ISO Propanol Weekly Report 29 Sep 2018

Weekly Price Trend: 24-09-2018 to 28-09-2018

• 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 decreased for the week and at the end of this week prices were assessed at the level of Rs.80/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. 80/Kg.
• This week international prices of ISO Propanol have increased in compared to the previous week.
• Shell Singapore delays its IPA plant restart the plant is located at Pulau Ular, Singapore.
• As per report, US IPA prices falls on long supply, easing demand.
• Asia’s petrochemical trades have slowed down as China will go on a week-long holiday in October.
• Trading activity is expected to pick up in mid-October when Chinese players are back in the market.
• Presently IPA market is moving with soft velocity no major deals and discussion has been heard.

• Continuous surge in crude prices has heated the global oil market. Crude prices are likely to cross the mark of USD 100 in next few weeks.

According to Petrochemical giant Total, the supply disruptions and the delay time associated with OPEC’s ability to increase production could pull up the price to $100 per barrel. This in turn will hamper the economy and the oil industry.

• Disruptions in supply coming from Iran, Venezuela, and Libya give strong support to oil prices and they may head into triple-digit territory. On the other hand, although OPEC has assured to boost production, but output hasn’t increased so much. Saudi Arabia has capacity of 11 million bpd, but boosting production from current levels would need time, because they have to mobilize rigs.
• US Sanctions will surely trigger a dramatic shortfall in global supply. And the sanctions are widely expected to have an immediate impact on Iran's oil exports, although estimates of exactly how much of the country's oil could disappear from November 4 vary widely.
• Some energy market analysts expect around 500,000 barrels per day (bpd) to disappear once U.S. sanctions against Iran come into force, while others have warned as much as 2 million bpd could come offline over the coming months.

 $1 = Rs. 72.48
 Import Custom Ex. Rate USD/ INR: 73.65
 Export Custom Ex. Rate USD/ INR: 71.95