ISO Propanol Weekly Report 16 june 2018

Weekly Price Trend: 11-06-2018 to 15-06-2018

• 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 remained firm for the week 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 remained firm 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.
• Presently IPA market is moving with slow velocity also feedstock demand have been sluggish.
• China’s Kellin Chemical base at Zhangjiagang to restart its IPA plant.
• China’s Super Chemical shuts its IPA plant for maintenance.
• As per report, IPA demand is predictable to remain firm in near term.
• FOB Korea prices of feedstock propylene were evaluated at USD 1075/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1100mt.
• CFR South East Asia prices of feedstock propylene were evaluated at USD 1015/mt.
• This week crude oil prices have followed mixed trend. On Thursday oil prices were lower, facing pressure from evidence of rising U.S. output and uncertainty over the outlook for supply.
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $66.89/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.86/bbl in compare to last closing price and was assessed around $76.74/bbl.
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 $1 = Rs. 68.01
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15