ISO Propanol Weekly Report 23 June 2018

Weekly Price Trend: 18-06-2018 to 22-06-2018

• 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.70/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. 70/Kg.
• This week international prices of ISO Propanol have plunged in compared to the previous week.
• Presently IPA market is moving with slow velocity also feedstock demand have been sluggish and energy prices plunged.
• Japan’s Tokuyama restarts its IPA plant.
• China’s Kellin delays restart its IPA plant.
• Europe IPA price rolls over as feedstocks stabilise downtrend.
• FOB Korea prices of feedstock propylene were evaluated at USD 1075/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1100/mt.
• CFR South East Asia prices of feedstock propylene were evaluated at USD 1010/mt.
• Total imported quantity of IPA for the month of May, 2018 was around 21254MT.
• This week crude oil prices have followed volatile trend. on Thursday Global benchmark Brent crude extended losses ahead of Friday's meeting of the OPEC, where producers are expected to boost output.
• On Thursday, closing crude values have plunged. WTI on NYME closed at $65.54/bbl; prices have decreased by $0.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $1.69/bbl in compare to last closing price and was assessed around $73.05/bbl.

 $1 = Rs. 67.84
 Import Custom Ex. Rate USD/ INR: 69.10
 Export Custom Ex. Rate USD/ INR: 67.40