ISO Propanol Weekly Report 3 June 2017

Weekly Price Trend: 29-05-2017 to 02-06-2017

• 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 remained volatile and at the end of this week prices were assessed at the level of Rs.68/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• Domestic prices of ISO Propanol have remained volatile this week and were assessed at the level of Rs. 68/Kg.
• This week international prices of ISO Propanol also have increased in compared to the previous week and were assessed at the level of USD 950/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.
• European IPA spot price falls on increased availability.
• 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 remained firm while IPA prices have increased.
• CFR China prices of feedstock propylene were evaluated at USD 905/mt.
• FOB Korea prices of feedstock propylene were evaluated at USD 860/mt.

 $1 = Rs. 64.44
 Import Custom Ex. Rate USD/ INR: 65.35
 Export Custom Ex. Rate USD/ INR: 63.70