ISO Propanol Weekly Report 14 Oct 2017

Weekly Price Trend: 09-10-2017 to 13-10-2017

• 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 firm 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 have remained firm in compared to the previous week.
• As per market report, IPA demand continues to grow.
• India’s Deepak Fertilisers shuts IPA plant for maintenance 8-22 Oct.
• US IPA spot ranges move higher on supply, upstream pressure.
• As per market report, IPA prices will go up ion near term on good demand sentiments and supply constraint in China.
• CFR China prices of feedstock propylene were evaluated at USD 995/mt.
• FOB Korea prices of feedstock propylene were evaluated at USD 950/mt.
• This week oil prices have followed volatile inclination. on Thursday  oil prices rebounded from earlier losses, but ended lower on the day, after the Energy Department reported a larger-than-expected decline in U.S. inventories and a falloff in weekly production.
• On Thursday, closing crude values have decreased.WTI on NYME closed at $50.60/bbl, prices have decreased by $0.70/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.69/bbl in compared to last trading and was assessed around $56.25/bbl.

 $1 = Rs. 64.80
 Import Custom Ex. Rate USD/ INR: 65.95
 Export Custom Ex. Rate USD/ INR: 64.30