ISO Propanol Weekly Report 28 July 2018

Weekly Price Trend: 23-07-2018 to 27-07-2018

• 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 remained firm for the week and at the end of this week prices were assessed at the level of Rs.67/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. 67/Kg.
• This week international prices of ISO Propanol have escalated in compared to the previous week.
• This week on account of shortage of material in International market IPA prices have escalated.
• Southeast SE Asia’s IPA prices have rebounded after on tightening supply.
• Europe IPA price stable, River Rhine water levels a concern.
•  As per report, PetroChina Jinzhou to reduce its IPA plant operations.
• Total imported quantity of IPA for the month of June, 2018 was around 23503MT.
• On Thursday, closing crude values have increased. WTI on NYME closed at $69.61/bbl; prices have increased by $0.31/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.61/bbl in compare to last closing price and was assessed around $74.54/bbl.
• China based Yancheng Super Chemicals has not restarted its IPA unit. Earlier the unit was shut down on 30th May and was scheduled to resume its production by last weekend. Now the restart has been delayed due to environmental concerns and uncertainty lies for its restart date. Unit is based at Jiangsu and has the manufacturing capacity of 1, 50,000 mt/year.
•  South East Asia’s IPA prices have soared up in just week on back of tightened supply in the region. Earlier there was continuous weakening in the international prices for IPA. Now with limited supply prices are rebounding. Reports suggest that China is one of the major supplier for IPA. China has already made its sale commitments for the month of August. This could led to limited availability of cargoes.
• On other side in China, most propylene-based IPA plants were forced to close, with the remaining few running at reduced rates due to production losses being incurred because of high feedstock cost. Domestic IPA prices in China have been rising because of limited supply despite a seasonal lull in demand, with end-users just buying on a need-to basis.

 $1 = Rs. 68.65
 Import Custom Ex. Rate USD/ INR: 69.60
 Export Custom Ex. Rate USD/ INR: 67.90