ISO Propanol Weekly Report 19 May 2018

Weekly Price Trend: 14-05-2018 to 18-05-2018

• 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.77/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. 78/Kg.
• This week international prices of ISO Propanol have plunged in compared to the previous week.
• IPA is one of the major chemical used in paints and color industry. Period from April to June is the season when its demand is on peak. Countries like India where from April to June are summer the demand is highest.
• Other countries like Indonesia and Malaysia also import heavy amount in this period. This year scenario is different as Ramadadan the holy month for Muslim nations will start from 17 May.
• Indonesia and Malaysia where the majority of population is muslim cut down their working hours. As a result demand from chief nations has cut down to significant level.
• Thailand one of the other major importer has also cut down their imports this year as monsoon has began over there.
• Many traders have delayed their cargoes and the manufacturers have also curtailed their production in order to make out their losses.
• FOB Korea prices of feedstock propylene were evaluated at USD 1075/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1105/mt.
• CFR South East Asia prices of feedstock propylene were evaluated at USD 985/mt.
• Total imported quantity of IPA for the month of April 2018 was around 13507MT.

 $1 = Rs. 68.00
 Import Custom Ex. Rate USD/ INR: 68.65
 Export Custom Ex. Rate USD/ INR: 66.95