N-Butanol Weekly Report 02 Dec 2017

Weekly Price Trend: 27-11-2017 to 01-12-2017

• 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 plunged this week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 63/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 plunged and were assessed at Rs. 63/Kg for Kandla port.
• This week international market prices have remained firm on account of weak demand sentiments.
• US Nov N-Butanol market roll over in still market.
• This week crude oil prices have followed mixed trend. On Thursday oil prices have escalated OPEC members, Russia and nine other producers agreed to extend a deal to limit their production through 2018.
• On Thursday, closing crude values have increased. WTI on NYME closed at $57.40/bbl; prices have decreased by $0.10/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.46/bbl in compared to last trading and was assessed around $63.57/bbl.
• As per report, the producers will indeed review the deal at the next OPEC meeting in June. Some market were concerned that a nine-month extension could cause markets to quickly tighten, leading to undersupply that results in a price spike.
• South East Asia prices of propylene were assessed at USD 815/mt.
• CFR China prices of propylene were evaluated at USD 970/mt.
• FOB Korea prices of propylene were evaluated at USD 895/mt.

 $1 = Rs. 64.46
 Import Custom Ex. Rate USD/ INR: 66.20
 Export Custom Ex. Rate USD/ INR: 64.50