ISO Propanol Weekly Report 24 June 2017

Weekly Price Trend: 19-06-2017 to 23-06-2017

• 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 plunged and at the end of this week prices were assessed at the level of Rs.66/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. 66/Kg.
• This week international prices of ISO Propanol have remained firm in compared to the previous week and were assessed at the level of USD 880/mt.
• Europe IPA spot prices drop sharply on longer market.
• EU IPA imports and exports down in April, as per report.
• This week domestic IPA prices have plunged, while CIF india prices have remained firm.
• This week oil prices have followed mixed trend. The oil market posted its worst performance in the first six months in two decades effectively signaling its refusal to accept the effectiveness of the OPEC statement and its desire for further production cuts.
• CFR China prices of feedstock propylene were evaluated at USD 845/mt.
• FOB Korea prices of feedstock propylene were evaluated at USD 825/mt.
• Total imported quantity of IPA for the month of May was around 5897MT.

 $1 = Rs. 64.52
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.50