ISO Propanol Weekly Report 17 March 2018

Weekly Price Trend: 12-03-2018 to 16-03-2018

• 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 and at the end of this week prices were assessed at the level of Rs.73/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. 73/Kg.
• This week international prices of ISO Propanol have increased in compared to the previous week.
• This week European IPA prices plunged on the high end, with the market softening due to feedstock price decreases.
• This week oil prices have followed volatile inclination.Oil prices edged higher in choppy trade on Thursday, supported by a pickup in equity markets but pressured by expectations that crude supply will exceed demand later this year.
• On Thursday, closing crude values have increased. WTI on NYME closed at $61.19/bbl; prices have increased by $0.23/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compared to last trading and was assessed around $65.12/bbl.
• FOB Korea prices of feedstock propylene were evaluated at USD 1015/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1065/mt.
• CFR South East Asia prices of feedstock propylene were evaluated at USD 975/mt.

 $1 = Rs. 64.93
 Import Custom Ex. Rate USD/ INR: 65.80
 Export Custom Ex. Rate USD/ INR: 64.15