ISO Propanol Weekly Report 17 Feb 2018

Weekly Price Trend: 09-02-2018 to 16-02-2018

• 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 plunged and at the end of this week prices were assessed at the level of Rs.75.5/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. 76.5/Kg.
• This week international prices of ISO Propanol have remained firm in compared to the previous week.
• As per report, some buyers of US have adopted wait and watch stances on expectation of plunge in prices.
• LG Chem, South Korea's delays IPA plant maintenance.
• FOB Korea prices of feedstock propylene were evaluated at USD 1055/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1110/mt.
• This week oil prices have followed volatile trend. Oil prices extended gains on Thursday as a weak dollar and supportive comments from Saudi Arabia outweighed record U.S. production and rising inventories.
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $61.34/bbl; prices have increased by $0.74/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.03/bbl in compared to last trading and was assessed around $64.33/bbl.
• On Friday Oil prices edged higher as the dollar stood near a three-year low in subdued Asian trade, with many markets closed for the Lunar New Year holiday.
• As per market players, Oil is getting support from a rebound in global stock markets and a weak dollar, but the upside is limited due to a projection for rising U.S. production.

 $1 = Rs. 64.21
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.85