N-Butanol Weekly Report 08 July 2017

Weekly Price Trend: 03-07-2017 to 07-07-2017
 

• 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. 57/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. 57/Kg for Kandla port.
• This week international market prices also have remained firm.
• N-Butanol demand from end users has been firm no major deals and discussion has been heard.
• This week oil prices have followed volatile inclination. On Thursday oil prices closed on slightly up note  after a sharp but short-lived boost from a much bigger-than-expected decline in U.S. inventories of crude oil and gasoline. WTI on NYME closed at $45.52/bbl, prices have increased by $0.39/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.32/bbl in compared to last trading and was assessed around $48.11/bbl. Market players said the surge was driven by traders closing out short positions, or bets that oil prices would fall.
• There's a lot of bearishness out there now the market is still believing supplies are not going to be in balance globally. Investors believe the OPEC will need to make further output cuts to offset thriving shale production in the United States.
• U.S. gasoline stocks dropped 3.7 million barrels in the most recent week, far exceeding the expected drop of 1.1 million barrels. Still, gasoline inventories remain about 6 percent above seasonal averages, so investors will watch for July data to see if demand is strong enough to whittle down stocks.
• CFR South East Asia prices of propylene were assessed at USD 775/mt.
• CFR China prices of propylene were evaluated at USD 870/mt.
• FOB Korea prices of propylene were evaluated at USD 820/mt.

 $1 = Rs. 64.59
 Import Custom Ex. Rate USD/ INR: 65.65
 Export Custom Ex. Rate USD/ INR: 63.95