ISO Propanol Weekly Report 15 July 2017

Weekly Price Trend: 10-07-2017 to 14-07-2017

• 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 plunged and at the end of this week prices were assessed at the level of Rs.64.5/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. 64.5/Kg.
• This week international prices of ISO Propanol have remained firm in compared to the previous week and were assessed at the level of USD 900/mt.
• This week domestic IPA prices have plunged, while CIF India prices have remained firm.
• China’s Shanghai Orient-Salt to resume full IPA ops in August.
• US May IPA exports fall by 27% year on year.
• This week Crude oil prices have followed up inclination as Saudi Arabia is going to cut exports of crude oil to the United States, but this is going to be a short-term effect on the market as the United States becomes much more energy independent.
• On Thursday, closing crude values have increased.WTI on NYME closed at $46.08/bbl, prices have increased by $0.59/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.68/bbl in compared to last trading and was assessed around $48.42/bbl.
• CFR China prices of feedstock propylene were evaluated at USD 845/mt.
• FOB Korea prices of feedstock propylene were evaluated at USD 860/mt.

 $1 = Rs. 64.45
 Import Custom Ex. Rate USD/ INR: 65.65
 Export Custom Ex. Rate USD/ INR: 63.95