ISO Propanol Weekly Report 27 May 2017

Weekly Price Trend: 22-05-2017 to 26-05-2017

• 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 increased and at the end of this week prices were assessed at the level of Rs.69/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 also have remained firm in compared to the previous week and were assessed at the level of USD 840/mt.
• European IPA players expect stable-to-soft market in June.
• As per market report, material is available in higher quantity while demand sentiments have been bearish.
• Presently IPA market is moving with soft velocity no major deals and discussion has been heard from end users.
• As per report, Asian prices are likely to be stable. Demand is strong during the spring season.
• Buying activities are likely to increase during pre- and post-festivities in June. However, the uptrend is likely to be balanced by the falling feedstock acetone and propylene prices.
• This week feedstock prices have increased while IPA prices have remained firm.
• CFR China prices of feedstock propylene were evaluated at USD 895/mt.
• FOB Korea prices of feedstock propylene were evaluated at USD 860/mt.

 $1 = Rs. 64.44
 Import Custom Ex. Rate USD/ INR: 65.30
 Export Custom Ex. Rate USD/ INR: 63.60