ISO Propanol Weekly Report 18 Feb 2017

Weekly Price Trend: 13-02-2017 to 17-02-2017

• 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 increased and at the end of this week prices were assessed at the level of Rs. 80/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. 80/Kg.
• This week international prices of ISO Propanol also have increased in compared to the previous week and were assessed at the level of USD 950/mt.
• This week feedstock prices in Asia have improved on account of this IPA prices also have improved.
• CFR China prices of feedstock propylene were evaluated at USD 1025/mt.
• Presently market demand from end users has been improving trade discussion has been heard.
• Crude prices continue to oscillate in a shifting range as traders considered the conflicting influence of weakening of US dollar. There has been constant high supply in last few weeks along with rising levels in the US crude inventory levels.
• On Thursday closing, there has been rise in crude values.WTI values increased by USD                            0.25/bbl and was assessed around $53.36. On other side there was slight decline in Brent value was observed. Brent crude prices reduced by $0.10/bbl and were assessed around $55.65/bbl.
• FOB Korea prices of feedstock propylene were evaluated at USD 1005/mt.

 $1 = Rs. 67.00
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15