ISO Propanol Weekly Report 31 March 2018

Weekly Price Trend: 26-03-2018 to 30-03-2018

• 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 and at the end of this week prices were assessed at the level of Rs.72/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 have plunged in compared to the previous week.
• US IPA prices plunged on decrease in feedstock propylene prices.
• Europe IPA spot price decreased on material availability.
• China’s Super Chemical its unit shuts for maintenance.
• This week feedstock propylene prices have plunged.
• FOB Korea prices of feedstock propylene were evaluated at USD 1005/mt.
• CFR China prices of feedstock propylene were evaluated at USD 1040/mt.
• CFR South East Asia prices of feedstock propylene were evaluated at USD 945/mt.
• This week crude oil prices have followed weak trend but on Thursday oil prices have escalated by 1 percent as the equities markets rallied and as market participants weighed a rise in U.S. crude inventories and production against continued OPEC supply curbs.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $64.94/bbl; prices have increased by $0.56/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.74/bbl in compared to last trading and was assessed around $70.27/bbl.
• Market players said that strong compliance on supply cuts from members of The OPEC and allies like Russia have supported prices. OPEC sources said the group and its allies are likely to keep their deal on cutting output for the rest of 2018 when they meet in June.
• As per market report, China was taking its first steps to pay for imported crude oil in yuan instead of the U.S. dollar. This week marked the launch of the Shanghai crude oil futures

 $1 = Rs. 65.17
 Import Custom Ex. Rate USD/ INR: 65.80
 Export Custom Ex. Rate USD/ INR: 64.15