N-Butanol Weekly Report 01 July 2017

Weekly Price Trend: 26-06-2017 to 30-06-2017
 

• The above given graph focuses on the N-Butanol price trend for the current week.
• If we take a quick look at the above given weekly prices then it can be observed that the prices of N-Butanol have remained firm  this week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 58/Kg at Kandla port.

Booking Scenario

The prices of N-Butanol are also affected by duties that are there for different countries. For example, there is 7.5% duty on South Africa and the Europe Zone. And there is 2.5% duty on Malaysia. These prices are for full duty (7.5%) for US, Europe region.

INDIA & INTERNATIONAL

• This week domestic prices of N-Butanol have remained firm and were assessed at Rs. 58/Kg for Kandla port.
• This week international market prices also have remained firm.
• This week feedstock propylene prices have increased.
• Crude oil prices have followed positive inclination as the fall in U.S. production has bolstered markets this week.
• N-Butanol market is moving with soft-to-sluggish velocity no major deals ha been heard.
• On Thursday, closing crude values have increased.WTI on NYME closed at $44.93/bbl, prices have increased by $0.19bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.11/bbl in compared to last trading and was assessed around $47.42/bbl.
• After the steep drop in oil prices of recent weeks, market players said that especially hedge funds saw nice buying momentum and lower U.S. crude production was the trigger to act.
• U.S. crude output dropped 100,000 barrels per day (bpd) to 9.3 million bpd last week, the steepest weekly fall since July 2016.
• As per market players recently market is cyclically bullish within a structurally bearish framework, noting that global inventories were drawing, demand is high, OPEC could still make deeper cuts and U.S. producers could be discouraged by rising costs.
• CFR South East Asia prices of propylene were assessed at USD 775/mt.
• CFR China prices of propylene were evaluated at USD 875/mt.
• FOB Korea prices of propylene were evaluated at USD 825/mt.

 $1 = Rs. 64.58
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.50