ISO Propanol Weekly Report 30 June 2018

Weekly Price Trend: 25-06-2018 to 29-06-2018

• 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.70/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. 70/Kg.
• This week international prices of ISO Propanol also have remained firm in compared to the previous week.
• Japan’s May exports of IPA fell 1.2% month on month.
• This week IPA prices have remained firm while feedstock prices have plunged.
• FOB Korea prices of feedstock propylene were evaluated at USD 1045/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1080/mt.
• CFR South East Asia prices of feedstock propylene were evaluated at USD 1010/mt.
• This week crude oil prices have escalated. On Thursday oil prices climbed, with U.S. crude hitting a three-and-a-half year high, bolstered by supply concerns due to U.S. sanctions that could cause a large drop in crude exports from Iran.
• On Thursday, closing crude values have increased. WTI on NYME closed at $73.45/bbl; prices have increased by $0.69/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compare to last closing price and was assessed around $77.85/bbl.

 $1 = Rs. 68.47
 Import Custom Ex. Rate USD/ INR: 69.10
 Export Custom Ex. Rate USD/ INR: 67.40