ISO Propanol Weekly Report 26 May 2018

Weekly Price Trend: 21-05-2018 to 25-05-2018

• 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.75/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. 75/Kg.
• This week international prices of ISO Propanol have plunged in compared to the previous week.
• Presently IPA prices have plunged as material is available in ample amount while demand has been declined.
• China’s Hi-Tech Spring Chem shuts its IPA plant for turnaround.
• S Korea’s LG Chem on track to shut its IPA plant for turnaround.
• This week oil prices have followed volatile trend. On Thursday, prices plunged, by the prospect of the first increase in OPEC output since 2016 in the face of concern over supply from both Venezuela and Iran, while a surprise rise in U.S. crude inventories raised doubt over seasonal demand.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $70.71/bbl; prices have decreased by $1.13/bbl in compared to last closing prices. While Brent on Inter
• Continental Exchange decreased by $1.01/bbl in compared to last trading and was assessed around $78.79/bbl.
• FOB Korea prices of feedstock propylene were evaluated at USD 1075/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1125/mt.
• CFR South East Asia prices of feedstock propylene were evaluated at USD 1000/mt.

 $1 = Rs. 67.75
 Import Custom Ex. Rate USD/ INR: 68.65
 Export Custom Ex. Rate USD/ INR: 66.95