N-Butanol Weekly Report 06 Jan 2018
Weekly Price Trend: 25-12-2017 to 29-12-2017
- 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 remained firm this week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 67/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. 67/Kg for Kandla port.
- This week international market prices have remained firm.
- This week feedstock propylene and energy prices have escalated despite of this N-Butanol prices have remained firm.
- This week oil prices have remained little volatile but overall closed on higher note. On Thursday U.S. crude oil prices rise to the highest level in 2½ years as markets tightening amid tensions in Iran and due to ongoing OPEC-led production cuts.
- On Thursday, closing crude values have increased. WTI on NYME closed at $62.01/bbl; prices have increased by $0.38/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compared to last trading and was assessed around $68.07/bbl.
- As per market analyst, the market is getting more bullish on oil as inventory levels get closer to the five-year average. Geopolitical uncertainty in Iran, OPEC's third largest producer, is also helping to support the price as citizens are again protesting the government.
- South East Asia prices of propylene were assessed at USD 845/mt.
- CFR China prices of propylene were evaluated at USD 1035/mt.
- FOB Korea prices of propylene were evaluated at USD 970/mt.
$1 = Rs. 63.37
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.80
