical imports from Iran are not expected to take a major hit upon the US’ re-imposition of sanctions against the Middle Eastern country.
- US President Donald Trump’s decision to pull out of the 2015 nuclear deal with Iran will have a lot of consequences for the global chemical industry, as well as for Iran’s domestic sector.
- FOB Korea prices of feedstock propylene were evaluated at USD 1065/mt.
- CFR China prices of feedstock propylene were evaluated at USD 1095/mt.
- CFR South East Asia prices of feedstock propylene were evaluated at USD 960/mt.
$1 = Rs. 67.33
Import Custom Ex. Rate USD/ INR: 67.50
Export Custom Ex. Rate USD/ INR: 65.80
