ISO Propanol Weekly Report 29 April 2017

Weekly Price Trend: 24-04-2017 to 28-04-2017

• 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 decreased and at the end of this week prices were assessed at the level of Rs. 70/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• Domestic prices of ISO Propanol have decreased this week and were assessed at the level of Rs. 70/Kg.
• This week international prices of ISO Propanol have decreased in compared to the previous week and were assessed at the level of USD 850/mt.
• This week feedstock price in Asia has plunged on account of this IPA prices also have decreased.
• Presently IPA market is moving with soft velocity no major deals and discussion has been heard from end users.
• Presently IPA market demand from end users has been weaker and trade discussion remained sluggish.
• As per market analyst As gas prices drop, that creates an undertow for the entire crude oil market. The outlook for oil prices will remain unstable. decline in crude prices and therefore petroleum product prices also means corresponding reduction in prices of some of the raw materials for the petrochemical industry. Hence, it can be a factor in improving the profitability of that industry.
• CFR China prices of feedstock propylene were evaluated at USD 815/mt.
• FOB Korea prices of feedstock propylene were evaluated at USD 790/mt.

 $1 = Rs. 64.24
 Import Custom Ex. Rate USD/ INR: 65.55
 Export Custom Ex. Rate USD/ INR: 63.85