ISO Propanol Weekly Report 26 Aug 2017

Weekly Price Trend: 21-08-2017 to 25-08-2017

• 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 remained firm and at the end of this week prices were assessed at the level of Rs.61/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• Domestic prices of ISO Propanol have remained stable this week and were assessed at the level of Rs. 62/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 900/mt.
• Presently market is moving with soft velocity while material is available in ample amount.
• Shell lifts chemicals solvents force majeure at Pernis. Pernis has a production capacity of 250,000 tonnes/year for propylene and 150,000 tonnes/year of IPA.
• Korea’s Isu Chemical to shut its IPA plant for Turnaround.
• China’s Jiangsu Xinhua to shut IPA plant for TA.
• CFR China prices of feedstock propylene were evaluated at USD 910/mt.
• FOB Korea prices of feedstock propylene were evaluated at USD 865/mt.
• Total imported quantity for the month of July 2017 was around 11822mt.

 $1 = Rs. 64.03
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.45