N-Butanol Weekly Report 04 Nov 2017

Weekly Price Trend: 30-10-2017 to 03-11-2017

• 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 firmthis week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 65/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. 65/Kg for Kandla port.
• This week international market prices have plunged on account of weak demand sentiments.
• This week market have remained soft-to-stable no major deals and discussion has been heard.
•  South East Asia prices of propylene were assessed at USD 855/mt.
• CFR China prices of propylene were evaluated at USD 945/mt.
• FOB Korea prices of propylene were evaluated at USD 920/mt.
• Idemitsu Kosan has restated its cracker last week. Earlier the cracker was shut down for annual maintenance program in third week of September. Cracker is based at Chiba in Japan and has the production capacity naphtha of 3,75,000,mt/year
• On Thursday, closing crude values have increased. WTI on NYME closed at $54.54/bbl; prices have increased by $0.24/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.13/bbl in compared to last trading and was assessed around $60.62/bbl.

 $1 = Rs. 64.55
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 64.70