ISO Propanol Weekly Report 21 April 2018

Weekly Price Trend: 16-04-2018 to 20-04-2018

• 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 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 plunged this week and were assessed at the level of Rs. 77/Kg.
• This week international prices of ISO Propanol have remained firm in compared to the previous week.
• This week IPA prices have invreased on bullish buying sentiments from end users.
• Presently European IPA prices plunged on competitive market.
• As per report, China’s Super Chemical delayed restart of its IPA plant.
• This week feedstock propylene prices have increased.
• FOB Korea prices of feedstock propylene were evaluated at USD 1045/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1080/mt.
• CFR South East Asia prices of feedstock propylene were evaluated at USD 950/mt.
• As per market report it is anhticipated that Indian IPA import prices rise in near term on firm demand and tight supply.
• India’s Deepak Fertilisers shut its IPA plant for maintenance.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $68.29/bbl; prices have decreased by $0.18/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.30/bbl in compared to last trading and was assessed around $73.78/bbl.

$1 = Rs. 66.03
 Import Custom Ex. Rate USD/ INR: 66.70
 Export Custom Ex. Rate USD/ INR: 65.00