ISO Propanol Weekly Report 21 July 2018

Weekly Price Trend: 16-07-2018 to 20-07-2018

• 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.68/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. 68/Kg.
• This week international prices of ISO Propanol also have remained firm in compared to the previous week.
• Singapore’s Shell starts IPA plant maintenance turnaround.
• Europe IPA prices stabilize following rises on soft demand.
• US IPA prices climb on upstream propylene.
• This week International IPA prices have escalated as demand from downstream sector has been escalated while in domestic market IPA prices have remained soft on firm buying sentiments..
• This week oil prices have followed mixed trend. On Thursday, Brent crude fell as concerns about mounting supply returned after a brief rally on comments that Saudi Arabia's exports would fall in August. Crude also strengthened on forecasts that inventories at the U.S. oil delivery hub for WTI in Cushing, Oklahoma fell 1.8 million barrels, or 6.2 percent.
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $69.46/bbl; prices have increased by $0.70/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.32/bbl in compare to last closing price and was assessed around $72.58/bbl.
• Total imported quantity of IPA for the month of June, 2018 was around 23503MT.

 $1 = Rs. 68.87
 Import Custom Ex. Rate USD/ INR: 69.60
 Export Custom Ex. Rate USD/ INR: 67.90