ISO Propanol Weekly Report 14 July 2018

Weekly Price Trend: 09-07-2018 to 13-07-2018

• 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 fluctuated for the week and at the end of this week prices were assessed at the level of Rs.69/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. 69/Kg.
• This week international prices of ISO Propanol also have increased in compared to the previous week.
• Japan’s Mitsui reduces its IPA production.
• China IPA prices rise as downstream plants return to production.
• This week International IPA prices have escalated as demand from downstream sector has been escalated while in domestic market IPA prices have remained soft on firm buying sentiments..
• This week crude oil prices have followed mixed trend. On Thursday  oil prices steadied, after the International Energy Agency's warned that the world's oil supply cushion "might be stretched to the limit" due to production losses in several different countries.
• Brent prices rallied on Thursday, recouping some ground following sharp losses the previous session after Libya said it would resume oil exports. Brent crude oil gained 59 cents a barrel to trade at $74/bbl. On Wednesday, the global benchmark slumped $5.46, its biggest one-day fall in two years.   
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $70.33/bbl; prices have decreased by $0.05/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $1.05/bbl in compare to last closing price and was assessed around $74.45/bbl.

 $1 = Rs. 68.52
 Import Custom Ex. Rate USD/ INR: 69.70
 Export Custom Ex. Rate USD/ INR: 68.00