ISO Propanol Weekly Report 30 Dec 2017

Weekly Price Trend: 25-12-2017 to 29-12-2017

• 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. 71.5/Kg.
• This week international prices of ISO Propanol also have decreased in compared to the previous week.
• This week IPA market has remained firm no major deals and discussion has been heard.
• Asia IPA prices are likely to be stable-to-firm in 2018 on the back of strong demand, said by market predictors.
• US December IPA values flat amid subdued conditions.
• IPA January price expectations remains firm.
• This week crude oil prices have remained fluctuating. As 2017 draws to a close, On Thursday oil prices increased on lifted by strong data from top importer China and on increased U.S. refining activity that drew more crude from inventories. Recently,  thin trading activity ahead of the New Year weekend.
• As per report, market condition has been tight due to ongoing supply cuts led by OPEC, as well as top producer Russia.
• FOB Korea prices of feedstock propylene were evaluated at USD 935/mt.
• CFR China prices of feedstock propylene were evaluated at USD 995/mt.

 $1 = Rs. 63.87
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.20