N-Butanol Weekly Report 06 May 2017

Weekly Price Trend: 01-05-2017 to 05-05-2017

• 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 decreasedthis 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 decreased and were assessed at Rs. 58/Kg for Kandla port.
• This week international market prices have decreased as feedstock propylene prices also have plunged.
• As per market players recently with the plunge in oil prices N-Butanol prices also have plunged and no major deals and discussion has been heard.
• This week oil prices have followed little volatility and at the end of the week prices sharply have plunged. On Thursday oil prices crashed to five-month lows as concerns about global oversupply wiped out all of the price gains since OPEC's move to cut output.
• Analysts agreed the steep price falls would likely force OPEC members to extend production cuts later this month, but the prospect of deeper cuts appeared slim. OPEC is scheduled to meet on May 25 to decide whether to extend the cuts.
• On Thursday, closing crude values have decreased.WTI on NYME closed at $45.52/bbl, prices have decreased by $2.30/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $2.41/bbl in compared to last trading and was assessed around $48.38/bbl.
• As per market analyst the current rate of cuts, is sufficient to result in demand outstripping global output by 1 million barrels a day in the second half of 2017 as seasonal demand picks up. it is becoming apparent that the profit margins of many of the chemical majors could be improved quit as oil prices declining with pace rapid.
• CFR China prices of propylene were evaluated at USD 805/mt.
• FOB Korea prices of propylene were evaluated at USD 790/mt.

 $1 = Rs. 64.37
 Import Custom Ex. Rate USD/ INR: 65.10
 Export Custom Ex. Rate USD/ INR: 63.40