ISO Propanol Weekly Report 13 Jan 2018

Weekly Price Trend: 08-01-2018 to 12-01-2018

• 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 and at the end of this week prices were assessed at the level of Rs.72/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. 72/Kg.
• This week international prices of ISO Propanol also have increased in compared to the previous week.
• This week IPA prices have increased as energy prices and feedstock prices also have escalated.
• US IPA free-market contract customers were feeling additional price pressure.
• Europe IPA spot rolls over as economy drives strong demand.
• FOB Korea prices of feedstock propylene were evaluated at USD 990/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1060/mt.
• This week crude oil prices have followed up velocity. On Thursday Brent crude oil hit a more than three-year high breaking through the psychologically important $70 a barrel level for the first time since December 2014.
• On Thursday, closing crude values have increased. WTI on NYME closed at $63.80/bbl; prices have increased by $0.23/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.06/bbl in compared to last trading and was assessed around $69.26/bbl.

 $1 = Rs. 63.61
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.80