ISO Propanol Weekly Report 25 August 2018

Weekly Price Trend: 20-08-2018 to 24-08-2018

• 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 increased for the week and at the end of this week prices were assessed at the level of Rs.75/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• Domestic prices of ISO Propanol have increased this week and were assessed at the level of Rs. 75/Kg.
• This week international prices of ISO Propanol have decreased in compared to the revious week.
• S Korea’s Isu Chemical to shut IPA unit for turnaround.
• As per report, Europe IPA price remains firm as turnarounds balance market.
• This week oil prices have followed volatile trend. On Thursday oil prices plunged as an swelling trade dispute between the United States and China balanced news of a decline in U.S. commercial crude inventories.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $67.83/bbl. Prices have decreased by $0.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.05/bbl in compare to last closing price and was assessed around $74.73/bbl.
• Total imported quantity of IPA for the month of July was around 4957MT.

 $1 = Rs. 69.91
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40